After an impressive 200% rally in early November, Dogecoin (DOGE) enters a consolidation phase. Analyst Kevin predicts a possible surge to $4, mirroring a past cycle. The 'macro golden pocket' of $3.80 to $4 aligns with the 1.618 Fibonacci extension, suggesting a potential new all-time high by month-end.
Kevin emphasizes that achieving such performance is challenging. He notes DOGE's critical price position and support on the daily RSI chart. Breaching this support could lead to a decline, but strong Bitcoin (BTC) performance could bolster DOGE's prospects.
Currently, Bitcoin consolidates between $90,800 and $98,500. Kevin identifies a symmetrical triangle pattern, indicating a likely breakout. BTC has formidable support, and a move toward $100,000 could trigger DOGE's next price surge, mirroring previous patterns.
Kevin's analysis underscores the interconnectedness of DOGE and BTC prices, critical for predicting market trends.
