Henrik Zeberg, a macroeconomist, analyzes Dogecoin, predicting a dramatic price increase based on a "Rounding Bottom" pattern and Fibonacci extensions. Zeberg is known for identifying business cycles and offers a technical view hinting at Dogecoin’s potential significant rise.
The chart indicates Dogecoin could follow a bullish trajectory similar to previous cycles, with Zeberg predicting up to a 10,200% increase, potentially reaching a price of $29. He identifies the Rounding Bottom pattern as crucial, which signals a market trend reversal from bearish to bullish.
This pattern shows a steady price increase, requiring a breakthrough at resistance around $0.49, supported by rising volume. Three key Fibonacci levels - 1.27 ($0.4924), 1.618 ($0.08030), and 2.618 ($3.2738) - are identified as price targets, with each stage suggesting significant gains.
Zeberg also marks ambitious long-term prospects at the 3.618 ($13.3641) and 4.618 ($54.4064) Fibonacci extensions, indicating enormous growth if market conditions remain positive over time. He stresses that while historical data supports such movements, nothing is guaranteed.
