Technical analysis by divyafnres about Symbol DOGE: Buy recommendation (12/4/2024)

This Elliott Wave analysis indicates a bullish outlook for Dogecoin, with the current structure suggesting it is completing Wave (3) of a larger cycle. The projected target for Wave (5) aligns with the Fibonacci 1.618 extension level, pointing toward a potential market capitalization increase that corresponds to a price target of approximately $0.70. If market momentum continues, Dogecoin could achieve this level in the medium term.