DOGEUSD: This is why it can go to $2.00

Dogecoin is bearish on its 1W technical outlook (RSI = 41.068, MACD = -0.006, ADX = 51.882) as it's trading under the 1W MA50. It did find however support on the 1W MA100 and that reminds us of the August-September bottoming period, which served as accumulation for the market, giving way to the post U.S. election rally. This chart shows DOGE's three Phases of Growth of the current Cycle. As the 1W MA100 holds, we have succesfully completed Phase 2 and have started Phase 3, which is technically the most bullish. The last Phase 3 topped a little over the 2.0 Fibonacci extension of Phase 1 bottom. This implies that a $2.00 TP by the end of Q3 is a technically achievable price.


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