Dogecoin Price Prediction: Fib Extension Flashes $4 Target – How Quickly Can DOGE Get There?

Key Points

1. Dogecoin's price surged above $0.20, with Fibonacci extension levels indicating a potential $4 target, and trading volume remains strong.

2. DOGE recorded over $2.5 billion in trading volume, surpassing higher-ranked cryptocurrencies like BNB, which had $2.3 billion despite a larger market cap.

3. Futures market shows over $7.6 billion in bets backing Dogecoin's rally, with open interest remaining positive at $2.7 billion in the last 24 hours.

4. Technical analysis shows a breakout from a descending channel, with RSI above 70 and positive MACD histogram, indicating strong buying pressure and potential for continued upward movement.

5. Elon Musk's continued support for Dogecoin and the 'DOGE ARMY' community are seen as factors that could help drive the price toward the $4 target.