Brothers who are stuck at 0.4, don't panic, I'll help you recharge your faith😂😂😂

Dogecoin has been firing on all cylinders recently, breaking through several difficulties, and various technical indicators are suggesting that it may continue to rise. Bitcoin soared last night, and the memecoin market also benefited from it. Dogecoin jumped 4.22% in 24 hours.

Speaking of which, the total market value of memecoin has returned to the $100 billion mark. Looking at this situation, the bull market in 2025 may really come.

Let's take a look at the price trend of Dogecoin. From the 4-hour chart, Dogecoin started to rise from $0.3 and has broken through the small obstacles that blocked it before. Now, Dogecoin is rushing towards the 38.20% Fibonacci level of $0.3303, but the 100-day moving average of $0.3357 has given it another blow.

The current price of Dogecoin is $0.33053. This wave of growth has made the 20-day moving average and the 50-day moving average ready to rise hand in hand. The momentum is very good.

Let's talk about the RSI indicator. When it started to rise from $0.3, the RSI also rose. Now it has reached 60.15, and it is about to enter the overbought zone. What does this mean? It means that everyone is buying Dogecoin!

Speaking of price targets, according to the Fibonacci level, if Dogecoin rushes again, it may reach the 50% Fibonacci level of $0.3551. However, there are many people watching the 100-day moving average of $0.3357 and the 200-day moving average of $0.34719. They may become stumbling blocks for Dogecoin in the short term.

However, if Dogecoin really breaks through the 50% Fibonacci level in one go, it will be amazing, and it may be able to return to the previous high price range of $0.37772 to $0.41557. Of course, if it fails to break through the 38.20% Fibonacci level, it may have to go back to $0.3 to rest.

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