Laugh if you want and dismiss me as an unserious person. The price history of Dogecoin disagrees. Dogecoin ranks among the most consistent long-term performers in crypto.

    Most make the same mistake and treat DOGE as a forever hold. Optimal results come from long-cycle swing trades. Entry near deep support and exit near structural tops. Very few approach DOGE with that framework.

    Here are my key observations from the chart:

    1. Dogecoin forms major cycle tops roughly every 40 months on average.

    2. Each cycle top aligns with a higher 0.618 Fibonacci extension. A Fibonacci drawn from the 2014 top to the 2015 bottom places the 1.618 extension near the 2018 top. The 2.618 extension aligns with the 2021 and 2025 tops. The 3.618 extension projects toward $12.75.

    3. A long-term support zone forms between 2 overlapping retracements. The 0.236 retracement from the 2015 low to the 2021 high and the 0.382 retracement from the 2017 low to the 2021 high create a $0.05 to $0.09 accumulation range. Price repeatedly stabilized inside that zone.

    4. Dogecoin recently broke below the 300-week moving average for the first time. Previous cycles respected that level as support.

    5. Price recently bounced from the 0.236 retracement and the 100-month moving average.

    Now, do I think 3.168 at $12.75 by 2028 makes sense? No, absolutely no. That scenario implies a $1.6 trillion market cap.

    A move to $1 looks more realistic. That is a 10x return over 3 to 4 years, which beats 99% of retail and professional investors and is only ~30% higher than the 2021 top.

    Before you disregard this, Dogecoin provided:

    – 12x during the launch year, followed by a 96% drawdown

    – 218x from the 2015 bottom to the 2018 top, followed by a 93% drawdown

    – 549x from the 2020 bottom to May 2021, followed by a 93% drawdown

    – 9x from the 2022 bottom to 2024, followed by an 84% drawdown (90%-93% would put it at ~$0.04-$0.05

    I don't know about you, but for me, accumulation below $0.10 offers a realistic path to a 10x outcome by 2028 to 2029.

    You can bookmark this post and revisit it later.

    https://www.reddit.com/gallery/1qy9yhr

    Posted by doctorbirdee

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