Dogecoin Holds $0.217 as Fibonacci Levels Mirror the Last Bull Cycle

• Dogecoin trades above $0.217 as Fibonacci retracements align with price action from the previous cycle.
• The $0.1904 support level and $0.2623 range remain critical zones that guide current market structure.
• Breaking $0.3339 resistance could send Dogecoin toward Fibonacci extension targets beyond $1.40 with momentum.

Dogecoin is showing bullish momentum as Fibonacci retracement levels reveal striking similarities between the current market cycle and the last. The chart comparison highlights critical price zones that may dictate the token’s trajectory in coming months.

Fibonacci Levels Across Two Cycles

The chart comparison presents Dogecoin’s monthly price structure in two phases: the current cycle beginning in 2021 and the previous cycle ending in 2021. In both cases, Fibonacci retracement levels have served as recurring markers of price behavior.

For the current cycle, Dogecoin trades near $0.217, positioned above the 0.5 Fibonacci level at $0.1904. The market has recently bounced from the 0.618 level at $0.2623, suggesting buyers remain active at these retracement zones.

In the last cycle, the token consolidated between $0.0036 and $0.0139 before breaking out strongly past the 0.5 Fibonacci retracement. That move ultimately drove the price toward the 2.618 extension at $0.2605, marking the cycle high.

Bullish Chart Structure

Analysts note that the recurring Fibonacci structure strengthens the bullish outlook. The current cycle shows multiple retests of the 0.382 retracement at $0.1383, with price consistently holding above this base. Each retest has been followed by gradual upward movement, resembling patterns from the last cycle.

The comparison also highlights the 0.236 retracement at $0.0931 as a key foundation. During the previous cycle, Dogecoin tested this level repeatedly before breaking upward. The current price action displays similar clustering near mid-range Fibonacci levels, indicating potential for another decisive breakout.

If momentum builds, the next targets align with Fibonacci extensions above $1.40, $2.27, and $3.94. These levels, derived from the ongoing cycle, mirror the path taken during the previous breakout. Market participants watch these markers closely as possible resistance points.

Long-Term Outlook and Critical Question

Dogecoin’s long-term outlook remains tied to the consistency of Fibonacci-based retracements. Traders consider the alignment between cycles a signal of market rhythm.

In the prior cycle, once the 0.707 retracement at $0.3339 was broken, the surge accelerated rapidly toward higher extensions. In the present cycle, breaking the same retracement could once again trigger explosive upward moves.

The critical question is whether Dogecoin can replicate its last cycle breakout and surpass the $0.3339 retracement level. A successful move beyond this zone would likely validate the bullish structure and target Fibonacci extensions above $1.40. However, failure to breach could result in further consolidation around the $0.1904–$0.2623 range.