Cryptocurrency trader Javon Marks said that dog-themed cryptocurrency Dogecoin (CRYPTO: DOGE) may be encountering a corrective phase, but he is hopeful of significant upside in the ongoing cycle.

加密货币交易员Javon Marks说，以狗为主题的加密货币（Crypto：Doge）可能会遇到一个纠正阶段，但他希望在正在进行的周期中有重大上涨空间。

What Happened: Javon Marks, a widely followed chartist, shared their analysis of Dogecoin’s potential trajectory on Sunday. He said, “Dogecoin, by its previous cycles, has a high likeliness to make a run to and above $2.28.” Should the prediction come true, it’d mean a whopping 12x upside from the current price.

发生的事情是：贾万·马克斯（Javon Marks）是一位受到关注的Chartist，分享了他们对Dogecoin在周日潜在轨迹的分析。他说：“ Dogecoin以前的周期很有可能在2.28美元的价格上涨。”如果预测成真，那意味着与当前价格相比，上涨了12倍。

The analyst said that these levels act as the 1.618 Fibonacci Level, which DOGE managed to hit and exceed in previous bull cycles, making the chances of it happening again in the current cycle a bit higher.

这位分析师说，这些水平是1.618斐波那契水平，Doge在先前的Bull Cycles中设法击中并超过了它，这使其在当前周期中再次发生这种情况的机会更高。

Fibonacci retracement is a technical analysis tool that uses ratios derived from the Fibonacci sequence to determine probable support and resistance levels. These are then used to predict reversals or continuations. The 1.618 level, often referred to as the “golden ratio,” is particularly significant.

斐波那契回缩是一种技术分析工具，它使用从斐波那契序列得出的比率来确定可能的支持水平和电阻水平。然后将这些用于预测逆转或连续性。通常称为“黄金比率”的1.618级别尤其重要。

In the analysis shared on X, formerly Twitter, Marks also noted that a break and close above $1.15 could be crucial for setting the stage for further upside in the cryptocurrency.

在以前是Twitter的X上分析的分析中，Marks还指出，休息时间超过1.15美元对于为加密货币的进一步上升空间而言至关重要。

Dogecoin

狗狗

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What Else Is Important: Asghar noted that DOGE’s structure remained “strong” within an ascending broadening wedge, setting a price target of as much as $3.8.

还有其他重要的事情：阿斯加尔指出，在越来越大的楔形楔形中，Doge的结构保持“强大”，其目标目标为3.8美元。

The ascending broadening wedge is a bearish reversal pattern, as part of which price makes higher highs and higher lows before a downward breakout.

上升的宽阔楔形是一种看跌的逆转模式，作为价格的一部分，在下降之前，价格会更高和更高的低点。

However, the cryptocurrency broke out to the upside, which could be setting the stage for a substantial rally in the coming weeks.

但是，加密货币爆发了上升空间，这可能在接下来的几周内为大量集会奠定了基础。

"The structure remains strong as we broke out to the upside here setting the final leg to 3.80 as the pattern target," Asghar said.

阿斯加尔说：“当我们爆发到这里的上行空间时，该结构仍然很强。”

Despite the upbeat predictions, both analysts cautioned that the cryptocurrency market is highly volatile, and anything can happen.

尽管有乐观的预测，但两位分析师都警告说，加密货币市场非常波动，任何事情都可能发生。

It is important to conduct thorough research and due diligence before making any investment decisions.

在做出任何投资决策之前，进行彻底的研究和尽职调查很重要。

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