The post Dogecoin Chart Flashes Historical “Buy” Signal for Rally appeared on BitcoinEthereumNews.com.

DOGE shows signs of repeating its historical pattern with a Fibonacci target at $2.28 Consolidation above key levels may set up breakout toward $0.50–$0.75 range On-chain outflows reflect caution, but resilience near $0.17 suggests possible recovery Dogecoin (DOGE) is once again drawing attention from analysts and traders, as familiar market patterns begin to emerge. Trading at $0.1856 on June 9, the top meme coin is showing signs of repeating historical price behavior that, if it continues, could signal the start of another major rally.  The core of the bullish thesis lies in a multi-cycle pattern where DOGE has consistently rallied to and beyond the 1.618 Fibonacci extension level. With a market cap of over $27.7 billion, Dogecoin appears to be in a critical consolidation phase, and analysts believe a breakout could be significant. Historical Fibonacci Pattern Points to an Ambitious $2.28 Target Crypto analyst JAVON⚡️MARKS highlights that in both previous bull cycles, Dogecoin exceeded the 1.618 Fibonacci level. In Cycle 1, this target was $0.0074, and in Cycle 2, it was around $0.039. Both were not only met but decisively broken. Now, Cycle 3 places the 1.618 Fib level at $2.28.  Historically, DOGE’s price action has honored these levels, increasing the likelihood of a repeat. Marks believes current consolidation above $0.06 mirrors the pre-breakout phases of earlier cycles.  Hence, if this trend continues, the path to and beyond $2.28 could be plausible. Fibonacci levels often act as key resistance and breakout zones, which could guide upcoming price action. $DOGE (Dogecoin), by its previous cycles, has a HIGH LIKELINESS TO MAKE A RUN TO AND ABOVE $2.28 ⚡️! Those levels act as the 1.618 Fib Level which prices in each bull cycle has met and exceeded making the chances of it happening again this cycle a bit higher… pic.twitter.com/DpKjX2MW1z — JAVON⚡️MARKS…

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Filed under: News - @ June 9, 2025 11:28 pm