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Dogecoin’s potential fourth bull cycle is under the microscope as a pseudonymous analyst, Cantonese Cat, shares a detailed Fibonacci roadmap. The chart projects ambitious price targets, including a speculative $23 peak, while highlighting key resistance levels. Traders debate whether liquidity can fuel such a rally.
- Dogecoin is testing the 0.5 Fibonacci retracement level at $0.20, with key resistances at $0.26 (0.618 Fib) and $0.74 (1.0 Fib).
- The 1.618 Fibonacci extension at $3.94 is highlighted as a historically credible bull cycle target for DOGE.
- Cantonese Cat dismisses the $23 (2.272 Fib) projection as unrealistic without massive liquidity inflows.
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