Dogecoin Price Could Break Into Double-Digit Rally From This Fibonacci Level 🚀
The Dogecoin price experienced a retracement after reaching $0.3, despite the Federal Reserve's rate cut last week. Analysts highlight potential recovery due to expected altcoin ETFs and Dogecoin ETF excitement.
MadWhale notes Dogecoin's proximity to a critical Fibonacci level, predicting an 18% increase if it maintains support above $0.24. Whale activity and declining exchange liquidity could also boost demand.
The possible conversion of Grayscale's Dogecoin Trust to an ETF and the anticipation surrounding REX-Osprey Dogecoin ETF further support bullish sentiments.
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