Dogecoin's recent rally has established it as a prominent player in the crypto market, earning it the nickname "King of Crypto." It broke through a significant resistance level and achieved a higher high on the weekly chart, indicating ongoing bullish momentum. The breakout opens the possibility for price stabilization between $0.32 and $0.40, with $0.40 being a crucial level for bulls. If Dogecoin can close above the 0.5 Fibonacci retracement level at $0.398, it could see an increase in price velocity. The ultimate goal for Dogecoin is reaching the 1.618 Fibonacci extension at $1.16, although market conditions and investor sentiment will play a role in achieving this. For the week ahead, Dogecoin may consolidate gains between $0.32 and $0.40 before potentially testing higher Fibonacci extension levels.



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