Dogecoin prices are ready to reach a new peak as a crypto analyst predicts that it will exceed $1 by March.
Dogecoin prices are ready to hit new all-time highs, and as a crypto analyst, it is expected to increase fees by over $1 by March. Analysts' technical analysis of dogs using Fibonacci time zones suggests that the next few months may be an ideal time for investors and door holders to capitalize on potential returns, with March being the perfect time.
A rally in March where dog prices exceeded $1
Chandler is an encryption analyst at X (formerly Twitter) who shares technical analysis of Dogecoin using Fibonacci time zones and backtracking levels to predict its future movements. These time zones are represented by vertical lines on the chart, according to the Fibonacci ratio. They are typically used to identify potential areas where price reversals or significant fluctuations may occur.
Analysts point to strong bullish action in the 0.236 Fibonacci time zone, which typically peaks within one to two weeks after crossing this line. Based on this recurring pattern, Chandler predicts that Dogecoin will cross this time zone around March 24, 2025. He suggested that the price could return to the previous $0.73 ATH and surpass the $1 mark for the first time.
Doge on the Road to New Historical Heights | Source: Chandler on X
Chandler's chart displays key Fibonacci retracement levels, indicating support and resistance zones for Doge. 0.236, 0.382, and 0.618 are key levels at which the dog price trend retraces before starting to move forward. A Fibonacci score of 1.00 indicates a historical high level where strong resistance is typically found. In addition, during the bullish phase, the FIB levels of 0.236 and 0.382 are the third highest targets.
In the price list, the first, second, and third high marks indicate that the bull market Doge always becomes a new high point stage. Chandler's highest market price is expected to exceed $1, reaching this milestone will trigger a significant bearish trend in the market, leading to significant selling
Why March may be the best time to sell
Despite predicting rally dog prices above $1, Chandler also warned of an upcoming bear market later this year. Analysts believe that Dogecoin may hit a new low from the expected Ath by October 10, 2025. He predicted that once the 0.382 Fibonacci time zone is reached, the meme coin will initiate this price drop. From a historical perspective, this threshold marks the beginning of a significant downward trend and volatility in Dogecoin.
Chandler's analysis suggests that the window between March and April may be the best time for investors to sell their summary collections. This time range is consistent with the analyst's $1 price forecast, indicating that the strategy of selling at the peak of the price to minimize the potential losses expected in the bear market may follow later stages.