Dogecoin (DOGE) Defends Key Support, Could Run Toward $2 Next
DOGE is trading at $0.2575 right now, 3.52% above seven days ago. This upward movement, reflecting a 2% increase, has rendered its weekly path favorable. More generally, DOGE still shows a 21% monthly loss. Based on solid technical support and past price trends pointing to a possible surge, market observers remain upbeat about Dogecoin's future price movement.
Dogecoin Holds Key Support, Setting the Stage for a Rally
DOGE's capacity to surpass a vital ascending trendline is a key element supporting a positive attitude toward the instrument. In a recent tweet, crypto expert Ali Martinez saw this trend and underlined in DOGE's successful defense of its lower Fibonacci support level at $0.19183 (0.786 retracing). Buyers have entered each time DOGE challenged this level, driving a significant bounce and indicating ongoing market interest in the meme-based cryptocurrency.
Dogecoin chart by Ali Martinez
Historically, such rebounds from important Fibonacci retracing levels have caused DOGE's price to go significantly upward. Should this trend hold, Dogecoin might be about to experience yet another dramatic breakthrough. The 1.00 Fibonacci extension is the critical monitoring level; it roughly matches DOGE's all-time high, $0.73905. Should Bulls break this resistance, DOGE may start price discovery mode and open the path for a run towards $2.
DOGEs Road to $2: The Fibonacci Perspective
Analysts have charted possible price objectives for Dogecoin in the next months using Fibonacci extensions. The first main opposition stands at $0.73905, corresponding with DOGE's peak in the past bull market. Breaking past this level would be a major turning point for DOGE, which has battled to recover its former highs in the face of recent market fluctuations. Beyond $0.73905, the next important Fibonacci extension corresponds to a price goal of $2 by occurring at the 1.272 level. Getting this level from the price of $0.2575 would be a huge 676.7% rise. Given Dogecoin's past propensity for strong rallies driven by whale accumulation and community excitement, such a leap is not beyond reach.
Another developing altcoin creating even more buzz in the market is Rexas Finance (RXS), while Dogecoin is defending its main support and aiming for a possible run to $2. Rexas Finance (RXS) is a groundbreaking project that integrates the real world with blockchain technology, providing real-world asset (RWA) tokenization worldwide, unlike Dogecoin, which runs essentially as a meme-based cryptocurrency.
Rexas Finance (RXS) Poised for an Even Bigger Surge
In stage 12, with a price of $0.20, the RXS presale has been among the most remarkable in recent history. The coin has surged over 6x from its initial presale price, and overall funds raised top $45.98 million. Now planned to start at $0.25 on June 19, 2025, stage 12 is the last presale round, almost 90% filled.
Forecasting that Rexas Finance's (RXS) price could soar over $2 and reach as high as $10, market analysts are considering an even more aspirational aim for the company. Such an action would result in an amazing 4,900% increase from its presale price. This prognosis is predicated on the growing need for RWA tokenization, projected to transform several sectors, including intellectual property and real estate.
Click Here To Buy Rexas Finance (RXS) Presale
Leading blockchain security company, Certik has looked over Rexas Finance in great detail. This audit guarantees a solid and open project basis, improving investor confidence. Furthermore increasing attention is the $1 million giveaway on the platform. Twenty lucky winners, with over 1.44 million entries, will get RXS valued at $50,000 each. Along with encouraging great adoption, this project has confirmed Rexas Finance's standing as among the most exciting blockchain initiatives of 2025.
Final Thoughts: DOGE vs. RXS Which One Will Rally Higher?
With its capacity to hit $2 soon and maintain important support levels, Dogecoin is still a fierce competitor in cryptocurrency. Though DOGE shows encouraging signals of a comeback, its expansion is still connected to market mood and community-driven buzz. However, Rexas Finance (RXS) is becoming an increasingly powerful investment with practical application. RXS offers more upside potential than Dogecoin since its presale shows significant increases, and experts forecast a movement beyond $10. Rexas Finance (RXS) is a must-watch cryptocurrency for 2025 with its creative use case, rising investor interest, and forthcoming listing.
For more information about Rexas Finance (RXS) visit the links below:
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Read more: https://cryptodaily.co.uk/2025/02/dogecoin-doge-defends-key-support-could-run-toward-2-next
Text source: Crypto Daily™
