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#DOGE5L The current price dynamics of Dogecoin (DOGE) have attracted the attention of analysts and traders, as the token is repeating previous formations that can be seen as a signal for the start of another major rally.
The fact is that the price of DOGE has been rising steadily to and beyond the Fibonacci extension level of 1.618. With a market capitalization of over $27.7 billion, Dogecoin is in a critical phase of consolidation, and analysts believe that a breakout could be significant.