Dogecoin's long-term monthly chart presents an interesting technical phenomenon. By observing historical trends through Fibonacci extension lines, it becomes evident that two complete market cycles have played out similar stories at key levels.

In the first cycle, Dogecoin's peak precisely aligned with the 4.236 Fibonacci level. The second cycle once again confirmed this, with the highest point matching this level exactly. Two cycles separated by several years surprisingly point to the same technical target — this is certainly not a coincidence but reflects an inherent pattern in market structure.

If this pattern continues into the next cycle, the data provides a fairly clear signal: Dogecoin's upcoming cycle top may once again align with the 4.236 Fibonacci level, which, based on current calculations, is approximately $33.25.

Of course, history will not repeat itself exactly, but markets often cycle with remarkable similarity. So far, Dogecoin's performance has almost precisely followed its long-term Fibonacci framework. It is worth continuing to observe whether this cycle can break the pattern or further validate the effectiveness of this model.