Is DOGE in a "bubble"?

Despite what many may say negatively in the past few days as DOGE is one of the few alts to rise, DOGE at least has had quite a showing for bringing in some positive sentiment during a BTC drop as well as introducing many folks to cryptocurrency in the past few months.

That being said, for anyone curious about the "bubble" possibilities of DOGE, I just wanted to mention a few key points about the current price action as it relates to a typical bubble formation (as it looks very familiar, at least in my opinion, to many BTC chart setups from the "bubble" years):
1) DOGE was showing some expected bearish divergence before capitulating to a drop
2) The initial drop was almost precisely near the 61.8% Fibonacci level
3) Upon retracement back upward, it is nearing once again the 61.8% Fibonacci level if it is to reach near .365 USD then drop afterward

Although the above can be "bubble-like" conditions can be stated for many alts, I just wanted to mention that if DOGE is not able to continue upward, this indeed could become a bubble situation, after which there is a possibility of a retracement to near 85% for the longer term trend. These moments usually drag on with lots of hope and denial (googling "crypto bubble chart" brings up many of these examples). I suppose time will tell if this is the current case for DOGE to be finishing a bubble or if Elon's twitter will continue to propel the price to further levels. I for one am at least am hoping that .365 USD might be a year long end (see what I did there?) to how noisy the news and trolling in chat has been lately about DOGE, but I suppose we shall see. But as to all those who "raked it in" during the jump, good for you all! In the meantime, you stay classy dogecoin!