Dogecoin is at a pivotal moment.
After a sharp rally into the $0.28 zone, price retraced directly into the golden pocket (0.5–0.618 fib zone between $0.216 and $0.199). That area — historically known for decisive continuation or breakdown — has turned into a congestion zone.
Price is sitting right on top of 0.618, a level that lines up with prior structural resistance from June and swing support from July. This “support clustering” forms a critical level for the bulls to defend.
If the 0.618 Fib holds, this remains a healthy pullback in a broader bullish structure — and a push toward $0.24–$0.26 becomes likely. But lose it, and the door opens to a full retrace toward the high-demand blue zone around $0.14.
In short:
– Holding Fib = Bullish continuation bias
– Lose 0.199 = Trend invalidation and deeper pullback likely
– Still a higher low for now — but it’s hanging by a thread
Watch this level closely — this is where the next wave is born.
After a sharp rally into the $0.28 zone, price retraced directly into the golden pocket (0.5–0.618 fib zone between $0.216 and $0.199). That area — historically known for decisive continuation or breakdown — has turned into a congestion zone.
Price is sitting right on top of 0.618, a level that lines up with prior structural resistance from June and swing support from July. This “support clustering” forms a critical level for the bulls to defend.
If the 0.618 Fib holds, this remains a healthy pullback in a broader bullish structure — and a push toward $0.24–$0.26 becomes likely. But lose it, and the door opens to a full retrace toward the high-demand blue zone around $0.14.
In short:
– Holding Fib = Bullish continuation bias
– Lose 0.199 = Trend invalidation and deeper pullback likely
– Still a higher low for now — but it’s hanging by a thread
Watch this level closely — this is where the next wave is born.
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Try our strategy optimizer at quanttradingpro.com
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.