DOGE 8H – Fib Confluence Holding, But Decision Point Is HereDogecoin 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.
