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Dogecoin’s Critical Juncture: Fibonacci Levels to Watch
Crypto analyst Charting Guy (@ChartingGuy) has issued a stark warning for Dogecoin (DOGE) holders, indicating he’ll liquidate his holdings if specific Fibonacci retracement levels remain unbroken. At press time, DOGE hovers around $0.20, reflecting a 14.94% weekly decline.
Key Fibonacci Retracements:
| Level | Price Target | Significance |
|---------|-------------|-----------------------|
| 0.382 | $0.1397 | Support zone |
| 0.50 | $0.1997 | Current price vicinity|
| 0.618 | $0.2677 | Resistance threshold |
| 0.702 | $0.33 | Sell trigger |
| 0.786 | $0.43 | Exit point |
| 1.0 | $0.76 | Bullish milestone |
Charting Guy emphasizes that failure to breach $0.33 (0.702 Fib)** or **$0.43 (0.786 Fib) by late April would prompt him to “sell majority if not all” of his DOGE. His analysis anticipates a market peak by early May, irrespective of whether DOGE hits $0.30, $0.40, or $1.00.
👉 Why Fibonacci levels matter for crypto trading
Diverging Views: XRP Fractal Debate
Analyst Tony “The Bull” Severino (@tonythebullBTC) compares DOGE’s trajectory to XRP’s 2021 fractal, where XRP stagnated during its cycle. However, Sun (@Sunfire1126) counters that DOGE’s behavior aligns with broader altcoin trends, citing ADA and HBAR as examples.
Charting Guy remains neutral: “I’m open to a breakout or another rejection.”
FAQ Section
Q: What’s the worst-case scenario for Dogecoin?
A: If DOGE fails to surpass $0.33–$0.43 by April, Charting Guy predicts a sell-off.
Q: Is Dogecoin mimicking XRP’s 2021 pattern?
A: Some analysts see parallels, but others argue it’s part of a broader altcoin trend.
Q: When is the next key market low expected?
A: Charting Guy highlights March 2026 as a potential inflection point.
👉 Mastering crypto market cycles
Analyst’s Pivot: From Bullish to Cautious
In January, Charting Guy viewed DOGE’s dip to $0.26 (0.618 Fib)** as a buying opportunity, targeting **$1–$4**. However, with DOGE stuck below **$0.30, he now prioritizes Fibonacci resistance levels as exit signals.
Final Thoughts
At $0.20, Dogecoin’s near-term fate hinges on Fibonacci breakouts. Traders should monitor:
- $0.33 (0.702 Fib)** and **$0.43 (0.786 Fib) as make-or-break levels.
- Broader market trends influencing altcoin performance.
“The market doesn’t lie—price action is the ultimate truth.” — Charting Guy
Disclaimer: This content is for educational purposes only and not financial advice. Always conduct independent research.
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