The post Dogecoin Breaks Fibonacci Level as Analyst Flags Historic Buy Zone appeared on BitcoinEthereumNews.com.

Dogecoin trades near $0.09434, up 3.98% over the past 24 hours. The asset is bouncing within a tight range between $0.0897 and $0.0923. Price has repeatedly tested both boundaries throughout the session, reflecting a tug-of-war between buyers and sellers. Earlier in the session, DOGE dipped toward $0.089. Buyers stepped in and pushed the price back above $0.091. The asset now hovers just below the $0.092 resistance level. Whether sustained buying pressure can force a breakout remains the central question. If it cannot, DOGE risks staying trapped inside its current consolidation range. Fibonacci Levels Define the Road Ahead On the weekly chart, Dogecoin is stabilizing after a prolonged downtrend following its previous rally. The price sits below several key Fibonacci retracement levels. The 0.786 retracement sits near $0.1678. The 0.618 level is close to $0.1975. The 0.382 zone hovers around $0.2392. Each of these acts as overhead resistance in the near term. A critical structural point was broken when DOGE fell below the 1.0 Fibonacci extension near $0.1300. This level has historically served as a significant support area. The market is now watching whether DOGE can reclaim $0.1300. A successful recovery above this level could signal the start of a stronger upward structure. The Average True Range (ATR) on the weekly chart is trending down toward 0.027. Declining ATR signals falling volatility. This type of compression often precedes a sharp directional move. Traders and analysts are watching closely for a breakout in either direction. If Dogecoin reclaims the $0.1300 Fibonacci extension, recovery targets range from $0.167 to $0.197. Failure to do so could leave the asset consolidating in its current lower support zone for an extended period. Analyst Points to Third Historic “Best Buy” Signal Crypto analyst Trader Tardigrade has drawn attention to a notable signal on the monthly chart. According…

---

Filed under: News - @ March 10, 2026 1:22 pm