Dogecoin’s next move – Analyst says ‘sell’ if THIS key level fails!
The post Dogecoin’s next move – Analyst says ‘sell’ if THIS key level fails! appeared on BitcoinEthereumNews.com.
Dogecoin’s price could face a major downturn if it fails to break key Fibonacci levels Analyst warns of a sell-off if DOGE struggles to surpass the 0.702 or 0.786 Fibonacci levels Dogecoin’s [DOGE] price has always been a rollercoaster ride, but its latest trajectory suggests a defining moment ahead. A prominent crypto analyst has warned that DOGE may face a major sell-off if it fails to surpass key Fibonacci retracement levels in the coming months. Traders are closely monitoring the 0.702 and 0.786 Fib levels, making this a critical period for DOGE’s price movement. What’s at stake for DOGE? Dogecoin’s price action is approaching a critical juncture as it edges toward key Fibonacci retracement levels that could determine its next major move. According to analyst Charting Guy, the 0.702 and 0.786 Fibonacci retracement levels will determine whether DOGE continues its ascent or faces a steep correction. Historically, these levels have served as key resistance and breakout points, making them critical for predicting DOGE’s next move. A breakout above the 0.786 level could trigger a rally toward the psychological milestone of $1. However, failing to break through these levels would confirm bearish momentum, consistent with broader market cycles and previous DOGE corrections. Source: X What happens if DOGE fails to break key Fibonacci levels? If Dogecoin fails to break past the 0.702 or 0.786 Fibonacci levels, analyst Charting Guy warns of a potential downturn. He has stated that he may sell most, if not all, of his DOGE holdings if this scenario unfolds. Due to DOGE’s cyclical price behavior, investors are already anticipating a possible local top by late April or early May. Historical trends support this view, as past Dogecoin rallies were often followed by steep retracements. If the resistance remains too strong, DOGE could drop to lower support levels, such…
Filed under: News - @ March 8, 2025 6:24 am