Dogecoin is currently facing strong resistance, according to analysis from two prominent traders. One trader, Cantonese Cat, identifies a critical monthly Fibonacci resistance level at $0.26633. Another trader, Kaleo, highlights a potential for a swift price increase if Dogecoin can reclaim $0.25, due to thin liquidity. Cantonese Cat's monthly chart shows key support levels at $0.10879, $0.05363, and $0.02417. The current monthly candle is consolidating between $0.10879 and $0.26633. The trader believes breaking above $0.26633 would be extremely bullish, expecting another test of the level in Q4 2025. Dogecoin has historically oscillated between Fibonacci levels, reflecting a multi-quarter structure. Supply at $0.26633 and dip demand at $0.10879 are key dynamics in the current equilibrium. Kaleo's short-term analysis focuses on a descending trendline and a low-volume zone around $0.25. Reclaiming above the trendline near $0.20-0.21 could trigger a rally towards $0.25. The interplay between these levels will determine the direction of Dogecoin's future price movements.
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