Crypto analyst Charting Guy has issued a cautionary note on Dogecoin (DOGE), stating that he will sell his position if certain Fibonacci retracement levels are not broken in the coming months. He points to key Fibonacci lines, including the 0.50 Fib at around $0.20 (the current price), and the 0.702 and 0.786 Fibs at $0.33 and $0.43 respectively. Charting Guy believes that if DOGE fails to break these levels by late April or early May, he will sell his position, regardless of whether the price reaches $0.30, $0.40, or even $1. Another analyst, Sun, disagrees with Charting Guy's analysis and argues that DOGE's movement is not mimicking XRP. Charting Guy's shift in tone is notable, as he was previously bullish on DOGE but now leans on Fibonacci levels as deciding factors for exiting his position.
Content Editor ( newsbtc.com )
- 2025-03-07
Sell All Your Dogecoin If This Happens, Says Crypto Analyst
