Related Reading: Dogecoin Crashes 20%, But Bull Line’ Signals Hope For HODLers Kevin’s shared chart indicates that DOGE temporarily dipped below a rising pink trendline that has been in place since mid-2023, yet managed to close the daily candle back above this historically significant support around the $0.138 region—a level that also coincides with the 38.2% Fibonacci retracement level measured from the $0.049 swing low to the approximately $0.738 peak.
Related Reading: Dogecoin Volume Remains Low As Price Tanks, Analyst Says Another Surge Is Coming On the upside, traders may look to potential resistance zones in the mid-$0.20s, which line up with the 61.8% Fibonacci retracement at roughly $0.2671, and the high-$0.30s to low-$0.40s range tied to deeper retracement zones up to the 78.6% mark.
DOGE Uptrend Remains Intact Charting Guy (@ChartingGuy) weighed in separately, highlighting that Dogecoin has arrived once more at its weekly 200 EMA zone—an important trend marker hovering in the mid-$0.13 range—and that its overall structure still shows "higher highs, higher lows” when viewed on a broader timescale.
The story "Dogecoin Shows ‘Clean’ Bullish Divergence Amid Market Turmoil: Crypto Analyst" has 434 words across 61 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Dogecoin Shows ‘Clean’ Bullish Divergence Amid Market Turmoil: Crypto Analyst" was covered 1 weeks ago by NewsBTC, a news publisher based in United Kingdom.
How trustworthy is 'NewsBTC' news outlet?
NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United Kingdom and publishes an average of 7 news stories per day.
It's most recent story was published 10 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
