Crypto Analyst Warns to Sell Dogecoin if Key Levels Fail
Crypto analyst Charting Guy (@ChartingGuy) warns of potential selling of Dogecoin (DOGE), currently trading at $0.20, if it fails to surpass key Fibonacci retracement levels. The weekly change shows a decline of 14.94%.
Key Fibonacci Levels
- 0.382 Fib at $0.1397
- 0.50 Fib near $0.1997
- 0.618 Fib at $0.2677
- 0.702 Fib at $0.33
- 0.786 Fib at $0.43
- 1.0 Fib at $0.76
Charting Guy indicated he would sell most or all of his DOGE holdings if the price does not break the 0.702 or 0.786 Fib levels by late April. He anticipates a major market peak around that time, regardless of whether prices reach $0.30 to $1.00.
He noted a possible low in March 2026 and referenced the “XRP 2021 fractal,” suggesting Dogecoin could mirror XRP's previous performance, which remained stagnant during its cycle phase.
Analyst Sun (@Sunfire1126) disagrees with this view, stating that many cryptocurrencies have experienced similar movements, citing ADA and HBAR as examples.
Charting Guy remains open to both upward movement and rejection. If DOGE fails to reach $0.33 or $0.43 by late April, he will exit the market. His stance has shifted from bullish two months ago, where he saw $1 as a target, to a more cautious approach based on current Fibonacci levels.
At press time, DOGE is priced at $0.20.
