Dogecoin Rallies 28%, Analysts Discuss Potential Pullback and Continuation

Dogecoin (DOGE/USDT) has rallied 28% over the past four days, reaching a decision point on higher timeframes. Analysts suggest a "pullback-then-continue" scenario if key Fibonacci levels hold.

The weekly 0.382 retracement at $0.13847 is crucial for bullish continuation, as highlighted by Matt Hughes.
Byzantine General anticipates a reset to the $0.14 region before resuming the rally, noting strong market posture.
Cantonese Cat emphasizes the need for DOGE to react cleanly at resistance to maintain the current bullish structure.

Dogecoin weekly chart

Rising derivatives positioning shows Velo's open interest at 4.714B, with positive cross-exchange funding rates indicating a long market stance.
Resistance zones are identified between $0.11778 (0.382) and $0.15428 (0.5), with potential retracements at $0.19070 (0.5) and $0.26261 (0.618).

Dogecoin 4-hour chart

The outcome depends on whether DOGE can maintain weekly acceptance above $0.13847 and reclaim $0.15428. Failure to hold these levels could bring lower supports at $0.11778 and $0.09320 into play.

Current trading price: $0.14944.

Dogecoin price chart