Crypto analyst Charting Man (@ChartingGuy) has issued a cautionary notice on Dogecoin, suggesting he’ll promote the meme coin if sure Fibonacci retracement ranges fail to interrupt within the coming months. His assertion arrives at a time when Dogecoin (DOGE) is buying and selling round $0.20, in response to the shared weekly chart on TradingView, exhibiting a steep –14.94% weekly change.
When To Promote Dogecoin?
Within the connected chart, a collection of key Fibonacci retracements run from 0.0 as much as 1.618 at roughly $4.13. Notable traces embrace the 0.382 Fib round $0.1397, the 0.50 Fib simply above $0.1997 (close to present worth), the 0.618 Fib close to $0.2677, the 0.702 Fib round $0.33, the 0.786 Fib round $0.43, and the 1.0 Fib close to $0.76.
Charting Man stresses that if DOGE “comes again and hits the 0.702 or 0.786 fib over the following few months and may’t break it,” he plans to “promote majority if not all of bag.” He provides that his private thesis requires a serious prime in late April or early Might, no matter whether or not costs attain $0.30, $0.40, and even $1.00.
“Sure, this invalidates my bullish DOGE charts however I used to be going to promote whether or not it’s at $0.30 or $1 late April,” Charting Man remarked. He additionally highlights a “key low” probably touchdown in March 2026, reiterating he “can’t make that up.”
Associated Studying
A part of this evaluation includes a possible repetition of what Tony “The Bull” Severino (@tonythebullBTC) refers to because the “XRP 2021 fractal,” the place XRP remained largely range-bound and didn’t push to new all-time highs throughout its particular cycle section.
In keeping with Severino, “Dogecoin continues to observe the XRP 2021 fractal.” He initially drew parallels final October, warning that DOGE may “pull an XRP this cycle,” exhibiting how XRP traded just about sideways at an identical level in its market cycle.
Nonetheless, analyst Solar (@Sunfire1126) disagrees, arguing that Dogecoin’s motion isn’t particularly mimicking XRP. Solar notes that “most cash have performed this transfer to this point,” and cites different altcoins equivalent to ADA and HBAR, which have each halted across the 0.618 Fibonacci retracement or decrease
Associated Studying
Charting Man responded that he stays “open to the thought of it breaking” increased however equally open to “one other rejection.” Ought to the worth fail at $0.33 (0.702 Fib) or $0.43 (0.786 Fib) by late April, he confirms his plan to exit the market.
When one consumer recommended he had turned outright bearish, Charting Man clarified: “No, in the event you realized to learn, I plan on promoting finish of April whether or not this situation performs out and it solely will get to $0.30/$0.40, or whether or not my bullish eventualities play out and it makes a better excessive.”
The shift in tone from Charting Man is very notable, as solely two months in the past he remained largely bullish on DOGE. In early January, he highlighted a wick all the way down to $0.26—the 0.618 Fib—calling it a really perfect shopping for alternative.
Again then, he believed DOGE would keep away from revisiting that zone and was “lastly prepared” for a subsequent leg up, with $1 as a “minimal goal” and $4 as the very best. Since then, nonetheless, DOGE has stalled below $0.30, and Charting Man now leans on Fibonacci hurdles—$0.33 and $0.43—because the deciding components on whether or not he’ll exit his place by late April or early Might.
At press time, DOGE traded at $0.20.
Featured picture created with DALL.E, chart from TradingView.com
