{"id":654023,"date":"2024-11-21T03:00:25","date_gmt":"2024-11-21T03:00:25","guid":{"rendered":"https:\/\/wncen.com\/?p=654023"},"modified":"2024-11-20T11:13:06","modified_gmt":"2024-11-20T11:13:06","slug":"dogecoin-price-test-of-0-786","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-test-of-0-786\/","title":{"rendered":"Analyst Confirms Dogecoin Price Test Of 0.786 Fibonacci Level, What Happens Next?"},"content":{"rendered":"

The Dogecoin price has been <\/span>trading sideways<\/span><\/a> for the past few days, consolidating around the $0.4 mark as it targets a <\/span>breakout to the upside<\/span><\/a>. This $0.4 price point is represented by the 0.786 Fibonacci level, which an analyst has confirmed that Dogecoin continues to test in order to witness a price rally.\u00a0<\/span><\/p>\n

Dogecoin Price Targets 0.786 Fib Breakout<\/h2>\n

Kevin, a Dogecoin analyst on X (formerly Twitter), has<\/span> shared<\/span><\/a> his analysis of the DOGE price action, highlighting a key resistance point that could catalyze the meme coin\u2019s <\/span>anticipated rally.<\/span><\/a> Given the recent surge in the Dogecoin price this month, many analysts have forecasted that the meme coin is <\/span>gearing up to hit the $1 ATH<\/span><\/a>.\u00a0<\/span><\/p>\n

Related Reading: Analyst Predicts Possible 40% Crash For XRP Price With Gravestone DOJI Candle Formation<\/a><\/div>\n

Some of these analysts have also suggested that factors like <\/span>Donald Trump\u2018s win<\/span><\/a> in the U.S. Presidential election, <\/span>Elon Musk\u2019s D.O.G.E <\/span><\/a>commission, and growing positive sentiment in the crypto community, could become the critical drivers for the Dogecoin price, pushing it to new highs. Despite this bullish sentiment, the DOGE price continues to trade sideways, struggling to break through the $0.4 price.\u00a0<\/span><\/p>\n

Kevin has disclosed that <\/span>the $0.4 mark<\/span><\/a> is a crucial resistance level for Dogecoin, representing the 0.786 Fib. He highlighted that the Dogecoin price has been testing this critical Fibonacci level but was sharply<\/span> rejected<\/span><\/a> on November 19. This price rejection is also among several failed attempts in the past few days, as Dogecoin has repeatedly tested this crucial level.\u00a0<\/span><\/p>\n

While the optimism for a <\/span>Dogecoin price surge<\/span><\/a> is high, Kevin has stated that unless the meme coin can break above this crucial resistance level \u201ccleanly and violently,\u201d there\u2019s no reason for investors to expect any major price movement or get overly excited about a <\/span>potential rally<\/span><\/a>.\u00a0<\/span><\/p>\n

The Dogecoin analyst also highlighted a critical resistance level for the Bitcoin price. Kevin has revealed that Bitcoin\u2019s next upside rally will occur once it clears the <\/span>resistance level at $100,000<\/span><\/a>. The analyst suggests that the market will likely move slowly and remain relatively uneventful until the pioneer meme coin can break past this crucial milestone.\u00a0<\/span><\/p>\n

Dogecoin Next Target: Monthly Close Above $0.335<\/h2>\n

In another<\/span> X post<\/span><\/a>, Kevin explained the downside target for the Dogecoin price if it fails to break the 0.786 Fib resistance level. He revealed that the DOGE price moment, via its chart, is showcasing a \u201cnasty triple top\u201d at the macro 0.786 Fib level.\u00a0<\/span><\/p>\n

Related Reading: Here\u2019s Why The Bitcoin Price Could Surge To $138,000 Before Recording A 30% Crash<\/a><\/div>\n

Kevin has predicted that a drop to the $0.30 mark is highly possible for Dogecoin if volatility and market uncertainty persist. This decline could also be triggered by <\/span>selling pressures<\/span><\/a> and a lack of bullish momentum.\u00a0<\/span><\/p>\n

Conversely, the analyst has<\/span> revealed<\/span><\/a> that the next big rally for Dogecoin could be seen if the meme coin can close a monthly candle above $0.335 in the next 11 days. Kevin has stated that achieving this feat would be a significant milestone, marking Dogecoin’s highest <\/span>monthly candle close<\/span><\/a> of all time.\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n

\"Dogecoin
DOGE pushes toward $0.4 once again | Source: DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The Dogecoin price has been trading sideways for the past few days, consolidating around the $0.4 mark as it targets a breakout to the upside. This $0.4 price point is represented by the 0.786 Fibonacci level, which an analyst has confirmed that Dogecoin continues to test in order to witness a price rally.\u00a0 Dogecoin Price Targets 0.786 Fib Breakout Kevin, a Dogecoin analyst on X (formerly Twitter), has shared his analysis of the DOGE price action, highlighting a key resistance point that could catalyze the meme coin\u2019s anticipated rally. Given the recent surge in the Dogecoin price this month, many analysts have forecasted that the meme coin is gearing up to hit the $1 ATH.\u00a0 Related Reading: Analyst Predicts Possible 40% Crash For XRP Price With Gravestone DOJI Candle Formation Some of these analysts have also suggested that factors like Donald Trump\u2018s win in the U.S. Presidential election, Elon Musk\u2019s D.O.G.E commission, and growing positive sentiment in the crypto community, could become the critical drivers for the Dogecoin price, pushing it to new highs. Despite this bullish sentiment, the DOGE price continues to trade sideways, struggling to break through the $0.4 price.\u00a0 Kevin has disclosed that the $0.4 mark is a crucial resistance level for Dogecoin, representing the 0.786 Fib. He highlighted that the Dogecoin price has been testing this critical Fibonacci level but was sharply rejected on November 19. This price rejection is also among several failed attempts in the past few days, as Dogecoin has repeatedly tested this crucial level.\u00a0 While the optimism for a Dogecoin price surge is high, Kevin has stated that unless the meme coin can break above this crucial resistance level \u201ccleanly and violently,\u201d there\u2019s no reason for investors to expect any major price movement or get overly excited about a potential rally.\u00a0 The Dogecoin analyst also highlighted a critical resistance level for the Bitcoin price. Kevin has revealed that Bitcoin\u2019s next upside rally will occur once it clears the resistance level at $100,000. The analyst suggests that the market will likely move slowly and remain relatively uneventful until the pioneer meme coin can break past this crucial milestone.\u00a0 Dogecoin Next Target: Monthly Close Above $0.335 In another X post, Kevin explained the downside target for the Dogecoin price if it fails to break the 0.786 Fib resistance level. He revealed that the DOGE price moment, via its chart, is showcasing a \u201cnasty triple top\u201d at the macro 0.786 Fib level.\u00a0 Related Reading: Here\u2019s Why The Bitcoin Price Could Surge To $138,000 Before Recording A 30% Crash Kevin has predicted that a drop to the $0.30 mark is highly possible for Dogecoin if volatility and market uncertainty persist. This decline could also be triggered by selling pressures and a lack of bullish momentum.\u00a0 Conversely, the analyst has revealed that the next big rally for Dogecoin could be seen if the meme coin can close a monthly candle above $0.335 in the next 11 days. Kevin has stated that achieving this feat would be a significant milestone, marking Dogecoin’s highest monthly candle close of all time.\u00a0\u00a0\u00a0\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":632627,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[167,6664,26263,14690,1785,89174,85675,7,1803,1804,79599,79600],"class_list":["post-654023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nAnalyst Confirms Dogecoin Price Test Of 0.786 Fibonacci Level, What 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Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Analyst Confirms Dogecoin Price Test Of 0.786 Fibonacci Level, What Happens Next?","url":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-test-of-0-786\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-test-of-0-786\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Dogecoin.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Dogecoin.jpeg?fit=1792%2C1024"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","doge","doge news","doge price","dogecoin","dogecoin news","dogecoin price","dogeusd","dogeusdt"],"dateCreated":"2024-11-21T03:00:25Z","datePublished":"2024-11-21T03:00:25Z","dateModified":"2024-11-21T03:00:25Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analyst Confirms Dogecoin Price Test Of 0.786 Fibonacci Level, What Happens Next?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-price-test-of-0-786\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-price-test-of-0-786\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Dogecoin.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Dogecoin.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"doge\",\"doge news\",\"doge price\",\"dogecoin\",\"dogecoin news\",\"dogecoin price\",\"dogeusd\",\"dogeusdt\"],\"dateCreated\":\"2024-11-21T03:00:25Z\",\"datePublished\":\"2024-11-21T03:00:25Z\",\"dateModified\":\"2024-11-21T03:00:25Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Dogecoin.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/654023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=654023"}],"version-history":[{"count":1,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/654023\/revisions"}],"predecessor-version":[{"id":654056,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/654023\/revisions\/654056"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/632627"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=654023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=654023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=654023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}