Related Reading: Dogecoin Warning: One Level Could Trigger A Surge, Says Analyst Overlaid on the channel are extensive Fibonacci levels derived from Dogecoin’s long‐term price history.The 0.786 Fib retracement—commonly viewed as a make‐or‐break support in deeper corrections—seems to align near $0.1978, very close to the $0.19 level Martinez highlighted.Below $0.19, the chart shows few immediate technical cushions until roughly $0.13, which is aligning with the lower part of the multi‐year ascending channel.Beneath that, the $0.06 price point emerges as the most prominent downside target, potentially matching a key historical congestion area and aligning with the lower part of the multi‐year ascending channel.
In a post on X on Tuesday, crypto analyst Ali Martinez (@ali_charts) shared a long‐term Dogecoin (DOGE) price chart highlighting a critical support level that, if lost, could open the door for a steep correction.Martinez pinpointed $0.19 as the line in the sand.
Related Reading: Dogecoin Price Confirming Final Retest, Here Are The Levels To Watch For A Bullish Breakout The chart also shows higher Fib extension levels such as 1.272 (around $4.10), 1.414 (around $10.04), and 1.618 (around $36.32).
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