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The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/dogecoin-tests-key-0-786-fibonacci-level-is-a-rally-ahead/" rel="noopener noreferrer nofollow">Dogecoin Tests Key $0.786 Fibonacci Level: Is a Rally Ahead?</a> appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.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.<h2 id="header-0">Dogecoin Price Targets 0.786 Fib Breakout</h2>Kevin, a Dogecoin analyst on X (formerly Twitter), has<a href="https://x.com/kev_capital_ta/status/1858939502728826891?s&#61;46" rel="noopener noreferrer nofollow"> shared</a> his analysis of the DOGE price action, highlighting a key resistance point that could catalyze the meme coin’s 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.Some of these analysts have also suggested that factors like Donald Trump‘s win in the U.S. Presidential election, Elon Musk’s 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.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<a href="https://x.com/kev_capital_ta/status/1858964060194435238?s&#61;46" rel="noopener noreferrer nofollow"> rejected</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.While the optimism for a Dogecoin price surge is high, Kevin has stated that unless the <a href="https://cryptosnewss.com/category/meme-coin/" rel="noopener noreferrer nofollow">meme coin</a> can break above this crucial resistance level “cleanly and violently,” there’s no reason for investors to expect any major price movement or get overly excited about a potential rally.The <a href="https://cryptosnewss.com/dogecoin-bullish-signals-large-transaction-volume-hits-23b/" rel="noopener noreferrer nofollow">Dogecoin</a> analyst also highlighted a critical resistance level for the Bitcoin price. Kevin has revealed that Bitcoin’s 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.<h2 id="header-1">Dogecoin Next Target: Monthly Close Above $0.335</h2>In another<a href="https://x.com/kev_capital_ta/status/1858981550110765348?s&#61;46" rel="noopener noreferrer nofollow"> X post</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 “nasty triple top” at the macro 0.786 Fib level.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.Conversely, the analyst has<a href="https://x.com/kev_capital_ta/status/1859071380991389886?s&#61;46" rel="noopener noreferrer nofollow"> revealed</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 monthly candle close of all time.The post <a href="https://cryptosnewss.com/dogecoin-tests-key-0-786-fibonacci-level-is-a-rally-ahead/" rel="noopener noreferrer nofollow">Dogecoin Tests Key $0.786 Fibonacci Level: Is a Rally Ahead?</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Dogecoin Tests Key $0.786 Fibonacci Level: Is a Rally Ahead?

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