Dogecoin Tests Key Resistance After 38.2% Fibonacci Bounce

2026-01-04 05:42:57

⬤ Dogecoin (DOGE) has climbed back toward a significant resistance zone after finding support at the 0.382 Fibonacci retracement level. This bounce preserves the possibility of a four-year cup and handle pattern forming on the monthly chart. DOGE is currently trading around $0.151 against USDT, just below the 0.5 Fibonacci level at $0.154.

⬤ The recent pullback took DOGE down to $0.118 at the 0.382 Fibonacci support before buyers stepped in. Since then, price has recovered toward the middle of the range, with a notable resistance cluster sitting just below the 0.618 Fibonacci area near $0.202. How DOGE behaves at this resistance will be crucial for traders tracking the larger technical structure.

⬤ The Fibonacci framework spans from around $0.05 at the bottom to roughly $0.48 at the top, reflecting the scale of previous price movements. While DOGE remains well below its past cycle peaks, the fact that it respected the 0.382 retracement suggests the longer-term pattern may still be developing as expected.

⬤ This matters because well-defined technical patterns often shape how traders and investors react at important price levels. Dogecoin’s response near current resistance could determine whether the market consolidates, pulls back further, or continues moving higher within the broader multi-year formation.

DOGE3,34%

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