- DOGE shows a classic accumulation fractal, suggesting potential for a major bullish move.
- XRP faces short-term pressure below key EMAs but maintains critical support near $1.86.
- Both cryptocurrencies are in structurally important zones, offering strategic entry points for patient traders.
Dogecoin (DOGE) appears to be entering a critical accumulation phase that mirrors past pre-bull run setups. Cryptollica’s recent analysis highlights a four-point fractal structure on the weekly chart, showing that the current price action aligns with previous periods where major rallies began.
Points 1 and 2 represent the “boredom phases,” characterized by low volatility and steady accumulation by smart money. These zones historically laid the groundwork for explosive gains, most notably the 2021 parabolic run.
Source: X
Currently, DOGE is sitting at Point 4, forming a strong, rounded bottom just like before. This is supported by the technical analysis indicators. The weekly chart shows that the RSI is about 32. This is a region where people usually start selling.
This means that the markets are entering the “Golden Pocket” region, where people can accumulate. This is supported by analysts such as Cryptollica. These markets indicate that there will be a strong impulsive move once the markets get enough momentum.
Also Read: Dogecoin (DOGE) Stabilizes at $0.10 Eyes Potential Rally Toward $0.16
Daily Chart Confirms Bearish Pressure
Although the overall look for the weekly chart seems to be bullish, the situation is entirely different when observed on the daily chart. Notice that since mid-October, the market has been in a downtrend and has breached all the major moving averages (20, 50, 100, and 200 EMA).
Source: Tradingview
At the moment, the DOGE/USD pair falls below the resistance levels created by the 20-day and 50-day moving averages, set between $0.136 and $0.152.
This bearish configuration is then validated by the presence of the 100-day and the 200-day moving averages above. Every minor rally so far has not had the potency to break above.
Dogeoin Consolidates Below Key 0.236 Fibonacci Level
The Fibonacci levels add more information in terms of price action. DOGE is currently in a period of consolidation just below the 0.236 level at around $0.150, indicating a slight rebound rather than a major turn in the trend. The first level of support would be at the 1.618 level at approximately $0.113-$0.115.
If the selling momentum indeed persists, the targets for liquidity purposes will be at the 2.618 level close to $0.088, followed by the 3.618 and 4.236 levels at $0.063 and $0.048.
Source: Tradingview
However, for any sort of genuine recovery, one would require a strong close above $0.152 along with re-capturing the $0.17-$0.19 region, where the 100-day and 200-day EMA levels intersect.
Also Read: Dogecoin (DOGE) Stabilizes at $0.10 Eyes Potential Rally Toward $0.16
