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Crypto Analyst Charting Guy (@Chartguy) has given a warning remark about Dogecoin, which suggests that he will sell the meme coin if certain Fibonacci retracement levels will not break in the coming months. His statement arrives at a time when Dogecoin (doge) trades around $ 0.20, according to the shared weekly graph on TradingView, with a steep -weekly change of –14.94%.
When to sell Dogecoin?
In the attached graph, a series of important Fibonacci racements runs from 0.0 to 1,618 by around $ 4.13. Remarkable lines include the 0.382 FIB around $ 0.1397, the 0.50 FIB just above $ 0.1997 (near the current price), the 0.618 FIB near $ 0.2677, the 0.702 FIB around $ 0.33, the 0.786 FIB around $ 0.43.
Charting man stress The fact that if doge “returns and the 0.702 or 0.786 FIB will be returned in the coming months and cannot break it”, he plans to “sell majority, if not the entire bags.” He adds that his personal position asks for a big summit at the end of April or early May, regardless of whether the prices reach $ 0.30, $ 0.40 or even $ 1.00.
“Yes, this makes my bullish doge -hit lists invalid, but I started selling if it is $ 0.30 or $ 1 at the end of April,” noted Charting Guy. He also emphasizes an “important layer” that may land in March 2026, which repeats that he “can’t come up with that”.
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Part of this analysis includes a potential repetition of what Tony “The Bull” Severino (@OtythebullbtC) refers if the “XRP 2021 fractal”, in which XRP remained largely reach and did not succeed in pushing new all time during the specific cycle phase.
According to Severino, “Dogecoin continues to follow the XRP 2021 Fractal.” He originally drew parallels in October in October and warned that DOGE ‘An XRP could’ draw this cycle ‘, which shows how XRP almost raced almost sideways at a similar point in his market cycle.
However, Analyst Sun (@Sunfire1126) does not agree, with the argument that the Dogecoin movement does not specifically imitate XRP. SUN notes that “most coins have done this movement so far” and other altcoins such as Ada and Hbar, both of which have stopped around 0.618 Fibonacci Retracement or lower
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Charting Guy replied that he “remains open to the idea that it is breaking higher” just open to “a different rejection”. If the price fails at $ 0.33 (0.702 FIB) or $ 0.43 (0.786 FIB) at the end of April, he confirms his plan to leave the market.
When a user suggested that he had become downright Bearish and clarified the carter: “No, if you have learned to read, I plan to sell at the end of April or this scenario takes place and it will only be $ 0.30/$ 0.40, or that my bullish scenarios play and it is a higher high.”
The shift in tone of mapping man is especially remarkable, because he remained largely bullish on doge only two months ago. At the beginning of January he emphasized a wick to $ 0.26 – the 0.618 FIB – to expect it an ideal buying option.
At the time, he believed that Doge would prevent him from visiting that zone again and “finally ready” for the next leg, with $ 1 as a “minimum goal” and $ 4 as the highest. Since then, however, DOGE has blocked less than $ 0.30 and Guy now leans on Fibonacci, $ 0.33 and $ 0.43 – as the decisive factors about whether he will leave his position by the end of April or the beginning of May.
At the time of the press, Doge traded at $ 0.20.
Featured image made with dall.e, graph of tradingview.com