Dogecoin bounces from Fibonacci retracement zones, maintaining a bullish trend with higher highs and consistent accumulation points.
Breakout patterns from descending channels drive Dogecoin's rallies, peaking at $0.90 after maintaining cyclical support levels.
Respecting $0.20648 as support, Dogecoin shows technical strength and breakout efficiency, enabling sustained upward momentum.
Dogecoin has displayed consistent bullish behavior, bouncing from Fibonacci retracement zones of 0.382–0.5 in its recent price movements. Meanwhile, breakout patterns from descending channels on weekly charts align with these bullish reactions, pointing to a robust upward trend.
Fibonacci Zones as Strong Demand Areas
Source: Trader Tardigrade
As we can see from the post above, bullish analyst Trader Tardigrade has detailed Dogecoin’s respect for key Fibonacci retracement levels. According to Tardigrade, Dogecoin retraced to the 0.382–0.5 zone during three major corrections, triggering upward movements. These zones consistently acted as strong demand areas, enabling higher highs and higher lows to form.
The first retracement occurred between $0.14844 (0.382) and $0.14564 (0.5) after an impulse move from $0.13001 to $0.16089. The analyst also pointed out that Dogecoin rebounded sharply from this zone, forming a fresh high. The second correction followed a rally to $0.19305, with the retracement falling between $0.18061 and $0.17031, again resulting in a higher local top.
The most recent retracement occurred after a swing high of $0.25952, returning to a zone between $0.21973 and $0.20648. The analyst noted that Heikin Ashi candles displayed minimal wicks during these breakouts, indicating strong trending behavior. Each Fib zone consistently aligned with visible buying pressure, validating them as recurring accumulation points.
Descending Channels and Breakout Cycles
Besides Fibonacci retracement levels, Trader Tardigrade has also analyzed Dogecoin’s breakout patterns from descending channels over two years. This analysis reveals three distinct channels on weekly charts, each followed by significant bullish rallies.
The first channel lasted from July to November 2023, with Dogecoin breaking out and rallying into early 2024. The second channel occurred from January to April 2024, resulting in a price surge that peaked near $0.22. The most recent channel spanned October 2024 to April 2025, culminating in an explosive breakout to $0.90 in May 2025.
The analyst noted that every breakout followed extended periods of declining weekly candles, compressing prices before sharp upward moves. Post-breakout gains consistently created stair-step growth patterns, with each rally exceeding the previous one in magnitude. The May 2025 breakout exhibited the strongest vertical acceleration, reinforcing Dogecoin’s cyclical bullish structure.
Tardigrade emphasized the importance of maintaining support near $0.20648 to sustain the current bullish trend. His insights underline Dogecoin’s adherence to technical structures, presenting opportunities for traders to capitalize on recurring patterns. By respecting Fibonacci retracement zones and maintaining breakout efficiency, Dogecoin continues to show a strong technical foundation for sustained growth.
The post Dogecoin’s Fibonacci Zones Signal Bullish Continuation: $0.90 in Sight After Strong Breakouts appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
