Dogecoin (CRYPTO: DOGE) has slipped nearly 20% over the past month, but analysts say the meme coin is now approaching one of its strongest higher-time-frame support zones.
What Happened: Prominent analyst Kevin noted in his exclusive Patreon that DOGE is entering a major confluence zone between $0.138–$0.108, a 22% range filled with multiple long-term support signals:
- The macro 0.382 Fibonacci retracement
- The 200-week SMA
- The 12-day 200 SMA/EMA
- Long-term downtrend support from the previous cycle
- The Oct. 10 wick low
If price …
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