{"id":671780,"date":"2025-01-07T19:30:38","date_gmt":"2025-01-07T19:30:38","guid":{"rendered":"https:\/\/uniquehot.com\/?p=671780"},"modified":"2025-01-07T07:13:04","modified_gmt":"2025-01-07T07:13:04","slug":"dogecoin-price-macro-0-5-fib","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-price-macro-0-5-fib\/","title":{"rendered":"Dogecoin Price Faces &#8216;Moment Of Truth&#8217; As It Battles The Macro 0.5 Fib Extension"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Dogecoin price <\/span><a href=\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-jumps-19-social-media-bearish-green-rally\/\"><span style=\"font-weight: 400\">is currently battling<\/span><\/a><span style=\"font-weight: 400\"> to break above the $0.4 price level again, but technical analysis suggests that might not be the only thing that the meme-inspired cryptocurrency is battling. According to technical analysis by crypto analyst Kevin (@Kev_Capital_TA), Dogecoin is currently locked in a <\/span><a href=\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-explodes-overnight-price-action-suggests-fresh-highs-above-0-50\/\"><span style=\"font-weight: 400\">battle with a key resistance level <\/span><\/a><span style=\"font-weight: 400\">defined by the macro 0.5 Fibonacci extension, which could determine whether the price can break through to higher levels above $0.4 or face renewed selling pressure.<\/span><\/p>\n<h2>Moment Of Truth At Macro 0.5 Fibonacci Extension Resistance<\/h2>\n<p><span style=\"font-weight: 400\">The Fibonacci extension indicator is a popular tool among technical analysts to identify price targets and resistance levels. In the case of Dogecoin, crypto analyst Kevin <\/span><a href=\"https:\/\/x.com\/Kev_Capital_TA\/status\/46586387\" rel=\"nofollow\"><span style=\"font-weight: 400\">made use of this<\/span><\/a><span style=\"font-weight: 400\"> Fibonacci extension projected from the cryptocurrency&#8217;s low of around $0.15 in the middle of October. For Dogecoin, the macro 0.5 Fib extension represents a significant barrier that has held back upward momentum.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-gaussian-channel\/\">Dogecoin Gaussian Channel Turns Green On The 4-Hour Chart, Why A New ATH Above $1 Is Imminent<\/a><\/div>\n<p><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This 0.5 Fib extension is also notable, considering that it is situated around an order block during Dogecoin&#8217;s most recent correction. Crypto analyst Kevin highlighted this resistance level as a &#8220;moment of truth,&#8221; emphasizing that a successful breach of this level is critical for DOGE to aim for the macro golden pocket.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Considering recent market dynamics, Dogecoin&#8217;s ability to overcome this resistance will likely hinge on broader market movements, <\/span><a href=\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-looks-undeniably-impulsive-doge-btc-ratio-uncovers-strong-accumulation\/\"><span style=\"font-weight: 400\">particularly on Bitcoin&#8217;s performance<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Dogecoin<\/a> is in an all out battle with the macro 0.5 Fib extension. This is big resistance and is the key to make it back up to the macro golden pocket. <a href=\"https:\/\/twitter.com\/hashtag\/DOGE?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#DOGE<\/a> success here is going to fully depend on <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#BTC<\/a> ability to breakout of its macro golden pocket. Moment of truth folks. <a href=\"https:\/\/t.co\/vWtfpVahv1\" rel=\"nofollow\">pic.twitter.com\/vWtfpVahv1<\/a><\/p>\n<p>\u2014 Kevin (@Kev_Capital_TA) <a href=\"https:\/\/twitter.com\/Kev_Capital_TA\/status\/46586387?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 6, 2025<\/a><\/p><\/blockquote>\n<h2>Bitcoin&#8217;s Role in Dogecoin&#8217;s Price Momentum<\/h2>\n<p><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-gains-momentum-approaching-the-100000-level\/\"><span style=\"font-weight: 400\">Bitcoin<\/span><\/a><span style=\"font-weight: 400\">, as the dominant cryptocurrency, mostly always sets the tone for the broader market, including other large market-cap altcoins like Dogecoin. Interestingly, Bitcoin&#8217;s inflows and its latest <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-gains-momentum-approaching-the-100000-level\/\"><span style=\"font-weight: 400\">break above the <\/span><\/a><span style=\"font-weight: 400\">$100,000 price level again in the past 24 hours have flowed into other cryptocurrencies.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-sets-bullish-flag-10\/\">XRP Price Sets Bullish Flag Continuation On The Daily Chart, Next Stop $10?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Kevin noted this correlation between Dogecoin and Bitcoin, highlighting that Dogecoin&#8217;s movement into its macro golden pocket will depend on Bitcoin&#8217;s ability to break out of its own macro golden pocket. If Bitcoin manages to break out of its golden pocket, it could provide the momentum needed for Dogecoin to conquer its 0.5 Fibonacci resistance. However, a failure by Bitcoin could leave Dogecoin vulnerable to further consolidation or even another retracement downwards.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The golden pocket refers to a specific range within the Fibonacci extension levels, typically the area between the 0.618 and 0.65 Fib extension levels. When referred to as a macro golden pocket, it indicates that the Fibonacci indicator is being applied to a larger time frame, such as weekly or monthly charts, and is on long-term price movements. <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-price-analysis-why-the-macro-golden-pocket-at-0-49-needs-to-be-broken\/#:~:text=The%20Macro%20Golden%20Pocket%20At%20%240.49%3A%20The%20First%20Barrier&amp;text=Kevin%20identified%20%240.49%20as%20the,sits%20around%20the%200.65%20Fib.\" rel=\"nofollow\"><span style=\"font-weight: 400\">In an earlier analysis<\/span><\/a><span style=\"font-weight: 400\">, Kevin identified $0.49 as the \u201cmacro golden pocket.\u201d Furthermore, he noted that this level is the first major resistance zone that Dogecoin <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/doge\/dogecoin-doge-strength-0-3880\/\"><span style=\"font-weight: 400\">bulls must push above<\/span><\/a><span style=\"font-weight: 400\"> for a bullish breakout.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, Dogecoin is trading at $0.39, up by 25.5% in the past seven days.<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/PgewEu7Z\/\" alt=\"Dogecoin price chart from Tradingview.com\" width=\"3286\" height=\"1518\"><figcaption class=\"wp-caption-text\">DOGE makes its way to $0.4 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Dogecoin price is currently battling to break above the $0.4 price level again, but technical analysis suggests that might not be the only thing that the meme-inspired cryptocurrency is battling. According to technical analysis by crypto analyst Kevin (@Kev_Capital_TA), Dogecoin is currently locked in a battle with a key resistance level defined by the macro 0.5 Fibonacci extension, which could determine whether the price can break through to higher levels above $0.4 or face renewed selling pressure. Moment Of Truth At Macro 0.5 Fibonacci Extension Resistance The Fibonacci extension indicator is a popular tool among technical analysts to identify price targets and resistance levels. In the case of Dogecoin, crypto analyst Kevin made use of this Fibonacci extension projected from the cryptocurrency&#8217;s low of around $0.15 in the middle of October. For Dogecoin, the macro 0.5 Fib extension represents a significant barrier that has held back upward momentum. Related Reading: Dogecoin Gaussian Channel Turns Green On The 4-Hour Chart, Why A New ATH Above $1 Is Imminent \u00a0 This 0.5 Fib extension is also notable, considering that it is situated around an order block during Dogecoin&#8217;s most recent correction. Crypto analyst Kevin highlighted this resistance level as a &#8220;moment of truth,&#8221; emphasizing that a successful breach of this level is critical for DOGE to aim for the macro golden pocket.\u00a0 Considering recent market dynamics, Dogecoin&#8217;s ability to overcome this resistance will likely hinge on broader market movements, particularly on Bitcoin&#8217;s performance. #Dogecoin is in an all out battle with the macro 0.5 Fib extension. This is big resistance and is the key to make it back up to the macro golden pocket. #DOGE success here is going to fully depend on #BTC ability to breakout of its macro golden pocket. Moment of truth folks. pic.twitter.com\/vWtfpVahv1 \u2014 Kevin (@Kev_Capital_TA) January 6, 2025 Bitcoin&#8217;s Role in Dogecoin&#8217;s Price Momentum Bitcoin, as the dominant cryptocurrency, mostly always sets the tone for the broader market, including other large market-cap altcoins like Dogecoin. Interestingly, Bitcoin&#8217;s inflows and its latest break above the $100,000 price level again in the past 24 hours have flowed into other cryptocurrencies.\u00a0 Related Reading: XRP Price Sets Bullish Flag Continuation On The Daily Chart, Next Stop $10? Kevin noted this correlation between Dogecoin and Bitcoin, highlighting that Dogecoin&#8217;s movement into its macro golden pocket will depend on Bitcoin&#8217;s ability to break out of its own macro golden pocket. If Bitcoin manages to break out of its golden pocket, it could provide the momentum needed for Dogecoin to conquer its 0.5 Fibonacci resistance. However, a failure by Bitcoin could leave Dogecoin vulnerable to further consolidation or even another retracement downwards. The golden pocket refers to a specific range within the Fibonacci extension levels, typically the area between the 0.618 and 0.65 Fib extension levels. When referred to as a macro golden pocket, it indicates that the Fibonacci indicator is being applied to a larger time frame, such as weekly or monthly charts, and is on long-term price movements. In an earlier analysis, Kevin identified $0.49 as the \u201cmacro golden pocket.\u201d Furthermore, he noted that this level is the first major resistance zone that Dogecoin bulls must push above for a bullish breakout. At the time of writing, Dogecoin is trading at $0.39, up by 25.5% in the past seven days. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":642745,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[167,6664,26263,14690,1785,89174,85675,7,1803,1804,79599,79600],"class_list":["post-671780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\n<title>Dogecoin Price Faces &#039;Moment Of Truth&#039; As It Battles The Macro 0.5 Fib Extension<\/title>\n<meta name=\"description\" content=\"The Dogecoin price is currently battling to break above the $0.4 price level again, but technical analysis shows some resistance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-price-macro-0-5-fib\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dogecoin Price Faces &#039;Moment Of Truth&#039; 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