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Dogecoin (CRYPTO: DOGE) dropped 5% on Monday as Shiba Inu (CRYPTO: SHIB) fell only 0.5% thanks to a massive burn spike cushioning SHIB’s decline.
DOGE Retesting 0.5 Fibonacci Support
Dogecoin pulled back to $0.1039, retesting the 0.5 Fibonacci level at $0.1037 which has acted as a pivot zone for weeks.
Price tagged the 0.786 Fib at $0.1173 last week before sellers defended, and now it’s unwinding back to the midpoint.
Four FVGs stacked above between $0.1200–$0.1450 are the destination, created during February’s aggressive sell-off and left unfilled.
The ascending channel from March lows remains intact, with the 20 EMA at $0.1081 and 50 EMA at $0.1038 converging right at current price as dynamic …
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