@ImpossibleAnalysis

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DOGEUSDT
Short Entry 0.1388 2025-12-13 20:49 UTC
Target 0.1000 Fail 0.2200
Risk/Reward 1 : 0
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DOGEUSDT
Cryptocurrency
Technical
1H
Analysis Predict Bear Market
The analysis focuses on Dogecoin (DOGEUSDT), noting a sustained bearish trend over the past year, with the asset having declined since a peak around late 2024. Key support is identified at a price range established in early 2025. Historically, this support has initiated upward movements. However, a pattern of rallies failing to achieve new higher highs suggests a weakening of this floor, potentially leading to a breakdown. Fibonacci retracement from a major high in 2024 to a subsequent low indicates Dogecoin consistently failed to breach the 61.8% retracement level at 0.29. Utilizing a more recent swing high, the 61.8% retracement level is identified at 0.22. The analysis posits that the price remains in a bear market as long as it trades below 0.29 or, more critically, 0.22. A decisive break above 0.22 would signal a potential market bottom and the commencement of a significant bullish rally. Conversely, a rejection at the 0.22 level following an attempted rally would strongly reinforce the bearish outlook. Furthermore, a failure to surpass the 38.2% retracement level, approximately 0.19, is also cited as a bearish confirmation. The prevailing prediction is a continued downside movement, with a target around 0.10, aimed at filling a specific price wick created in October 2025, provided the price remains below 0.16 or 0.18.
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