If this happens, they sell all the dog coins, Crypto analysts say

Crypto Analyst Charting Guy (@ChartingGuy) has issued a warning letter to DogeCoin. His statement arrives when Dogecoin (Doge) is trading around $0.20. TradingView’s sharing weekly chart shows a sudden -14.94% weekly change.

When do you sell Dogecoin?

In the attached chart, a series of important Fibonacci retracements run from 0.0 to 1.618 for around $4.13. Notable lines include 0.382 FIB around $0.1397, 0.50 fib $0.1997 (close to current prices), 0.618 FIB near $0.2677, 0.702 FIB around $0.33, 0.786 FIB around $0.43, and 1.0 FIB near $0.76.

Charting Guy emphasizes that Doge “is back and hits 0.702 or 0.786 FIB in the coming months and can’t break it.” He added that his personal papers are looking for major tops in late April or early May, regardless of whether the price reaches $0.30, $0.40 or even $1.00.

“Yes, this will disable my bullish dogge chart, but I was going to sell it, whether it’s $0.30 or $1 in late April,” said Charting Guy. He also highlights the “keyrow” that could potentially land in March 2026, repeating “can’t make up for it.”

Related readings

Part of this analysis involves a potential repetition of what Tony “The Bull” Severino (@tonythebullbtc) calls the “XRP 2021 Fractal.” Here, XRP is largely in range and could not push new all-time highs at certain cycle stages.

According to Severino, “Dogecoin continues to follow the XRP 2021 Fractal.” He was originally similar to last October, warning that Doge could “draw XRP this cycle,” showing how XRP was traded almost sideways at similar points in the market cycle.

However, analyst Sun (@Sunfire1126) disagrees, and he claims that Dogecoin’s move doesn’t particularly mimic XRP. Sun says “most coins have made this move so far,” citing other altcoins such as ADA and HBAR.

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The man on the chart replied that he was “open to the idea that it would break,” but was equally open to “another rejection.” If the price fails by late April at $0.33 (0.702 FIB) or $0.43 (0.786 FIB), he confirms his plans to withdraw from the market.

When one user suggested that he was completely bearish, the charter revealed:

The tone change from the man on the charts is particularly noteworthy as he was big and bullish on Doge just two months ago. In early January, he highlighted the wick to $0.26 (0.618 FIB).

At the time, he believed Doge would avoid revisiting the zone and “finally ready” for the next leg. However, since then, Doge has stalled below $0.30, leaning towards Fibonacci’s hurdles ($0.33 and $0.43) as a determinant of whether or not he will finish his position by late April or early May.

At the time of pressing, Doge traded for $0.20.

Featured images created with dall.e, charts on tradingview.com