dogecoin:native — H4 Fibonacci Update ❇️ DOGE has retraced back to the 0.618 Fibonacci level, currently near $0.0813. This is a technically significant support zone and the market is reacting around it so far. However, one touch does not confirm a durable bottom. Multiple tests of the 0.618 level remain possible as price searches for acceptance. The key is how DOGE behaves on each retest: 🔸 Holding above $0.0813: support remains valid. 🔸 Reclaiming $0.0865: improves short-term structure. 🔸 A decisive H4 close below $0.0813: increases the risk of a deeper retracement. Repeated tests can either build a stronger base or weaken support through absorption. For now, the 0.618 level is the line bulls need to defend. #Fibonacci #Crypto #TechnicalAnalysis
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