Dogecoin Stuck At $0.20: Why Is It Not Moving?

Dogecoin (CRYPTO: DOGE) is clinging to the $0.20 level, with analysts pointing to upcoming macro events as potential catalysts for a breakout.

What Happened: Prominent analyst Kevin noted DOGE continues to defend the 0.5 Fibonacci retracement ($0.1904) and weekly 100 EMA, keeping its 7-month rising channel intact.

However, resistance at $0.208–$0.221 remains a hurdle, aligning with key moving averages and the bull market support band. A rejection there could push DOGE back to the lower channel boundary.

Kevin cautioned that liquidity across altcoins remains thin, reflecting consolidation …

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