Binance News: Dogecoin at a Crucial Juncture After Testing Key Technical Levels

Dogecoin At Make-Or-Break Point After Multi-Year Trendline Test

Dogecoin (DOGE) closed last week on a bullish note after testing critical technical levels. The weekly chart on Binance (DOGE/USDT) shows Doge trading just above the significant 0.786 Fibonacci retracement level at $0.167, drawn from the all-time low at $0.0805 to the peak of $0.4844. A notable technical development is the interaction with a descending trendline extending from the May 2021 all-time high, which DOGE retested as support after breaking above it in November 2024. Last week’s candle printed a Hammer-like formation, characterized by a small real body NEAR the top of the range and a significantly longer lower shadow.

Binance Coin (BNB) Price Prediction for March 19

In the last 24 hours, the price of BNB has been under strong bearish pressure, failing to hold above $640. Buyers aim for an upward correction as the price moves toward support channels. Trading volume has dropped by 14.12% to $2 billion. Since the crash on February 3, BNB has faced increasing downward volatility but is now recovering with a bullish rally. Its market cap has dropped by 2.5% to $87.95 billion. Additionally, BNB faces $1.5 million worth of liquidation, with sellers actively blocking attempts to rise.