In his latest livestream, crypto chartist Kevin delved into Dogecoin’s price action, highlighting both caution and optimism for the popular meme coin. Addressing his YouTube audience, Kevin acknowledged Dogecoin’s history of dramatic price swings while emphasizing that critical technical levels could pave the way for the next substantial move.
When Will Dogecoin’s Next Big Move Be?
Kevin noted Dogecoin’s pattern of large retracements followed by new highs in previous bull markets. “Look at these moves, right? Every single pullback that Dogecoin encountered in the previous bull market—56%, 57%, 53%—all led to new highs,” he asserted, emphasizing the coin’s cyclical nature.
Further, he compared Dogecoin’s pullbacks from 2022 onward to those in its earlier cycles: “In this bull market so far, Dogecoin experienced a 65% correction, followed by a 58% correction. We’re doing the same thing that we’ve always done.”
Despite Dogecoin’s historical ability to rebound, Kevin underscored specific threshold levels that require recapturing. “Doge has a mission to accomplish, and that is to get back above the macro golden pocket and the weekly bull market support band, which currently stands at $0.30,” he explained. From his perspective, “If Dogecoin starts closing weekly candles above $0.30, I have no doubt in my mind that we will return to the macro 0.786 [Fibonacci level] … that $0.48 level, and then likely head higher from there.”
When questioned about Dogecoin’s current outlook, Kevin advised caution, noting that market conditions—particularly Bitcoin’s performance—would ultimately dictate Dogecoin’s trajectory. “Dogecoin will not drive the market; it will follow Bitcoin’s lead.” If Bitcoin remains stagnant or experiences further dips, Dogecoin may struggle to break above the $0.30 barrier.
Kevin’s broader analysis suggests that the crypto market, including Dogecoin, is paused in a state of anticipation. He speculates that key policy changes—such as the conclusion of quantitative tightening (QT), improvements in inflation data, or interest-rate cuts—could act as a catalyst for another altcoin rally. Given that Dogecoin often aligns closely with the general sentiment surrounding Bitcoin and total market cap, broader macroeconomic shifts would likely influence its direction.
“Nothing has changed with Doge […] at any moment, it could drop, touching the $0.20 level. For now, the path of least resistance is downward,” Kevin commented. Nevertheless, he highlighted that this could change rapidly if overall market sentiment were to improve and Bitcoin began to rally.
In conclusion, Kevin emphasized that broader market factors—such as shifts in US monetary policy or an overall surge in crypto market confidence—could potentially “flip the switch” for Dogecoin. He believes that if a strong macro tailwind emerges, it could enable DOGE to decisively surpass the $0.30 mark, setting the stage for a renewed march toward $0.48.
At press time, DOGE was trading at $0.232.
