In a recent broadcast on X, independent market analyst Kevin (@Kev_Capital_TA) tackled the perennial question that emerges every time the crypto market enters a bullish cycle: can Dogecoin realistically climb to the psychologically significant level of $3 per coin?
From the onset, Kevin shied away from offering the kind of sensational price targets that often captivate social media feeds. “Can it? Yeah, it can,” he acknowledged, but quickly adopted a cautionary tone that would guide the rest of the discussion: “It’s really hard to say. I know that the popular thing to do, and it’ll probably get me more clicks and more engagement, is to create altcoin price prediction videos, but the reality is I don’t want to do that because it’s impossible to do.”
How Dogecoin Could Reach $3
Kevin grounded his argument in macroeconomic fundamentals rather than speculative chart patterns. He indicated that if the Federal Reserve executes the dual rate cuts he anticipates in June and July—”there’s definitely rate cuts coming,” he asserted—and if this monetary easing propels Bitcoin into the $220,000 to $250,000 range, then he believes that “Doge can get to there.”
By “there,” Kevin referred not just to a return to Dogecoin’s all-time high of approximately $0.74 in 2021, but potentially to a Fibonacci extension level frequently referenced by technical traders. “Dogecoin has hit in both cycles the 1.618 fib. The 1.618 fib is at $3.94,” he reminded listeners, emphasizing that this level has historically been hit 100% of the time during past bull markets.
However, the analyst was equally firm that a more subdued rally in Bitcoin—hovering around the $120,000 to $130,000 mark amid cautious monetary easing—would likely limit Dogecoin’s price to past highs or around $1. “Alt-coins are oscillators to Bitcoin and to monetary policy,” he insisted, adding that any price forecasts detached from macro conditions are “fake answers.”
For those looking to time their exits strategically, Kevin advised adopting a sentiment-driven framework rather than fixating on fixed price points. “When sentiment enters a euphoric stage and indicators on higher time frames are super overheated, you need to be taking profits.” He referenced December 2024, when he reportedly trimmed his holdings at $0.40, as a valuable lesson in disciplined risk management.
When asked if a price of $3 would defy historical trends, Kevin leaned on the concept of pattern repetition instead of probability. “To deny that it can happen would be stupid,” he said, while reiterating that the market will ultimately determine the outcome. “My philosophy… is you track it as it comes.”
The Federal Open Market Committee’s upcoming meeting on June 12 could serve as the initial empirical test of the rate-cut hypothesis that underpins the bullish outlook for Dogecoin. Until then, traders eyeing a dramatic surge in Dogecoin may find themselves less anchored to specific price targets and more tuned into the shifting dynamics of monetary policy, Bitcoin dominance, and retail sentiment—the trifecta that Kevin argues will dictate if Dogecoin can leap from cents to dollars.
At the time of writing, DOGE was trading at $0.17993.
