In his latest livestream, crypto chartist Kevin (@Kev_Capital_TA) drilled down on Dogecoins price action, stressing both caution and optimism for the popular meme coin. Speaking to his YouTube audience, Kevin acknowledged Dogecoins history of dramatic price swings yet underlined that critical technical levels could spark the next substantial move.
Kevin noted Dogecoins pattern of large retracements followed by new highs in previous bull markets. Look at these moves, right? Every single pullback that Dogecoin got in the previous bull market56%, 57%, 53%all led to new highs, he said, emphasizing the coins cyclical nature.
He also compared Dogecoins pullbacks from 2022 onward to what happened in its earlier cycles: In this bull market so far, Dogecoin had a 65% correction, now its had a 58% correction. Were doing the same thing that weve always done.
Despite Dogecoins tendency to rebound, Kevin underscored specific threshold levels that need to be recaptured. 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 is now 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 come back up to the macro 0.786 [Fibonacci level] that $0.48-level, and then probably head higher from there.
When asked about Dogecoins current outlook, Kevin cautioned that market conditionsand particularly Bitcoins performancewould have the final say. Dogecoin is not going to drive the market; its going to go where Bitcoins going. If Bitcoin remains sideways or dips further, Dogecoin could stall below that $0.30 barrier.
His broader thesis is that the crypto market at large, including Dogecoin, is paused in a state of anticipation. Kevin believes key policy changessuch as an end to quantitative tightening (QT), improved inflation data, or interest-rate cutscould serve as the catalyst for another altcoin rally. Because Dogecoin often closely tracks the general sentiment around Bitcoin and total market cap, broader macro shifts would likely dictate its trajectory.
Nothings changed on Doge [] at any time, it can come down and take this wick down at the $0.20 level. For now, the path of least resistance is down, Kevin added. Nonetheless, he stressed this could change abruptly if overall market sentiment improves and Bitcoin begins to rally.
Overall, Kevin stressed that broader market factorssuch as changes in US monetary policy or an overall jump in crypto market confidencecould flip the switch for Dogecoin. A strong macro tailwind, he believes, would likely pull DOGE decisively above $0.30, setting the stage for a run back toward $0.48.
At press time, DOGE traded at $0.232.