Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Dogecoins near-term uptrend may be running on fumes, with crypto analyst Kevin (Kev Capital TA) warning that a breakdown is already in motion and that the memecoins bull case now hinges on a thin band of support around $0.20. In a late-August 25 livestream, Kevin argued that DOGEs structure has deteriorated into a classic post-rally trap while its fate remains tethered to Bitcoins next move.
This charts not really in control of its own destiny. Its going to follow what Bitcoin and ETH do, mainly Bitcoin, he said, adding that the setup turning heads on his screen was a symmetrical triangle pattern which is not bullish after an up move. Its bearish. Its typically [going to] break down, a process he said appeared to be underway during the stream.
The levels, in his view, are now brutally simple. On the top side, the major level remains the same, with the golden-pocket resistance still parked at $0.285$0.261. That band has capped impulse attempts since Q1 and, alongside higher Fibonacci checkpoints0.703 at ~$0.329 and 0.786 at ~$0.413defines the ceiling that bulls have repeatedly failed to clear with authority.
On the downside, Kevin marked $0.195$0.189 as a major support zone, aligning the 0.5 Fib around ~$0.189 with DOGEs trend MAs. Youre even in support right now via the 100 EMA and daily 200 EMA, he noted, while pointing to the 200-day SMA near ~$0.198 and a rising channel that has seen multiple taps to the high and the low.
Lose that $0.19$0.20 cluster, he warned, and the path of least resistance shifts quickly lower: If Dogecoin loses that, very likely [its] coming back down to the trend line anywhere from 16 cents, with deeper legacy supports around $0.147, $0.137, and the $0.14$0.127 zone described as the big big support.
In other words, the crash risk Kevin is flagging is less about sensational downside targets and more about the mechanical nature of DOGEs structure if $0.19 gives way: a vacuum to the channel base near $0.16 first, then prior demand shelves if momentum accelerates.
Context matters, and Kevin stressed that DOGE beta is overwhelmingly macro-driven inside crypto. When Bitcoin rallies while Bitcoin dominance falls, DOGE can ripDogecoin had a phenomenal day on a recent Friday, he said, citing a roughly 1112% surge when BTC rose ~3.5% and dominance slid more than 0.7%. But if ETH is outperforming and its in ETH season, youre not going to get massive Dogecoin performance, he cautioned, explaining much of DOGEs relative lethargy while Ethereum-linked majors and ETH-beta names have led flows for months.
Kevins tactical roadmap is therefore stark. First, respect the $0.195$0.189 shelf as the line between a controlled pullback and a disorderly trendline test. Second, accept that the upside will likely remain capped beneath $0.285$0.261 until Bitcoin resolves higher and dominance sustainably bleeds. Third, avoid the classic liquidity trap of buying emotional spikes into resistance. Dont buy altcoins at the highs, he said. Allocate into ones that are at major support, and do it in small, risk-aware increments rather than overextending into weakness.
The analysts bottom line for Dogecoin is blunt and time-sensitive. The post-rally triangle has already begun to fracture; the $0.19$0.20 belt is the lifeline. Hold it and DOGE can stabilize inside its rising channel while it waits for a friendlier Bitcoin-led tape. Lose it, and a crash in Kevins definitionan accelerated move toward ~$0.16 and, if pressure persists, the mid-teens support stackis the next chapter.
At press time, DOGE traded at $0.21.