Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Dogecoin Follows The Blueprint: Analyst Highlights Perfect Technical Execution

Share This Post

Dogecoin’s price action continues to honor the technical “blueprint” laid out by crypto analyst Kevin (@Kev_Capital_TA), who reaffirmed on Sunday that his strategic roadmap from March 22 remains intact. The weekly chart reveals an extended descending channel drawn with multiple yellow trend lines that originated in 2021 and constricted price action throughout 2022.

Within that formation, the most critical horizontal threshold appears to be $0.139, labeled on the chart as the “Last line in the sand” and described by Kevin as essential for preserving bullish market structure. He notes that maintaining durable weekly closes above this zone is paramount for further upside, while a decisive break beneath $0.139 would nullify the bullish thesis.

Dogecoin price analysis

Dogecoin Follows The Blueprint

Dogecoin’s retracement from highs near $0.45 earlier this year has so far been contained by a confluence of support channels and Fibonacci retracement levels. According to Kevin’s chart, the primary Fib levels span from roughly $0.049 at the lower bound (0% Fib) to around $2.268 at the 1.414 extension.

Closer inspection shows intermediate Fibonacci markers at $0.090 (0.236), $0.138 (0.382), $0.190 (0.50), $0.262 (0.618), $0.413 (0.786), $0.542 (0.88), $0.738 (1.0), $0.934 (1.0866), and $1.543 (1.272). Since the price is hovering near $0.16–$0.17 at press time, Dogecoin has remained above the 0.382 retracement near $0.138, reinforcing Kevin’s argument that the risk-reward ratio at this level appears “absolutely phenomenal.”

Kevin’s March 22 update describes the confluence of several higher time frame indicators, including the Weekly Stochastic RSI, the 3-Day MACD, and the 2-Week Stochastic RSI, all of which he sees nearing full resets. He cites the previous weekly demand candle, which formed just above $0.139, as a key sign that buyers are stepping in to defend what he calls “the Last line of bull market support.”

The Weekly Stoch RSI on his chart is already situated at low levels, while the 3-Day MACD and 2-Week Stoch RSI appear roughly a month away from bottoming out. According to Kevin, these technical resets should serve as a springboard for Dogecoin’s next significant upward move, provided that Bitcoin, which he believes must hold above $70K in his scenario, remains stable enough to support broader market strength.

On Sunday, Kevin reminded his audience that this strategy, first made public on March 22, is going “exactly according to plan,” given Dogecoin’s confirmed bounce around the $0.139 region and the ongoing drift toward oversold conditions in multiple momentum gauges. He disclosed that his Patreon trading portfolio holds an average entry at $0.15 for this swing and noted that a swift rejection of sub-$0.139 weekly closes, coupled with the bullish stance of the higher time frame indicators, corroborates his confidence in Dogecoin’s recovery potential.

While he acknowledges that “lots of work” still needs to be done for Dogecoin to reclaim loftier levels near the 0.618 Fib around $0.262 or even the 0.786 Fib at $0.413, Kevin maintains that his initial thesis stands as long as the meme-inspired asset preserves its foothold above $0.139. For him, the risk of a breakdown is well-defined if the pivotal support gives way, but should the level persist, he sees the upside potential extending far beyond the current range. As of now, Dogecoin’s price continues to cling to that all-important line in the sand, keeping Kevin’s bullish blueprint very much alive.

At press time, DOGE traded at $0.16493.

Dogecoin price

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Analyst: Cardano To $10 In 2025? These 5 Catalysts Could Ignite ADA

Cardano staking pool operator (SPO) Sssebi (@Av_Sebastian) has ignited a debate by asserting that Cardano’s ADA could reach double-digit territory this year In a thread that began, “These are the

Ethereum Price Gains Momentum as Lightchain AI Unlocks Infinite AI Possibilities

This content is provided by a sponsor The world of cryptocurrency and blockchain is buzzing, and for good reason With Ethereum prices climbing and momentum building in the decentralized space, one

Nimanode Ignites XRP Ecosystem with $NMA Presale, Eyes 10X Growth Post-Launch

The post Nimanode Ignites XRP Ecosystem with $NMA Presale, Eyes 10X Growth Post-Launch appeared first on Coinpedia Fintech News Nimanode, the first no-code AI agent platform built natively on the XRP

Bitcoin Price Watch: Consolidation Deepens Below Key Resistance

Bitcoin is trading at $105,332 today with a market capitalization of $209 trillion and a 24-hour trade volume of $4212 billion The price range over the past 24 hours has fluctuated between $105,042

Fresh Capital Keeps Pouring Into Bitcoin – Matching 2021 Bull Market Inflows

Bitcoin has seen a modest 5% retracement over the past few days after reaching a new all-time high of $112,000 Despite the pullback, the market remains firmly in bullish territory, with BTC holding

By betting against James Wynn, this trader made $17 million in under a week

A crypto trader has quietly earned over $17 million by consistently betting against one of Hyperliquid’s most-watched figures, James Wynn, whose high-risk strategy backfired with nearly $100
You have not selected any currencies to display