In his latest livestream, crypto chartist Kevin drilled down on Dogecoin\u2019s price action, stressing both caution and optimism for the popular meme coin. Speaking to his YouTube audience, Kevin acknowledged Dogecoin\u2019s history of dramatic price swings yet underlined that critical technical levels could spark the next substantial move.<\/p>\n
Kevin noted<\/a> Dogecoin\u2019s pattern of large retracements followed by new highs in previous bull markets. \u201cLook at these moves, right? Every single pullback that Dogecoin got in the previous bull market\u201456%, 57%, 53%\u2014all led to new highs,\u201d he said, emphasizing the coin\u2019s cyclical nature.<\/p>\n He also compared Dogecoin\u2019s pullbacks from 2022 onward to what happened in its earlier cycles<\/a>: \u201cIn this bull market so far, Dogecoin had a 65% correction, now it\u2019s had a 58% correction. We\u2019re doing the same thing that we\u2019ve always done.\u201d<\/p>\n Despite Dogecoin\u2019s tendency to rebound, Kevin underscored specific threshold levels that need to be recaptured. \u201cDoge 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,\u201d he explained. From his perspective, \u201cIf 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] \u2026 that $0.48-level, and then probably head higher from there.\u201d<\/p>\n When asked about Dogecoin\u2019s current outlook, Kevin cautioned that market conditions\u2014and particularly Bitcoin\u2019s performance\u2014would have the final say. \u201cDogecoin is not going to drive the market; it\u2019s going to go where Bitcoin\u2019s going.\u201d If Bitcoin remains sideways or dips further, Dogecoin could stall below that $0.30 barrier.<\/p>\n His broader thesis is that the crypto market at large, including Dogecoin, is paused in a state of anticipation. Kevin believes key policy changes\u2014such as an end to quantitative tightening (QT)<\/a>, improved inflation data, or interest-rate cuts\u2014could 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.<\/p>\n \u201cNothing\u2019s changed on Doge [\u2026] 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,\u201d Kevin added. Nonetheless, he stressed this could change abruptly if overall market sentiment improves and Bitcoin begins to rally.<\/p>\n