{"id":60795,"date":"2025-04-21T11:00:49","date_gmt":"2025-04-21T11:00:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=60795"},"modified":"2025-04-21T11:00:49","modified_gmt":"2025-04-21T11:00:49","slug":"dogecoin-stalls-after-42-days-of-flat-price-action-is-a-breakdown-coming","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=60795","title":{"rendered":"Dogecoin Stalls After 42 Days Of Flat Price Action \u2014 Is A Breakdown Coming?"},"content":{"rendered":"

Dogecoin\u2019s chart has turned into what independent market analyst Kevin calls \u201cliterally doing nothing\u201d for almost a month and a half. In a broadcast<\/a> on X, the veteran technician recounted that the memecoin\u2019s last decisive move was a sharp sell\u2011off more than six weeks ago; since then price has compressed into a narrow band, threatening to lose the structural support it reclaimed at the end of March.<\/p>\n

Dogecoin Momentum Still Weak<\/h2>\n

Kevin has been monitoring the same horizontal levels for \u201cweeks.\u201d The upper bound of the range is the post\u2011bear\u2011market breakout retest around $0.156, while the key Fibonacci retracement \u201cmacro 0.382\u201d sits lower at $0.138 \u2014 a zone he has repeatedly described as his \u201cline in the sand.\u201d Only a weekly candle close beneath that level would convince him that the rally that began in late 2023 has fully broken down. \u201cIf Dogecoin breaks $0.138 on weekly closes, then it\u2019s probably over,\u201d he cautioned.<\/p>\n

Momentum signals are failing to provide early confirmation either way. Commenting on the much\u2011watched 3-day MACD, Kevin pushed back against social\u2011media claims that a bullish cross is already in play. \u201cPeople don\u2019t know how to read this indicator properly,\u201d he said. \u201cTechnically, yes, by definition it\u2019s a cross, but it\u2019s really not a cross [\u2026] You have to have expansion of the moving averages in order to have a confirmed cross.\u201d Without that expansion, he warned, the fledgling uptick in the histogram could \u201ceasily just roll right over.\u201d<\/p>\n

With spot price inertia now stretching to 42 days, risk\u2011reward has compressed as well. Kevin frames the decision tree in stark terms: hold the $0.156\u2013$0.138 congestion and Dogecoin keeps its constructive medium\u2011term structure; lose it and traders must look down to the psychological $0.10 shelf. Even there, he sees only the possibility of a counter\u2011trend bounce toward $0.25\u20130.26.<\/p>\n

The broader-market backdrop offers little immediate relief. Using Bitcoin as a leading indicator, Kevin reminds viewers that the entire complex remains in what he calls a \u201cmajor correctional phase,\u201d triggered when the three\u2011day MACD crossed down in January 2025. Historical study of Bitcoin\u2019s macro pullbacks<\/a> suggests they persist \u201canywhere from 114 to 174 days,\u201d he noted.<\/p>\n

\u201cThey operate the same way no matter what the economic circumstances are. They last anywhere from 114 to 174 [days]. Every single time whether it\u2019s a bear market<\/a> [or] bull market. Bad news, good news doesn\u2019t matter. They always last the same amount of time. 174 days being the longest in history, 114 days being the average of every correct major correctional period in history,\u201d Kevin explained.<\/p>\n

Should Bitcoin fail to defend $70,000, he argues, odds of a fresh all\u2011time high in the short run would be quite low. \u201cIf Bitcoin breaks $70,000 and goes into the $60,000\u2019s, we\u2019re gonna get a huge bounce out of there. You get a huge countertrend rally. Everything will look rosy again, but the chances are that it makes a new high very slim. Same goes for Dogecoin. If dogecoin comes down to this $0.10 level and it gets a bounce, maybe it comes like a big counter trend rally back up to like $0.25 or $0.26 and then it just rolls over and that\u2019s the end,\u201d Kevin stated.<\/p>\n

For Dogecoin, therefore, the next decisive signal<\/a> is likely to be a hard break of the $0.156\u2013$0.138 corridor or a confirmed momentum resurgence on the higher\u2011time\u2011frame MACD \u2014 whichever comes first. Until then, the asset remains trapped in Kevin\u2019s words: \u201cWe\u2019ve done nothing\u2026 there\u2019s not much to talk about.\u201d<\/p>\n

At press time, DOGE traded at $0.1621.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin\u2019s chart has turned into what independent market analyst Kevin calls \u201cliterally doing nothing\u201d for almost a month and a half. In a broadcast on X, the veteran technician recounted that the memecoin\u2019s last decisive move was a sharp sell\u2011off more than six weeks ago; since then price has compressed into a narrow band, threatening […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-60795","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60795"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60795"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60795\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}