Dogecoin is once again at a technical crossroads, flashing a rare confluence of bullish indicators\u2014but one wrong move could unravel the setup entirely. In his June 24 video analysis, crypto strategist Kevin (@Kev_Capital_TA) outlined why Dogecoin\u2019s recent bounce from the $0.14 region may mark the beginning of a new uptrend\u2014or the last gasp before breakdown.<\/p>\n
\u201cWe\u2019re hitting a very, very key level, folks,\u201d Kevin stressed<\/a>. \u201cThat being the weekly 200 SMA, the weekly 200 EMA, and again that macro 0.382 Fib.\u201d The confluence of these levels between $0.143 and $0.127 marks what he calls a \u201cmake-or-break zone,\u201d and Dogecoin is currently sitting right in the middle of it.<\/p>\n The analyst previously entered a swing long position at $0.141, highlighting the area as a strong risk-reward trade zone. \u201cWorst comes to worst, you could throw your stop loss below that level\u2026 but the upside is great,\u201d he said. Since then, DOGE has bounced about 6\u20137%, but the real test lies ahead.<\/p>\n Kevin noted that this level has acted as structural support since the end of the 2022\u20132023 bear market. The macro 0.382 Fibonacci retracement, drawn from Dogecoin\u2019s full bull run top to its bear market bottom, aligns with long-standing trendlines and a weekly demand candle. \u201cThis is your zone,\u201d he emphasized. \u201cMark this off on your charts.\u201d<\/p>\n Yet despite the recent bounce, Dogecoin remains beneath all its major daily and 4-hour moving averages. The next critical resistance stands at $0.19. \u201cIf you can reclaim $0.19 on Dogecoin, you then break back into this range\u2014the $0.19 to $0.26 range,\u201d Kevin explained, calling it the key to any continuation higher. Until then, he cautions against assuming a full reversal is underway: \u201cLet\u2019s not get too crazy here\u2026 still a lot of work to do.\u201d<\/p>\n The RSI also tells a story. Kevin pointed out that Dogecoin\u2019s weekly RSI has repeatedly bounced off the 38 level throughout the current bull cycle. The coin now hovers just above that zone once again. \u201cAnything below 38 on this weekly RSI is going to be a breakdown of that $0.143 to $0.127 range, which would be very, very sketchy at that point,\u201d he warned.<\/p>\n Momentum indicators<\/a> on multiple time frames are sending mixed signals. The daily chart is flashing oversold conditions, and Kevin\u2019s custom indicator lit up with a buy signal. On the 3-day timeframe, market cipher\u2019s momentum wave is \u201ckind of trying to clip\u201d upward, while money flow is beginning to tick slightly higher. \u201cThat three-day candle was very nice,\u201d he added. \u201cThat\u2019s the kind you want to see\u2014strong demand candles at major support.\u201d<\/p>\n Still, Kevin urged caution. \u201cIf that doesn\u2019t work out and we start to head lower, the daily time frame doesn\u2019t produce the buy signal, doesn\u2019t produce much upside, we start to roll over\u2014then you know your Dogecoin support<\/a>.\u201d<\/p>\n On the DOGE\/BTC pair, Kevin noted that Dogecoin has returned to an \u201corange zone\u201d he previously highlighted as critical support. The strength of that zone may determine whether DOGE can hold relative strength against Bitcoin\u2014or continue to bleed lower as BTC dominance increases. \u201cDoge will follow Bitcoin at the end of the day,\u201d he reiterated. \u201cAnyone not doing their Dogecoin analysis in tandem with Bitcoin and USDT dominance<\/a>\u2014be suspect of that analysis.\u201d<\/p>\n Kevin concluded with a warning rooted in experience. \u201cI\u2019ve been in this game a long time. The first move out of these patterns\u2026 sometimes it\u2019s the wrong move. It traps people.\u201d While a reversal may be underway, confirmation is everything\u2014and the climb above $0.19 remains the gatekeeper. For now, Dogecoin teeters on the edge. The signals are there\u2014but so is the risk.<\/p>\n At press time, DOGE traded at $0.166.<\/p>","protected":false},"excerpt":{"rendered":" Dogecoin is once again at a technical crossroads, flashing a rare confluence of bullish indicators\u2014but one wrong move could unravel the setup entirely. In his June 24 video analysis, crypto strategist Kevin (@Kev_Capital_TA) outlined why Dogecoin\u2019s recent bounce from the $0.14 region may mark the beginning of a new uptrend\u2014or the last gasp before breakdown. […]<\/p>\n","protected":false},"author":0,"featured_media":76000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75999"}],"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=75999"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/76000"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}DOGE\/BTC Remains The Focus<\/h2>\n