Dogecoin hovered near $0.20 on Friday, nursing a weekly gain of about 17 percent and a 24-hour trading volume above $2 billion as traders digested a late-June livestream by technical analyst Kevin, who argued that the meme-coin\u2019s structure \u201chas to be one of the best-looking altcoin charts out there.\u201d<\/p>\n
During the one-hour session<\/a> Kevin highlighted a textbook double-bottom that printed on Dogecoin\u2019s weekly chart exactly at the confluence of the 200-week simple and exponential moving averages, the 0.382 Fibonacci retracement of the 2023\u20132025 advance, and a long-term up-trend line dating back to the 2022 bear-market trough. Entering at that zone, he said, \u201cthe risk-reward here is phenomenal,\u201d noting that a tight stop just below the cluster implied limited downside while upside targets stretched toward the previous cycle\u2019s highs.<\/p>\n Kevin told viewers the weekly momentum profile supports a larger breakout. Money-flow on Market Cipher is curling higher for the first time in more than a year; the MACD is preparing to cross bullish from a higher low; and the stochastic RSI has turned up from mid-range. On the monthly chart, relative strength continues to print higher highs and higher lows, and the stock-RSI \u201cis hanging on, ready to push back up,\u201d he said, adding that the entire structure \u201clooks freakin\u2019 great\u201d for a sustained move once Bitcoin clears its own resistance band near $116,000.<\/p>\n His price map for the coming months begins with a purple resistance box between $0.94 and $1.31\u2014the 2021 peak plus the 1.618 extension of the 2022\u201324 base. \u201cI\u2019d be pretty shocked if Dogecoin can\u2019t at least tag 94 cents,\u201d Kevin said, stressing that a decisive break of a dollar would likely attract a new wave of retail traders and algorithmic trend-followers. He stopped short of offering an end-of-cycle target, but insisted \u201c$1 remains likely<\/a>,\u201d conditional on Bitcoin extending toward the $150,000 region and\u2014crucially\u2014on macro tail-winds such as an end to quantitative tightening by the Federal Reserve<\/a>.<\/p>\n Even so, Kevin warned against complacency. Dogecoin\u2019s intraday spike coincided with Bitcoin\u2019s test of a major Fib cluster at $116,000, while USDT dominance hit golden-pocket support\u2014levels that could spark a near-term cooldown. \u201cDon\u2019t be fooled by green candles,\u201d he said, reminding viewers that meme-coins \u201ccan get crushed even in bull markets\u201d and advising strict risk management: take partial profits after big thrusts, move stops to break-even, and \u201crinse and repeat.\u201d<\/p>\n Beyond pure chart work, Kevin framed Dogecoin as a perpetual beneficiary of retail psychology. \u201cYou can walk into any gas station and someone owns Doge,\u201d he quipped. \u201cIt\u2019s the retail darling\u2014it always will be\u2014especially when new money shows up with deeper pockets than last time.\u201d<\/p>\n For now, price action is validating that thesis. If the double-bottom holds and macro conditions align, the analyst argues, Dogecoin could once again headline the next alt-season\u2014this time with a dollar tag that traders in the last cycle<\/a> could only meme about.<\/p>\n At press time, DOGE traded at $0.1978.<\/p>","protected":false},"excerpt":{"rendered":" Dogecoin hovered near $0.20 on Friday, nursing a weekly gain of about 17 percent and a 24-hour trading volume above $2 billion as traders digested a late-June livestream by technical analyst Kevin, who argued that the meme-coin\u2019s structure \u201chas to be one of the best-looking altcoin charts out there.\u201d Dogecoin Double Bottom Could Trigger $1 […]<\/p>\n","protected":false},"author":0,"featured_media":80017,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-80016","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\/80016"}],"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=80016"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/80016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/80017"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}