Crypto Analyst Forecasts Dogecoin Targeting $1.80 During Summer Surge

The monthly chart for Dogecoin has started to reflect the rhythmic, momentum-driven patterns that typically precede its historical surges, as noted by market analyst Kevin, recognized as @Kev_Capital_TA on X.

In a recent update from May 1, 2025, Kevin highlighted that DOGE closed the previous month at $0.1795, marking a 4.2% increase while maintaining two critical support levels he refers to as “the line in the sand”: the 0.382 Fibonacci retracement level from the 2019-2021 rally at $0.1383 and the upper limit of a 34-month falling wedge beginning from the peak in May 2021.

“DOGE maintained the macro .382 and the macro down-trending support I labeled as the line in the sand, which I also suggested was an excellent risk-reward situation,” Kevin communicated with his followers. “The monthly SuperTrend has not yet surged vertically in this cycle, and the monthly RSI is at levels comparable to when DOGE traded at 11 cents, suggesting ample room for upward movement. Disregard the short-term fluctuations—the path is clear, and it’s time to proceed.”

What is the Potential High for Dogecoin?

His analysis indicates three wedge-shaped consolidations, each concluding with a vertical increase that reached a 1.618 Fibonacci extension. The current wedge, defined by parallel yellow trend lines from the 2021 peak, experienced an upward breakout in November 2024, reaching $0.48, and is presently being retested from above. Kevin emphasizes that the “macro down-trending support” has consistently acted as reliable support, sustaining a positive price structure.

Further Insights

Horizontal liquidity zones, marked in violet, cluster at $1.25–$1.35 and $2.40–$2.60, identifying the initial possible distribution areas in the new cycle. Above the uppermost band lies Kevin’s ultimate Fibonacci target, a 1.618 extension at $3.94. In response to a follower’s inquiry about whether his targets remain valid, Kevin replied: “It seems I previously stated that $3.90 is improbable and $1.80 is also a stretch, depending on Bitcoin’s performance. Not exactly target-setting—merely an observation that if BTC surges significantly, DOGE will likely follow.”

The momentum indicators support his optimistic outlook. The 14-period monthly Relative Strength Index, smoothed with a moving average, stands at 51.3—nearly identical to the reading observed in December 2020 when DOGE was priced at eleven cents. Previous cycle peaks, highlighted in orange circles on Kevin’s chart, all pierced above the 90-point mark, suggesting a significant potential for upward movement. The SuperTrend indicator has turned positive but has “not yet surged vertically,” a state Kevin interprets as a sign of latent rather than spent momentum.

Further Insights

Additional analyses corroborate this viewpoint: the long-term MACD recorded its first positive histogram bar since 2021 in February and continues to rise, while the Stochastic RSI is positioned at 6.4 / 14.5, edging toward oversold conditions—a setup that has historically preceded every significant parabolic move once the indicator crosses above 20.

Kevin integrates his technical analysis within a broader macro context. “All the data I have—through technical analysis and macroeconomic factors—suggests we might find a sustainable peak in BTC dominance during the May-July timeframe,” he detailed in a different discussion. “This is the first time in years I feel this way, but I believe that monetary policy will soon align with the charts, which is what I’ve been anticipating.” He pointed out recent inflation figures:

Another dip in inflation, down to 1.35% on Truflation. Analysts expect four rate cuts for the remainder of the year, and quantitative tightening is likely to conclude… A clear path is emerging for the latter half of the year for both BTC and alternative coins.”

At the time of this report, DOGE was trading at $0.179.

Featured image generated using DALL.E, chart from TradingView.com