Analyst Sees Ideal Dogecoin Trend: Aiming for Price Range of $1.10 to $1.25

Crypto expert Kevin (@Kev_Capital_TA) has shared an optimistic forecast for Dogecoin in his recent video update, marking its current trend as one of the most promising setups within the altcoin landscape. He remarked, “Dogecoin features one of the most appealing charts, potentially the top altcoin chart overall.”

Dogecoin’s Formation Resembles the Previous Bull Market

In a comprehensive technical analysis that included Bitcoin, Ethereum, and macroeconomic trends, Kevin dedicated a substantial portion to Dogecoin. He pointed out an emerging trend characterized by higher lows, clean breakouts, and bullish divergences that reflect former accumulation stages. He described Dogecoin as having what he termed a “perfect price structure”—a rare phenomenon among altcoins.

“You see this bottom, followed by a double bottom, and a bullish divergence. Bang,” he noted while analyzing recent price movements and comparing them to past cycles. “Then, once more—you hit the bottom, double bottom, and bullish divergence. Bang. It’s literally the same pattern repeating.”

Further Insights

Kevin’s analysis is supported by significant historical correlations and Fibonacci retracement levels. He pointed out that during Dogecoin’s last notable bull cycle, the token peaked precisely within the 1.618 to 1.703 Fibonacci extension range. By applying the same Fibonacci structure from the latest low, he identified a comparable target range of $1.10 to $1.25, labeling it a “legitimate pricing target” rather than mere clickbait.

“Could the next target for Dogecoin be in the $1.10 to $1.25 range?” he questioned. “If we can replicate a move like what occurred back in November—which we can, and potentially even outperform it—then definitely. That’s the area I’m monitoring.”

He further highlighted that the golden pocket and the 1.703 Fibonacci extension represent vital resistance levels, echoing their role in Dogecoin’s previous cycle. “Remember this,” Kevin emphasized. “If you plot your Fibonacci—boom—Dogecoin peaks right at the golden pocket and the 1.703 Fibonacci level. We are witnessing the same alignment now.”

Taking a broader view, Kevin placed Dogecoin’s strength within the context of a changing cryptocurrency macro environment. He observed that Bitcoin’s dominance is sharply declining from the macro 0.786 Fibonacci level, a shift that often enables altcoins like Dogecoin to gain traction. “We are seeing exactly what we predicted. That is: altcoins gaining momentum. A really strong momentum,” he commented.

Further Insights

The optimistic sentiment extends not only to Dogecoin. Kevin pointed out that favorable macroeconomic indicators, including declining inflation, increasing GDP, robust employment, and easing tariff anxieties, are revitalizing confidence in financial markets. “Everything appears to be aligning perfectly right now,” he remarked. “We have macro trends supporting us, favorable technicals, and now Dogecoin is showing promising signs.”

However, he urged caution. “In the near term, just exercise a bit of caution until we break the resistance we need to overcome,” Kevin advised, referencing the overall cryptocurrency market’s position near critical Fibonacci and moving average levels. “Consider resistance as resistance—until it’s not.”

Despite this, Kevin reaffirmed that Dogecoin’s current conditions are stronger than they have been in years. “This represents a truly perfect price structure,” he reiterated. “Once the market starts moving, I believe this will perform significantly.”

His final point: if historical patterns hold true, Dogecoin might be on the verge of a significant upswing, potentially surpassing the $1 psychological barrier. At the time of reporting, DOGE was valued at $0.242.

Featured image created with DALL.E, chart from TradingView.com