Analyst Claims Dogecoin Reaching $1 Is Definitely Possible This Cycle

Crypto analyst Kevin, known as @Kev_Capital_TA, has expressed a positive outlook for Dogecoin, asserting in a live discussion that reaching $1 is certainly achievable this cycle, contingent on favorable macro and market dynamics.

Kevin, who is gaining recognition in cryptocurrency technical analysis, elaborated on his perspective, emphasizing Dogecoin’s robustness against Bitcoin, along with its technical foundation as indicators of strength. “We have been accumulating at around 14 cents. The average cost is about 15 cents. If you joined me in that investment, well done, it looks promising,” he commented.

The Dream of $1 Dogecoin

He highlighted the breakout of Dogecoin from an inverse head-and-shoulders pattern, along with its current stable phase forming a potential bull flag, as technical evidence of increasing momentum—as long as Bitcoin performs well. “If Bitcoin continues to trend upward, then Dogecoin will also likely follow suit,” Kevin noted. “But a failure from Bitcoin will mean Dogecoin will struggle too.”

This relationship serves as the foundation of Kevin’s broader framework for evaluating altcoins, positioning Bitcoin’s overall structure and USDT dominance as central elements of serious analysis. “Focusing too much on individual altcoin analysis when Bitcoin dominance is around 64% can lead to inaccurate assessments,” he explained.

Nonetheless, Dogecoin maintains a unique position among altcoins. Kevin illustrated the strength of Dogecoin against Bitcoin as a significant differentiator: “Doge is faring much better compared to many other altcoins. Litecoin against Bitcoin is plummeting. Other tokens like UNI, AVAX, DOT, and LINK are also struggling. Dogecoin, however, continues to hold strong. That’s why I choose to invest in it.”

Regarding the $1 target, Kevin was straightforward, clarifying that it’s not solely reliant on technical charts. “It would be quite surprising if Dogecoin doesn’t reach a dollar—assuming Bitcoin rises,” he stated. “What’s needed is a sustained bullish trend, favorable monetary policies, and a healthy macroeconomic context.”

He criticized the overly simplistic analyses rampant in the crypto sphere, rejecting the notion that Dogecoin’s past performance guarantees future success. He stressed that understanding economic conditions, inflation, Federal Reserve actions, and liquidity availability is critical.

“We’re emerging from an unprecedented macroeconomic landscape,” he pointed out, referring to the Federal Reserve’s significant post-COVID tightening cycle and the uncertainties posed by new US trade tariffs. “Dogecoin has the potential to reach a dollar. However, would I claim we currently possess the ideal environment for this to be a highly probable scenario? I’d argue we’re on our way, but more is necessary.”

Kevin also minimized the potential impact of a Dogecoin ETF approval as a primary catalyst unless it coincides with a robust bull market. “If it occurs in a quiet period, it probably won’t have much effect,” he cautioned. “Timing is crucial in crypto.”

He concluded by emphasizing the disciplined approach he imparts to his followers. “Avoid merely looking at an altcoin chart and deducing, ‘This bull flag indicates we will reach 32 cents,’” he advised. “Pay attention to Bitcoin. Monitor USDT dominance. After that, analyze your pairing charts. Only then should you examine the Doge/USD chart.”

With a thorough technical framework, awareness of macroeconomic factors, and an evidence-based methodology, Kevin made it clear: Dogecoin’s ascent to $1 isn’t just wishful thinking—it’s a tangible potential, contingent on market conditions.

As of the latest update, DOGE was priced at $0.241.