Dogecoin Chart ‘Looks Perfect’: Analyst Targets $1.10–$1.25 Zone
By: bitcoin ethereum news|2025/05/14 19:15:05
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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Crypto analyst Kevin (@Kev_Capital_TA) has delivered a strongly bullish outlook for Dogecoin in his latest video update, describing the meme-turned-macro asset’s current structure as one of the most compelling setups across the entire altcoin market. “Dogecoin has one of the nicest charts, if not the nicest altcoin chart in all of altcoins,” Kevin said. “Next to XRP and ETH, Dogecoin got a beautiful chart.” Dogecoin’s Pattern Mirrors Last Bull Run In a wide-ranging technical review covering Bitcoin, Ethereum, and macro trends, Kevin dedicated a significant section of his analysis to Dogecoin, highlighting an emerging pattern of higher lows, clean breakouts, and bullish divergences that mirror previous accumulation phases. According to him, Dogecoin is displaying what he called “perfect price structure”—a rare quality among altcoins. “You get this bottom, you get the double bottom, you get the bullish divergence. Bang,” he said while showcasing recent price action and comparing it to prior cycles. “Then again—you get the bottom, the double bottom, the bullish divergence. Bang. This is literally the same thing all over again.” Related Reading Kevin’s view is built on strong historical confluence and Fibonacci retracement zones. He noted that Dogecoin’s last major bull cycle saw the token top out at precisely the 1.618 to 1.703 Fibonacci extension range. By replicating the same fib structure from the most recent bottom, Kevin identified a similar target range between $1.10 and $1.25, calling it a “real deal price target” rather than clickbait. “Could $1.10 to $1.25 be the next target for Doge?” he asked. “I think if we can replicate a move like we did back in November—which we can, and if anything, we can do way better—then absolutely. That’s the zone I’m watching.” He further emphasized that the golden pocket and the 1.703 fib extension mark a crucial resistance area, just as they did in Dogecoin’s previous cycle. “Remember this,” Kevin said. “You run your fib—boom—Dogecoin tops out right at the golden pocket and the 1.703 fib. We’re seeing the same thing lineup here.” Zooming out, Kevin placed Dogecoin’s strength in the broader context of a shifting crypto macro environment. Bitcoin dominance, he noted, is dropping sharply from the macro 0.786 Fibonacci level—a move that typically allows altcoins like Dogecoin to catch a stronger bid. “We are seeing exactly what we said would happen. That is: altcoins catching a bid. A really nice bid,” he remarked. Related Reading The bullish sentiment extends beyond Dogecoin. Kevin noted that macroeconomic data is supportive, with declining inflation, rising GDP, strong labor markets, and easing tariff fears contributing to renewed confidence across financial markets. “Everything seems to be lining up at the exact right time,” he said. “We’ve got the macro on our side, we’ve got the technicals on our side, and now even Dogecoin is flashing green.” Still, he added a caveat of caution. “In the short term, just be a little cautious until we break the resistance we need to break,” Kevin said, referencing the broader crypto market’s proximity to key Fibonacci and moving average thresholds. “Treat resistance as resistance—until it’s not.” Nonetheless, Kevin concluded that Dogecoin’s current setup is as strong as it’s been in years. “This is just perfect, perfect price structure,” he reiterated. “When the market gets going, I think this thing’s going to perform massively.” His final message: if history rhymes, Dogecoin could be poised for a powerful move to surpass the psychological $1 mark. At press time, DOGE traded at $0.242. Featured image created with DALL.E, chart from TradingView.com Source: https://www.newsbtc.com/news/dogecoin/dogecoin-chart-perfect-analyst-target-1-10-1-25-zone/
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