Dogecoin Chart ‘Appears to be like Excellent’: Analyst Targets $1.10–$1.25 Zone

Crypto analyst Kevin (@Kev_Capital_TA) has delivered a strongly bullish outlook for Dogecoin in his newest video replace, describing the meme-turned-macro asset’s present construction as one of the vital compelling setups throughout all the altcoin market. “Dogecoin has one of many nicest charts, if not the nicest altcoin chart in all of altcoins,” Kevin mentioned. “Subsequent to XRP and ETH, Dogecoin bought an exquisite chart.”

Dogecoin’s Sample Mirrors Final Bull Run

In a wide-ranging technical review overlaying Bitcoin, Ethereum, and macro developments, Kevin devoted a major part of his evaluation to Dogecoin, highlighting an rising sample of upper lows, clear breakouts, and bullish divergences that mirror earlier accumulation phases. In keeping with him, Dogecoin is displaying what he referred to as “excellent worth construction”—a uncommon high quality amongst altcoins.

“You get this backside, you get the double backside, you get the bullish divergence. Bang,” he mentioned whereas showcasing current worth motion and evaluating it to prior cycles. “Then once more—you get the underside, the double backside, the bullish divergence. Bang. That is actually the identical factor once more.”

Associated Studying

Kevin’s view is constructed on robust historic confluence and Fibonacci retracement zones. He famous that Dogecoin’s last major bull cycle noticed the token high out at exactly the 1.618 to 1.703 Fibonacci extension vary. By replicating the identical fib construction from the newest backside, Kevin recognized an identical goal vary between $1.10 and $1.25, calling it a “actual deal worth goal” slightly than clickbait.

“Might $1.10 to $1.25 be the following goal for Doge?” he requested. “I believe if we are able to replicate a transfer like we did again in November—which we are able to, and if something, we are able to do manner higher—then completely. That’s the zone I’m watching.”

He additional emphasised that the golden pocket and the 1.703 fib extension mark an important resistance space, simply as they did in Dogecoin’s earlier cycle. “Keep in mind this,” Kevin mentioned. “You run your fib—growth—Dogecoin tops out proper on the golden pocket and the 1.703 fib. We’re seeing the identical factor lineup right here.”

Zooming out, Kevin positioned Dogecoin’s power within the broader context of a shifting crypto macro environment. Bitcoin dominance, he famous, is dropping sharply from the macro 0.786 Fibonacci degree—a transfer that sometimes permits altcoins like Dogecoin to catch a stronger bid. “We’re seeing precisely what we mentioned would occur. That’s: altcoins catching a bid. A very nice bid,” he remarked.

Associated Studying

The bullish sentiment extends past Dogecoin. Kevin famous that macroeconomic knowledge is supportive, with declining inflation, rising GDP, robust labor markets, and easing tariff fears contributing to renewed confidence throughout monetary markets. “Every thing appears to be lining up on the precise proper time,” he mentioned. “We’ve bought the macro on our facet, we’ve bought the technicals on our facet, and now even Dogecoin is flashing inexperienced.”

Nonetheless, he added a caveat of warning. “Within the quick time period, simply be a bit of cautious till we break the resistance we have to break,” Kevin mentioned, referencing the broader crypto market’s proximity to key Fibonacci and transferring common thresholds. “Deal with resistance as resistance—till it’s not.”

Nonetheless, Kevin concluded that Dogecoin’s present setup is as robust because it’s been in years. “That is simply excellent, excellent worth construction,” he reiterated. “When the market will get going, I believe this factor’s going to carry out massively.”

His closing message: if historical past rhymes, Dogecoin might be poised for a strong transfer to surpass the psychological $1 mark. At press time, DOGE traded at $0.242.

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