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Crypto analyst Kevin (@KeV_Capital_TA) showed a strong opinion in his latest video update, expressing a strong opinion on Dogecoin, describing the current structure of the memes to MaCro Asset being one of the most compelling settings in the entire Altcoin market. “Dogecoin has one of the best charts, if not one of the best Altcoin charts in all Altcoins,” Kevin said. “Next to XRP and ETH, Dogecoin got a nice chart.”
Dogecoin’s patterned mirror last bull run
In an extensive technical review covering Bitcoin, Ethereum, and macro trends, Kevin devoted a large portion of his analysis specifically to Dogecoin, highlighting emerging models in higher lows, clean breakouts and bullish previous accumulation phases. According to him, Dogecoin is showing what he calls the “perfect price structure”, a rare quality of altcoin.
He said: “You get this bottom, you get double bottom, you get bullish divergence. “Say again – you get bottom, double bottom, bullish divergence. explode. This is actually the same thing. ”
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Kevin’s perspective is based on strong historical convergence and Fibonacci backtracking areas. He noted that Dogecoin’s last major bull cycle will have a symbolic top that just hits 1.618 to 1.703 Fibonacci extension range. By copying the same FIB structure from the nearest bottom, Kevin identified a similar target range between $1.10 and $1.25, calling it a “real trading price target” rather than Click -Bait.
“Can $1.10 to $1.25 be Doge’s next target?” he asked. “I think if we could copy a move like November – we could, if there were, we could do better.
He further emphasized that the gold sleeves and the fiber expansion of 1.703 mark a critical area of resistance, just like in the previous cycle of Dogecoin. “Remember that,” Kevin said. “You run the fiber-Boom-dogecoin on top of both the top of the golden mouth and the 1.703 Fib. We’ve seen the same lineup here.”
Zoom in, Kevin places Dogecoin’s power in a broader context of a changing crypto macro environment. He noted that Bitcoin’s advantage dropped sharply from the macro 0.786 Fibonacci level – a move that usually allows altcoins like Dogecoin to capture stronger bids. “We saw exactly what we said would happen. That is: Altcoins captures bids. It’s a very good bid,” he said.
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Bullish sentiment goes beyond domycin. Kevin noted that macroeconomic data has support, falling inflation, growth in GDP, a strong labor market and ease of tariffs will help reconcile confidence in the financial market. “Everything seems to be lined up at the right time,” he said. “We have the macro, we have the technology, and even Dogecoin flashes green.”
Despite this, he was cautious. “In the short term, be cautious until we break the resistance that needs to be broken,” Kevin said. Kevin said the wider cryptocurrency market is close to the critical Fibonacci and moving average thresholds. “Think of resistance as resistance until it is not.”
Still, Kevin concluded that Dogecoin’s current setup is as powerful as it has been for years. “It’s just a perfect, perfect price structure,” he reiterated. “When the market moves forward, I think this thing will do well.”
His final message is: If history rhymes, Dogecoin may take a powerful move over the psychological $1 score. At press time, Doge traded at $0.242.
Featured Images created with dall.e, Charts for TradingView.com
