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Dogecoin’s soft spring rally re-orders a perennial retail question: Can the world’s most famous meme coin break the $1 barrier before the current market rises to the exhaust port? In a 13-minute market update released on Sunday, independent strategist Kevin (called Kev Capital TA online) unambiguously “yes”, pointing to the fusion of long-term Fibonacci targets, momentum indicators and macro contexts, which he believes ultimately supports the support of high-protein Creta Crypto Assets.
Is $1 realistic for Dogecoin?
Kevin told his followers at the beginning of the video: “Can Dogecoin reach $1 in this cycle? The answer is yes, absolutely ok.” He believes that Dogecoin is now in its third major cycle and has historically risen to the 1.618 Fibonacci expansion on the monthly table. He noted that the extension is currently $3.80, “far higher than one dollar”, while he stressed that citing the level is “not a price call” but a way to constitute upward potential.
Related Readings
Kevin’s belief is based on a power meter, and in his reading, Dogecoin has hardly warmed up. On the monthly relative strength index, he traces an uptrend that has been intact since the lows of LUNA collapse in June 2022. “We had a monthly RSI of 75 at 75, which reached about 50 cents at 75,” he added, with the metric climbing at least 89.4 in previous cycles. “Look at how much space we have to go.” In his opinion, a new bullish crossover will confirm the move in the monthly random oscillator.
The analyst also linked Dogecoin’s prospects to what he described as a macro mix as an increasingly benign macro combination: expectations for the United States’ slowdown, slowdowns in quantitative tightening and increased global liquidity. He argued that the troops’ downturn in Bitcoin rule at 65.45% on the April 28 table created the conditions of the classic “Alt Seases”. He explained: “AltCoins is an oscillator for Bitcoin…Monetary policy is more economically easy to drive liquidity into the market.”
Key chart landmarks are still concerned. Kevin quoted a “perfect reverse head and stock” accumulation, with an average price of $0.15, now “up 65-70%” and set the sequential target at $0.48, with previous historical heights close to $0.74. Only the $1 level will be followed only when the liquidity trend continues to improve and “persistently” breaks. He concluded: “In fact, if we keep seeing the path to mitigating monetary policy…we can definitely see Dogecoin at one dollar by the end of this year.”
Related Readings
Skeptics may promote Dogecoin’s 2021 Spike with social media Fervor and Elon Musk’s “Saturday Night Live” appearance, a one-off event; Kevin countered that the same Pi-cycle moving average double companion nailed to the previous top was “far from the crossover,” meaning heading back before the bubble returns, headroom. The shorter yellow average, he said, “until Dogecoin reaches 40 to 41 cents, it won’t even start at a higher speed,” even in the moving forward market, today’s price is conceptually 145% between $1.
Although Kevin admits that “we are making money here, we are not attached here.” He eases expectations for parabolic targets on social media. He told viewers that they were urging to see it as an ambitious but data-driven milestone, rather than a guarantee.
As Dogecoin hovers over the $0.25 price at press time, the meme coin will require four times the gathering to mark the psychologically valid dollar mark.
Featured Images created with dall.e, Charts for TradingView.com
