Fun

Dogecoin Is ‘All Going To Plan,’ Says Crypto Analyst

News Feed - 2025-03-26 07:03:37

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 How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer 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 has provided an update on Dogecoin’s price structure, highlighting how multiple technical elements have converged to support his thesis that the meme coin remains on track despite recent volatility. The chart, which he first shared two weeks ago, reveals a confluence of Fibonacci retracement levels, descending yellow macro trend lines, and the positioning of the 200-week SMA (Simple Moving Average) and EMA (Exponential Moving Average). Dogecoin Follows ‘The Plan’


According to Kevin, these converging signals have collectively allowed Dogecoin to perform a critical macro back test, a process that—if successful—can often transition a market from a corrective phase into a new, more bullish phase. “We still got work to do folks but so far it’s all going to plan for Dogecoin,” Kevin wrote today via X. Related Reading Dogecoin Is ‘Ready For The Next Big Move,’ Warns Analyst 1 day ago


Central to his view is the 0.5 Fibonacci retracement level around $0.15382, which Dogecoin is currently hovering near. Derived from the coin’s larger swing high, the 0.5 retracement typically denotes a point of equilibrium in a bigger market move. Dogecoin price analysis | Source: X @Kev_Capital_TA


This level also intersects with the yellow downward-sloping trend lines that have defined the macro resistance for Dogecoin since its earlier bull market peaks. The synergy between this retracement level and the trend line retest is a key reason Kevin believes the pullback remains orderly and “all going to plan.” Farther above, Dogecoin’s next Fibonacci milestone is the 0.236 level near $0.28013 (red horizontal band) that would likely need to be overcome for a more definitive uptrend to develop.


Below current trading ranges, the chart highlights a cluster of potential support levels, including the 0.618 Fibonacci marker around $0.11767 and the 0.65 retracement near $0.10924. Although there is no guarantee Dogecoin’s price will drop to these thresholds, Kevin notes that if further consolidation were to occur, the coin might find stability in that zone. Related Reading Dogecoin Breaks Above Bullish Daily Pattern – Analyst Sees A Surge To $0.43 10 hours ago


Additional deeper retracement points include the 0.786 level around $0.08035 and the 1.0 extension down near $0.04942—areas that, in previous cycles, provided meaningful bounces for tokens experiencing prolonged corrections.


Meanwhile, the weekly moving averages in blue on the chart, specifically the 200-week SMA and EMA, offer further context for longer-term sentiment. They are currently running just below Dogecoin’s spot price, forming another layer of support.


Kevin’s analysis also cites momentum data from the 3 Day RSI (Relative Strength Index), indicating that RSI readings have been near historically low levels for Dogecoin. Low RSI readings can sometimes suggest a market is oversold, which in turn raises the prospect of a relief rally or broader turnaround if other bullish catalysts emerge.


He referenced four focal points he first identified in a post two weeks prior: the retest of the macro 0.5 Fibonacci zone, the descending trend line confluence, the back test of the 200-week SMA and EMA, and the notably low RSI values. He further emphasized that Bitcoin’s overall resilience, along with the evolution of macroeconomic data and central bank monetary policy, could shape whether Dogecoin’s price can capitalize on these technical signals.


“If BTC holds up and Macro Economic Data and Monetary policy adjust then you just got your last opportunity to buy Dogecoin relatively cheap. A lot of factors at play and lots of work to do But the risk reward at this level is superb given the circumstances,” Kevin concluded twi weeks ago.


At press time, DOGE traded at $0.1885. DOGE price rises above the 0.786 Fib, 1-week chart | Source: DOGEUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

News Feed

Andrew Fenton8 hours agoStarknet’s Quantum Leap hits testnet with TPS reaching ‘triple figures’Starknet’s latest upgrade will scale the zk-Rollup’s throughput by 50x or more, but capacity is very different from
Stripe Brings Back Crypto Support After 4 Years — Says ‘Crypto Is Going Mainstream’
Stripe Brings Back Crypto Support After 4 Years — Says "Crypto Is Going Mainstream" Payment giant Stripe has brought back crypto support after it stopped processing bitcoin payme
Wormhole Adds Binance Smart Chain Support to Network Bridge
Wormhole Adds Binance Smart Chain Support to Network Bridge During the first week of September, the Wormhole Network’s ethereum ↔ solana bridge was introduced to the
Regulatory Arm of UAE Financial Centre Releases Defi Discussion Paper
Regulatory Arm of UAE Financial Centre Releases Defi Discussion Paper The regulatory arm of UAE’s financial centre, Abu Dhabi Global Market (ADGM), has released a discussion
Financial Guru Dave Ramsey Says Crypto Is ‘Fun,’ Here to Stay, Can Be Part of Portfolios
Financial Guru Dave Ramsey Says Crypto Is "Fun," Here to Stay, Can Be Part of Portfolios Financial guru Dave Ramsey says crypto is “fun” and can be a small part of in
The World Economic Forum Is Worried About Safety in the Metaverse
The World Economic Forum Is Worried About Safety in the Metaverse The World Economic Forum (WEF), one of the most influential international institutions, has expressed its worries
Car Manufacturer Maruti Suzuki Launches Metaverse Showroom Experience in India
Car Manufacturer Maruti Suzuki Launches Metaverse Showroom Experience in India Maruti Suzuki, one of the biggest car manufacturers in India, has announced that it is taking its cus
Bitcoin’s dominance ‘likely peaked’ as altcoins ’start to wake up’ — Analyst
Ciaran Lyons3 hours agoBitcoin’s dominance ‘likely peaked’ as altcoins ’start to wake up’ — AnalystBitcoin’s dominance in the crypto market is “now losing major support” and has potentially even “peak
Insurance Giant Tokio Marine to Offer Its Services in the Metaverse
Insurance Giant Tokio Marine to Offer Its Services in the Metaverse Tokio Marine, the biggest property/casualty insurance group in Japan, is taking its services and operations into
Withdrawals from real estate betting platform Parcl hit $74M after airdrop
Tom Mitchelhill2 hours agoWithdrawals from real estate betting platform Parcl hit $74M after airdropParcl users started pulling their funds from the protocol earlier this month after it said it took a snapshot for its re
Ezra Reguerra30 minutes agoMantle pauses token migration to stop FTX from converting $43M in BIT tokens to MNTA community member has argued that FTX"s BIT tokens should not be automatically converted because of disqualif
Justin Trudeau Slams Pierre Poilievre for Telling People They Can ‘Opt out’ of Inflation by Investing in Cryptocurrency
Justin Trudeau Slams Pierre Poilievre for Telling People They Can "Opt out" of Inflation by Investing in Cryptocurrency Canadian Prime Minister Justin Trudeau has slammed Pierre Po