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Dogecoin To $1 Is ‘Absolutely’ On The Table This Cycle, Says Analyst

News Feed - 2025-05-23 12:05:09

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Crypto analyst Kevin (@Kev_Capital_TA) reaffirmed his bullish outlook for Dogecoin, stating in a live stream that a surge to $1 is “absolutely” possible this cycle—provided a critical set of macro and market conditions fall into place.


Kevin, a rising voice in crypto technical analysis, outlined his thesis in detail, highlighting Dogecoin’s resilience against Bitcoin and its technical structure as key signals of strength. “We were accumulating a spot position in the Patreon at 14 cents. I think the average is 15—right at 15 cents even,” he said. “Congratulations if you got into that play with me. Looking really, really nice.” The $1 Dogecoin Dream


He pointed to Dogecoin’s breakout from an inverse head-and-shoulders pattern and its current consolidation within a potential bull flag as technical proof that momentum is building—if Bitcoin cooperates. “If Bitcoin continues to break higher, then this will break higher,” Kev noted. “If Bitcoin fails, then this will not break higher. It will fail.” Dogecoin price analysis | Source: @Kev_Capital_TA


That correlation underpins Kev’s broader framework for altcoin evaluation, which puts Bitcoin’s macro structure and USDT dominance at the center of any serious analysis. “You don’t really want to be doing too much individual TA on altcoins when Bitcoin dominance is at 64%. You’re not going to get very accurate TA,” he said.


Still, Dogecoin stands apart from the altcoin pack. Kev showed Doge/BTC strength as a key differentiator: “Doge versus BTC is holding up much better than a lot of other altcoins. Litecoin versus Bitcoin? Dying. UNI, AVAX, DOT, LINK—all dying. Doge is still holding up. That’s why I own it. That’s my baby right there.”


As for the $1 price target, Kev didn’t mince words, but made it clear it’s not just about charts. “It actually would be pretty shocking if it didn’t hit a dollar—again, contingent on Bitcoin heading higher,” he said. “But you need a sustained bull run. You need good monetary policy. You need a good macroeconomic environment.”


Kev criticized the simplistic analysis plaguing the crypto space, pushing back on the idea that Dogecoin will moon just because “this happened last cycle.” Instead, he emphasized the importance of understanding economic conditions, inflation trends, Federal Reserve policy, and liquidity access.


“We’re coming out of a macro environment the likes we’ve never seen before,” he said, referencing the Fed’s historic post-COVIDtightening cycle and the uncertainty introduced by new US trade tariffs. “Dogecoin can hit a dollar. However, would I say that we have the exact environment we want to say that’s a highly probable scenario? I’d say we’re getting there—but we need more.”


He also downplayed the idea that a potential Dogecoin ETF approval would be a decisive catalyst, unless it happens during a full-blown bull market. “If it happens and everything’s quiet… it probably won’t do its thing,” he warned. “Crypto’s about timing.”


In closing, Kev reiterated the disciplined mindset he teaches his community. “Don’t just pull up an altcoin chart and say, ‘Well, this bull flag says we’re going to 32 cents,’” he said. “Watch Bitcoin. Watch USDT dominance. Then look at your pairing charts. Only then should you touch the Doge/USD chart.”


With a deeply technical roadmap, macroeconomic awareness, and a data-driven approach, Kev made one thing clear: Dogecoin’s path to $1 isn’t hopium—it’s a real possibility, if the market allows it.


At press time, DOGE traded at $0.241. DOGE breaks out, 1-day chart | Source: DOGEUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

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