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The Dogecoin month-to-month chart has begun to echo the rhythmic, momentum-laden constructions that prefaced every of the meme-coin’s historic breakouts, based on unbiased market technician Kevin, higher identified on X as @Kev_Capital_TA.
In a contemporary publication dated 1 Could 2025, Kevin notes that DOGE closed the April candle at $0.1795, up 4.2%, whereas defending two structural pillars he calls “the line in the sand”: the 0.382 Fibonacci retracement of the complete 2019-2021 advance at $0.1383 and the higher boundary of a 34-month falling wedge that originates on the Could-2021 peak.
“DOGE held the macro .382 and the macro down-trending help that I labelled as the road within the sand and likewise said was an exceptional risk-reward alternative,” Kevin wrote to his followers. “Month-to-month SuperTrend has not but gone vertical on this cycle and the month-to-month RSI is on the identical degree it was at when DOGE was at 11 cents, with a ton of room to run to the upside. Ignore the short-term noise—the pathway is laid and it’s time to begin happening it.”
How Excessive Can Dogecoin Worth Go?
His chart reveals three wedge-shaped consolidations, every resolved by a vertical enlargement that topped precisely at a 1.618 Fibonacci extension. The present wedge—drawn with parallel yellow trend-lines from the 2021 excessive—broke to the upside in November 2024, tagged $0.48, and is now being retested from above. Kevin stresses that “macro down-trending help” has to date responded as textbook help and subsequently retains the worth construction constructive.
Associated Studying
Horizontal liquidity bands, shaded in violet, cluster at $1.25–$1.35 and $2.40–$2.60, marking the primary potential distribution zones of the brand new cycle. Immediately above the best of these bands sits Kevin’s final Fibonacci projection, a 1.618 extension at $3.94. When a follower requested whether or not his targets nonetheless stand, Kevin replied: “Appears to be like like I mentioned $3.90 is unlikely and $1.80 is a stretch additionally however attainable relying on how excessive BTC goes. Probably not target-setting—simply appears to be like like I mentioned if BTC goes actually excessive then DOGE will too.”
Momentum gauges lend weight to his bullish narrative. The 14-period month-to-month Relative Power Index, smoothed by a shifting common, rests at 51.3—just about an identical to the studying seen in December 2020 when DOGE was buying and selling at eleven cents. Earlier cycle peaks, highlighted with orange circles on Kevin’s chart, all pierced the 90-point zone, implying what he calls “a ton of room to run.” The SuperTrend indicator has flipped optimistic however has “not but gone vertical,” a situation Kevin interprets as latent reasonably than exhausted development power.
Associated Studying
Supporting research paint the same image: the long-term MACD printed its first optimistic histogram bar since 2021 in February and continues to climb, whereas Stochastic RSI sits at 6.4 / 14.5, close to oversold territory—a configuration that preceded each prior parabolic burst as soon as the gauge crossed north of 20.
Kevin embeds his technical view in a macro framework. “All of the proof I’ve—by way of charts and macro fundamentals—tells me we’ll seemingly discover a sturdy prime in BTC dominance within the Could-July months,” he wrote in a separate thread. “First time in years I’ve been keen to say that, however the financial coverage is probably going going to align with the charts quickly and that’s what I’ve been ready for.” Pointing to the newest inflation knowledge, he added:
One other leg again down for inflation, all the way down to 1.35% on Truflation. 4 rate cuts are projected for the remainder of the yr and quantitative tightening will probably be ending… The pathway is laid for the second half of the yr for BTC and altcoins.”
At press time, DOGE traded at $0.179.
Featured picture created with DALL.E, chart from TradingView.com
