Dogecoin is holding up better than many expected, even after a recent dip. The popular DOGE meme coin is sitting on a key level that traders have been watching closely. According to analyst Kevin (@Kev_Capital_TA), this could be the setup for a big move, but some things need to happen first.
Kevin shared that nothing major has changed for Dogecoin. In his post, he explained that DOGE has pulled back to the exact support level he has been tracking at $0.189. This level is important. If it continues to hold, then DOGE might be ready to aim for a much bigger breakout.
Kevin pointed to a zone between $0.26 and $0.28 as the “macro golden pocket.” This is a key resistance area, and if DOGE can get above it, it could spark a larger rally. But there is one catch. Kevin said this move depends on Bitcoin. BTC needs to break through the $120,000 to $123,000 range. If Bitcoin struggles, then DOGE may not have the strength to move on its own.
He also warned about a bearish divergence on the weekly chart. This means that even though price went up, momentum did not follow. That can sometimes lead to a reversal if buyers start losing confidence.
DOGE Price Chart Shows Support Still Intact
The chart shows that DOGE recently hit a high near $0.23 but has since dropped closer to $0.20. This is right around Kevin’s support level of $0.189. More importantly, the price is still sitting above several moving averages, including the 50-day and 200-day EMAs. These lines often act as support, and so far DOGE has not broken below them.
There is also a wide orange cloud on the chart, which is part of the Ichimoku indicator. DOGE is currently sitting inside this cloud. When price is inside the cloud, it usually means the market is in a state of indecision. But once price breaks out of it, the next big move can happen quickly. At the moment, DOGE is holding steady within this area.
Three important resistance zones are also marked. The first is near $0.26, the second is around $0.30, and the third is closer to $0.35. These are the levels DOGE would have to break through if momentum picks up again. The first target, which matches Kevin’s macro golden pocket, is the most important short-term goal for bulls.
What DOGE Meme Coin Needs for the Next Move
There are three main things that need to happen for the DOGE meme coin to break out. First, it has to stay above the $0.189 support level. If this level fails, then DOGE could drop lower, possibly toward $0.15 or even lower in the trend channel shown on the chart.
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Second, Bitcoin has to keep climbing. Kevin made it clear that DOGE’s chances are tied to Bitcoin. If BTC breaks above $120,000 and stays strong, then altcoins like DOGE could follow.
Third, the indicators need to flip more positive. Right now, the bearish divergence on the weekly chart is still a warning sign. It tells us that momentum is not fully behind the price. But if this changes and volume starts rising again, DOGE could regain strength.
At the moment, DOGE is still in a good position. It has not lost support, and the bigger market is still holding together. If the right conditions line up, the DOGE price could make a serious move toward the $0.26 to $0.28 zone very soon.
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