{"id":2703,"date":"2025-01-24T19:13:09","date_gmt":"2025-01-24T19:13:09","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/think-dogecoin-has-topped-out-two-factors-that-say-no-way\/"},"modified":"2025-01-24T19:13:09","modified_gmt":"2025-01-24T19:13:09","slug":"think-dogecoin-has-topped-out-two-factors-that-say-no-way","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/think-dogecoin-has-topped-out-two-factors-that-say-no-way\/","title":{"rendered":"Think Dogecoin Has Topped Out? Two Factors That Say \u2018No Way\u2019"},"content":{"rendered":"

In an analysis provided by crypto analyst Kevin (@Kev_Capital_TA), Dogecoin (DOGE) emerges as an altcoin defying current market skepticism, with technical indicators suggesting a bullish continuation rather than a peak.<\/p>\n

Dogecoin Is Still Bullish<\/h2>\n

Kevin’s latest golden cross, a bullish indicator where the 50-day SMA crosses above the 200-day SMA, suggests sustained upward momentum.<\/p>\n

Further examining the Fibonacci retracement levels, Kevin pointed out that Dogecoin is “above the macro golden pocket at .26 cents and is battling the macro .786.” The ‘golden pocket’\u2014typically located between the 0.618 and 0.65 Fibonacci levels\u2014is often considered a crucial support zone. Kevin argues that maintaining a price above this level is bullish.<\/p>\n

\"Dogecoin<\/p>\n

\u201cIf you think this chart is bearish in its current spot then you need some help. Not gonna focus on individual altcoins very much because BTC will determine the next move in the market no matter what your altcoin chart looks like but needed to remind people who are bad mouthing how crazy they look when we\u2019re at the same price we were at in November when the market was rallying hard. Nothing has changed and cycle tops don\u2019t occur when everyone is bearish,” Kevin expounded.<\/p>\n

Kevin further illustrated the erratic nature of crypto market sentiment, contrasting reactions from November and January. \u201cWhen Dogecoin was hitting .35 cents in November, everyone was screaming to the hills that they were so bullish. DOGE at .35 cents in January, everyone is screaming that Doge sucks, I should have sold this thing a long time ago. Do you see how market psychology works? Pretty interesting,\u201d he detailed.<\/p>\n

Bitcoin Needs To Move First<\/h2>\n

Kevin also discussed Bitcoin’s influence on the broader crypto market, emphasizing its role as a leading indicator for altcoins like Dogecoin. He labeled<\/a> yesterday’s market reaction to the crypto executive order by US President Donald Trump as a non-impactful in the long run.<\/p>\n

“BTC time and time again has failed to break the 1.703 FIB at 106.8K. Even though we broke out of this bullish falling channel on the daily time frame, we have failed to see any real money flow come into the asset if anything it has been decreasing over the last 48 hours. The Trump executive order was an obvious buy the rumor, sell the news event like all events are, so to me, that was always a nothing burger,\u201d he elaborated.<\/p>\n

Despite these challenges, Kevin remains optimistic about Bitcoin’s potential for recovery. \u201cI still think we\u2019re experiencing seasonality in BTC as January\u2019s are always really bad months, especially in the post halving year. I believe the goal should be to demoralize and anger as many investors as possible before starting the next leg higher, which should come within the next 1-3 weeks. Stay tuned!\u201d he predicts.<\/p>\n

At press time, DOGE traded at $0.35.<\/p>\n

\"Dogecoin<\/p>\n","protected":false},"excerpt":{"rendered":"

In an analysis provided by crypto analyst Kevin (@Kev_Capital_TA), Dogecoin (DOGE) emerges as an altcoin defying current market skepticism, with technical indicators suggesting a bullish continuation rather than a peak. Dogecoin Is Still Bullish Kevin’s latest golden cross, a bullish indicator where the 50-day SMA crosses above the 200-day SMA, suggests sustained upward momentum. Further…<\/p>\n","protected":false},"author":1,"featured_media":2704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[221],"tags":[167,168,169,166,170,171,259,328],"class_list":["post-2703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogecoin-price-analysis","tag-dogecoin-technical-analysis"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/2703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=2703"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/2703\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/2704"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=2703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=2703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=2703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}