![\"Dogecoin](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/04\/Gmq_jFFWEAAsJyS.jpg?resize=2080%2C1221\")
<\/p>\nAmidst a broader crypto market crash, the Dogecoin price is down more than 20% in the last 24 hours. Yet crypto analyst Kevin, who posts under the handle @Kev_Capital_TA on X, has reiterated his stance that Dogecoin still holds a critical \u201cbull market line\u201d and builds momentum higher if broader market conditions improve.<\/p>\n
In a new update, Kevin writes: \u201cNothing much has changed on Dogecoin since my last post on 3\/22. Higher time frame indicators are mostly reset and we are holding the bull market line in the sand of support. This may not be the popular X take at the moment but engaging on people\u2019s fears is not what we do here. As long as BTC cooperates and economic data comes in favorable I say send it higher within the next few weeks.\u201d<\/p>\n
He references an older post from March 22 in which he laid out a comprehensive technical perspective on Dogecoin\u2019s position. In that post, he pointed to the $0.139 price level as the coin\u2019s \u201cLast line of bull market support,\u201d warning that a durable weekly close below the multi-year downtrend line could signal a profound shift in sentiment.<\/p>\n
\u201cMy #Dogecoin Community it is about that time where I must provide you the Alpha you all desire,\u201d he wrote in March. \u201cIf we take a look at DOGE on the weekly time frame we can see that we received a weekly demand candle last week at the \u2018Last line of bull market support\u2019 [which is at $0.139] that I pointed out a couple of weeks ago. It will continue to be absolutely vital that Dogecoin hold this level while it resets higher time frame indicators like the 3 Day MACD, Weekly Stoch RSI and 2W Stoch RSI all of which are getting very close to being fully reset.\u201d<\/p>\n
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According to Kevin\u2019s assessment, those particular indicators\u2014which are commonly used to gauge momentum and potential overbought or oversold conditions\u2014are crucial for traders looking to pinpoint when Dogecoin might next see an upward price swing. He also mentioned a target for Bitcoin not to fall below $70,000 if Dogecoin\u2019s bullish framework was to remain intact, emphasizing that broader crypto market conditions often set the pace for high-beta altcoins like DOGE.<\/p>\n
In yesterday\u2019s post, Kevin delved deeper into the macroeconomic context, overlaying the Global Liquidity Index onto Dogecoin\u2019s price chart. In his words, \u201cIf we take a look at #Dogecoin with the Global Liquidity Index overlaid you can see we are at a very interesting point here. On the LOG chart DOGE is back testing the breakout point of what was the entire bear market range that lasted from May of 2021 to October of 2024.\u201d<\/p>\n
![\"Dogecoin](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/04\/GnzdohxWUAAhlw2.jpg?resize=1826%2C1063\")
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This reference to a prolonged bear market range underscores the extent to which Dogecoin\u2019s price has traveled between its 2021 peaks and subsequent declines. He further explains that this region coincides with the \u201cmacro .382\u201d at $0.142 when measuring from the previous bull market highs to the bear market lows, which he regards as a major inflection point and a potential springboard for a renewed rally, provided the market cooperates.<\/p>\n
Kevin attributes a large share of crypto price direction to broader liquidity conditions, writing that \u201cGlobal liquidity has shown to be throughout all of history a major driver of risk asset prices especially #Altcoins and we can see here that it has been trading perfectly in this downward channel since May of 2022 which lines up with central bank tightening of monetary policy across the globe as inflation was sky rocketing.\u201d<\/p>\n
As global monetary authorities begin to wind down or at least slow the pace of interest rate hikes, liquidity levels may start to edge higher again. In his assessment, this easing, even if gradual, could supply the necessary fuel for a breakout in both market liquidity and Dogecoin\u2019s price. \u201cBased on history I believe it will likely start to breakout here. If the correlation remains true as it has through the years then this back test on Doge specially is providing one of the best risk reward ratios you can ask for in a long term hold entry or swing play,\u201d he says, while making clear that a failure to hold $0.139 \u201cdurably below\u201d would be his invalidation point.<\/p>\n
At press time, DOGE was just below Kevin’s last \u201cbull line\u201d and was trading at $0.13558.<\/p>\n
![\"Dogecoin](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/04\/DOGEUSDT_2025-04-07_08-41-18.png?resize=3628%2C1605\")
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Amidst a broader crypto market crash, the Dogecoin price is down more than 20% in the last 24 hours. Yet crypto analyst Kevin, who posts under the handle @Kev_Capital_TA on X, has reiterated his stance that Dogecoin still holds a critical \u201cbull market line\u201d and builds momentum higher if broader market conditions improve. Dogecoin Must…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[221],"tags":[167,168,169,166,170,171],"class_list":["post-4092","post","type-post","status-publish","format-standard","hentry","category-dogecoin","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/4092","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=4092"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/4092\/revisions"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=4092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=4092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=4092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}