![\"Dogecoin](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/05\/Gp3Jk54WIAEeWUu-2.jpg?resize=1024%2C604\")
<\/p>\nThe Dogecoin monthly chart has begun to echo the rhythmic, momentum-laden structures that prefaced each of the meme-coin\u2019s historical breakouts, according to independent market technician Kevin, better known on X as @Kev_Capital_TA.<\/p>\n
In a fresh the line in the sand\u201d: the 0.382 Fibonacci retracement of the entire 2019-2021 advance at $0.1383 and the upper boundary of a 34-month falling wedge that originates at the May-2021 peak.<\/p>\n
<\/p>\n
\u201cDOGE held the macro .382 and the macro down-trending support that I labelled as the line in the sand and also stated was a phenomenal risk-reward opportunity,\u201d Kevin wrote to his followers. \u201cMonthly SuperTrend has not yet gone vertical in this cycle and the monthly RSI is at the same level it was at when DOGE was at 11 cents, with a ton of room to run to the upside. Ignore the short-term noise\u2014the pathway is laid and it is time to start going down it.\u201d<\/p>\n
His chart reveals three wedge-shaped consolidations, each resolved by a vertical expansion that topped exactly at a 1.618 Fibonacci extension. The current wedge\u2014drawn with parallel yellow trend-lines from the 2021 high\u2014broke to the upside in November 2024, tagged $0.48, and is now being retested from above. Kevin stresses that \u201cmacro down-trending support\u201d has so far responded as textbook support and therefore keeps the price structure constructive.<\/p>\n
Horizontal liquidity bands, shaded in violet, cluster at $1.25\u2013$1.35 and $2.40\u2013$2.60, marking the first potential distribution zones of the new cycle. Directly above the highest of those bands sits Kevin\u2019s ultimate Fibonacci projection, a 1.618 extension at $3.94. When a follower asked whether his targets still stand, Kevin replied: \u201cLooks like I said $3.90 is unlikely and $1.80 is a stretch also but possible depending on how high BTC goes. Not really target-setting\u2014just looks like I said if BTC goes really high then DOGE will too.\u201d<\/p>\n
Momentum gauges lend weight to his bullish narrative. The 14-period monthly Relative Strength Index, smoothed by a moving average, rests at 51.3\u2014virtually identical to the reading seen in December 2020 when DOGE was trading at eleven cents. Previous cycle peaks, highlighted with orange circles on Kevin\u2019s chart, all pierced the 90-point zone, implying what he calls \u201ca ton of room to run.\u201d The SuperTrend indicator has flipped positive but has \u201cnot yet gone vertical,\u201d a condition Kevin interprets as latent rather than exhausted trend energy.<\/p>\n
Supporting studies paint a similar picture: the long-term MACD printed its first positive histogram bar since 2021 in February and continues to climb, while Stochastic RSI sits at 6.4 \/ 14.5, near oversold territory\u2014a configuration that preceded every prior parabolic burst once the gauge crossed north of 20.<\/p>\n
Kevin embeds his technical view in a macro framework. \u201cAll the evidence I have\u2014through charts and macro fundamentals\u2014tells me we will likely find a durable top in BTC dominance in the May-July months,\u201d he wrote in a separate thread. \u201cFirst time in years I have been willing to say that, but the monetary policy is likely going to align with the charts soon and that is what I have been waiting for.\u201d Pointing to the latest inflation data, he added:<\/p>\n
Another leg back down for inflation, down to 1.35% on Truflation. Four rate cuts are projected for the rest of the year and quantitative tightening will be ending\u2026 The pathway is laid for the second half of the year for BTC and altcoins.\u201d<\/p>\n
At press time, DOGE traded at $0.179.<\/p>\n
![\"Dogecoin](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/05\/DOGEUSDT_2025-05-02_09-56-35.png?resize=1024%2C453\")
<\/p>\n","protected":false},"excerpt":{"rendered":"
The Dogecoin monthly chart has begun to echo the rhythmic, momentum-laden structures that prefaced each of the meme-coin\u2019s historical breakouts, according to independent market technician Kevin, better known on X as @Kev_Capital_TA. In a fresh the line in the sand\u201d: the 0.382 Fibonacci retracement of the entire 2019-2021 advance at $0.1383 and the upper boundary…<\/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-4535","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\/4535","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=4535"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/4535\/revisions"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=4535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=4535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=4535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}