![\"Dogecoin](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/07\/GwD5ceiWwAAXNWR-2.jpg?resize=1024%2C618\")
<\/p>\nThe latest burst of momentum has carried the Dogecoin price through the psychologically significant $0.23 barrier, lifting the spot price to roughly $0.236 at press time and extending a weekly advance of more than 20 percent. The breakout unfolded while Bitcoin continues to consolidate just north of the $120 000 pivot, a level that many market technicians view as decisive for the entire altcoin complex.<\/p>\n
Technical strategist Kevin (@Kev_Capital_TA) published a daily DOGE\/USD chart via X. In it, Dogecoin\u2019s price action is framed by a multi-month falling-trend line whose boundary was first breached in November last year. Since that escape, price has returned to the diagonal three separate times\u2014each touch ringed by Kevin in orange, signalling what he describes as \u201ctextbook post-breakout behaviour.\u201d<\/p>\n
\u201cOnly a matter of time before #Dogecoin makes its move back up to the .28-.30 level and then well beyond,\u201d he wrote. \u201cAs long as BTC holds up and keeps showing strength this should come sooner rather than later.\u201d<\/p>\n
<\/p>\n
Kevin\u2019s roadmap is built around a dense cluster of Fibonacci retracements that dominate the right margin of his chart. Immediate resistance lies at the 0.618 and 0.65 retracement bands\u2014approximately $0.261 and $0.285, respectively\u2014followed by 0.703 at $0.329 and the 0.786 level at $0.413. Lower down, the 0.5 retracement at $0.190 has acted as a floor throughout July, while 0.382 at $0.138 marks the last line of defence for medium-term bulls.<\/p>\n
Beyond the classical retracement grid, Kevin projects an aggressive trio of Fibonacci extension lines\u20141.618 ($3.97), 1.65 ($4.33) and 1.703 ($5.00)\u2014arguing that Dogecoin\u2019s \u201cthin-air zone\u201d above last cycle\u2019s peak could enable a parabolic overshoot if liquidity conditions mirror those of 2021.<\/p>\n
He stresses, however, that such targets \u201cremain contingent on Bitcoin punching through $120,000-$123,000 and, ideally, sprinting toward $140,000-$150,000 where overhead supply thins out dramatically.\u201d<\/p>\n
\u201cPeople are already forgetting that #BTC drives this market and if BTC goes down it will all go down. … BTC needs to break $123,274\u2014point-blank period. I don\u2019t like the moseying around at this level for too long.\u201d<\/p>\n
Related Reading: Dogecoin Poised For A Monster Rally Amid Brewing Altcoin Season<\/p>\n
For now, Bitcoin\u2019s sideways grind below its all-time high has tempered altcoin exuberance. The macro picture is complicated by the fact that, as Kevin notes, \u201cBTC, Total 2, ETH, and many other Alts are at major resistance levels\u2014so do not try and be a hero here. If you missed the lows, that\u2019s unfortunate, but do not FOMO at major resistance.\u201d<\/p>\n
Should Bitcoin deliver the breakout the analyst community is looking for, the DOGE\/BTC pair could accelerate sharply, validating Kevin\u2019s view that the memecoin is \u201cplaying catch-up\u201d and may be poised for an outsized percentage move once the broader market trend resumes.<\/p>\n
With Dogecoin now perched on the lip of its 0.618\u20130.65 resistance shelf, traders are watching for a daily close above $0.285 to confirm the next leg higher. Failure to hold the wedge top near $0.19 would, by contrast, postpone the bullish narrative and leave the post-breakout retest zone vulnerable.<\/p>\n
At press time, DOGE traded at $0.242.<\/p>\n
![\"Dogecoin](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/07\/DOGEUSDT_2025-07-18_08-07-25.png?resize=1024%2C454\")
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