When Will Dogecoin’s Next Big Move Be?

In his latest livestream, crypto chartist Kevin drilled down on Dogecoin’s price action, stressing both caution and optimism for the popular meme coin.

Cryptocurrency influencer and technical analyst Kevin appeared in his latest livestream to discuss Dogecoin’s price action and upcoming price movements.

Speaking to his YouTube audience, Kevin highlighted critical technical levels that could influence the next substantial move for the popular meme coin. Despite Dogecoin’s history of dramatic price swings, Kevin noted that its price action remained largely within expected parameters.

“Look at these moves, right? Every single pullback that Dogecoin got in the previous bull market — 56%, 57%, 53% — all led to new highs,” said Kevin, underscoring Dogecoin’s cyclical price pattern.

Comparing Dogecoin's price movements from 2022 onward to earlier cycles, he continued: “In this bull market so far, Dogecoin had a 65% correction, now it’s had a 58% correction. We’re doing the same thing that we’ve always done.”

While Dogecoin has experienced large retracements, Kevin noted that specific threshold levels needed to be recaptured for the next leg up. “Doge has a mission to accomplish, and that is to get back above the macro golden pocket and the weekly bull market support band, which is now at $0.30,” he said.

“If Dogecoin starts closing weekly candles above $0.30, I have no doubt in my mind that we will come back up to the macro 0.786 [Fibonacci level] … that $0.48-level, and then probably head higher from there,” he added.

When asked about Dogecoin's current outlook, Kevin cautioned that market conditions, particularly Bitcoin’s performance, would ultimately dictate the price movements. “Dogecoin is not going to drive the market; it’s going to go where Bitcoin's going,” he said. If BTC stalls or dips further, Dogecoin could remain stalled below that $0.30 resistance level.

According to Kevin, the crypto market at large, including Dogecoin, is in a holding pattern, awaiting an external catalyst. He believes that a shift in US monetary policy, such as an end to quantitative tightening (QT), improved inflation data or interest-rate cuts, could spur another altcoin rally.

Given that Dogecoin's price movements tend to track the broader sentiment around Bitcoin and total market cap, these macro shifts would likely influence DOGE's trajectory.

“Nothing's changed on Doge […] at any time, it can come down and take this wick down at the $0.20 level. For now, the path of least resistance is down,” said Kevin, though he noted that this could change quickly if overall market sentiment improves and BTC rallies.