The cryptographic analyst, Kevin, provided the update of the Dogecoin price structure, emphasizing how many technical elements coincided in order to support his work that the meme coin remains on the right track despite the recent variability. The chart, which he divided for the first time two weeks ago, reveals the convergence of Fibonacci slimming levels, the descent from the yellow macro trend line and positioning of 200-week-old SMA (straightforward moving average) and EMA (interpretation of the movable average).

Dogecoin follows the “plan”

According to Kevin, these convergent signals allowed Dogecoin to perform a critical macro back test, which – if effective – often goes to the market from the repair phase in a modern, more stubborn phase. “We still have a job for people, but so far Dogecoin will plan all this,” Kevin wrote today via X.

In his central sentence there is a level of withdrawal of 0.5 fibonacci around 0.15382 USD, which Dogecoin is currently floating nearby. The coin led out of a larger swing, 0.5 usually means a balance point in a larger market traffic.

This level also crosses the yellow trend lines down, which has defined macro resistance to Dogecoin since the previous peaks of the bull market. The synergy between this level of retractant and the trend line is a key reason why Kevin believes that the withdrawal remains ordered and “everyone is planning”. Further above, the next milestone of Fibonacci Dogecoin is 0.236 near USD 0.28013 (red level), which would probably have to be solved to develop a more final growth growth.

Below the current commercial ranges, the chart emphasizes a group of potential support levels, including 0.618 Fibonacci marker around 0.11767 USD and 0.65 withdrawal near 0.10924 USD. Although there is no guarantee that the Dogecoin price will fall to these thresholds, Kevin notes that if further consolidation occurs, the coin may find stability in this zone.

Additional deeper terms of the listing include 0.786 levels of around 0.08035 USD and extension 1.0 near 0.04942 USD – those that in previous cycles ensured significant reflections for tokens experiencing extended corrections.

Meanwhile, the weekly average moving in blue on the chart, in particular the 200-week SMA and EMA, offer a further context for longer moods. Currently, the Dogecoin Spot operates just below, creating another layer of support.

Kevin’s analysis also cites the shoot data from the 3 -day RSI (relative strength indicator), which indicates that RSI readings were almost historically low low levels for dogs. Low RSI readings can sometimes suggest that the market is sold out, which in turn increases the perspective of the Assist Rally or a wider return if other stubborn catalysts appear.

He appealed to four focal points, which he first identified in the position two weeks earlier: re-macro zone 0.5 fibonacci, convergence of the decreasing line, reverse test of 200-week-old SMA and EMA and especially low RSI values. He also emphasized that Bitcoin’s overall resistance, along with the evolution of macroeconomic data and the monetary policy of the Central Bank, can shape whether the price of Dogecoin can utilize these technical signals.

“If BTC maintains and adjust the economic macro data and monetary policy, you have the last opportunity to buy Dogecoin relatively cheap. Many factors in the game and a lot of work, but the risk prize at this level is excellent, taking into account the circumstances,” Kevin Twi summed up a week ago.

During the press, the dog traded for $ 0.1885.

A distinguished painting created from Dall.e, chart from tradingview.com