In his latest live broadcast, the Kevin cryptographic chart drilled Dogecoin’s price, emphasizing both caution and optimism for the popular meme coin. Talking to the audience on YouTube, Kevin confirmed the history of dramatic fluctuations in Dogecoin prices, but emphasized that critical technical levels can cause another significant movement.

When will the next great movement of Dogecoin?

Kevin excellent A pattern of vast Dogecoin’s departure, followed by novel ups on previous bull markets. “Look at these movements, right? Each withdrawal that Dogecoin obtained in the previous bull market – 56%, 57%, 53% – all this led to new ups, “he said, emphasizing the cyclical nature of the coin.

He also compared Dogecoin’s withdrawal from 2022. To what happened in earlier cycles: “In this bull market, Dogecoin had a 65% correction so far, now he had a 58% correction. We do the same thing we have always done. “

Despite Dogecoin’s tendency to reflect, Kevin emphasized specific threshold levels that should be recovered. “Doge has a mission to achieve, namely recovery over the macro with a golden pocket and a weekly support team on the bull market, which now costs $ 0.30,” he explained. From his perspective: “If Dogecoin begins to close weekly candles above 0.30 USD, I have no doubt that we will return to macro 0.786 [Fibonacci level] … this level 0.48 USD, and then probably go higher from there. “

When asked about the current perspectives of Dogecoin, Kevin warned that market conditions – and especially Bitcoin’s results – would have a final saying. “Dogecoin will not run the market; He will go where Bitcoin is going. “If Bitcoin stays sideways or submerges further, Dogecoin can stop below the 0.30 USD barrier.

His wider thesis is that the cryptographic market, including Dogecoin, is detained in waiting. Kevin believes that key changes in policy-as end to quantitative tightening (QT), improved inflationary data or cutting the interest rate-to serve as a catalyst for the next Altcoin rally. Because Dogecoin often follows the general moods around Bitcoin and total market capitalization, wider macro shifts would probably dictate its trajectory.

“Nothing has changed to dog […] At any time it can go down and remove this wick at 0.20 USD. For now, the path of the slightest resistance has fallen – added Kevin. Nevertheless, he emphasized that this may suddenly change if the overall market moods are improving and Bitcoin begins to gather.

In general, Kevin emphasized that wider market factors – such as changes in American monetary policy or a general leap of trust in the cryptocurrency market – can “reverse the switch” for Dogecoin. He believes that a sturdy macro wind would probably attract a dog definitely above 0.30 USD, establishing a stage for escaping in the direction of 0.48 USD.

During the press, the dog traded for USD 0.232.

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