Chartist Slams Misleading Dogecoin Analysis: | Crypto News
Technical analyst Kevin, higher recognized on X as @Kev_Capital_TA, rekindled debate over Dogecoin’s market construction on Sunday when he urged merchants to ignore the “non-stop TA on DOGE for engagement purposes” and to focus on the 2 indicators that have guided the meme-coin’s price for more than two years. “Not much has changed for Dogecoin here,” he wrote. “Don’t let the other analysts on this platform flood you with non stop TA on DOGE for engagement purposes. We know what to watch for here.”
Dogecoin’s Fate Hinges On This
Kevin’s view hinges on the weekly chart he posted on 26 June. At that time, Dogecoin (DOGE) was hovering close to $0.166—and, according to his chart, sitting straight on an ascending assist cluster that has outlined every main transfer since the 2022 bear-market washout. “Looking at Dogecoin on the weekly time frame,” he mentioned, “you can see that ever since the bear market breakout on the weekly RSI back in 2022, any time DOGE has hit that level again—which has happened five times now—Doge has gone on to see major bounces. A failure of this weekly RSI level along with a failure of the $0.143-$0.127 level would be the line in the sand between longer term bearish price action or continued bull.”
The chart reveals Dogecoin sitting just millimetres above a confluence of the inexperienced 0.382 Fibonacci retracement ($0.13778), the higher boundary of a falling development line that has been in drive since May 2021 and the weekly 200 SMA and EMA. Previously, Kevin said via X: “Weekly 200 SMA and EMA are must holds for Dogecoin along with the macro .382 and down trending support.” Beneath lies the horizontal “line in the sand” at $0.143-$0.127—a zone Kevin has ring-fenced with daring yellow development strains.
Below the price pane, the weekly Relative Strength Index tells an equally targeted story. Kevin has drawn a white band just above the 40-line; the yellow RSI profile has now tapped that band 5 occasions. Each tag coincided with a price trough circled in orange on the primary chart. The oscillator’s easy shifting average (plotted in magenta) has curled below 50 but stays above the 40-support, retaining the sample intact.
Overhead, Kevin’s chart maps a hierarchy of Fibonacci checkpoints: the 0.5 retracement at $0.18988 (crimson), the tightly stacked 0.618 ($0.26169) and 0.65 ($0.28548) (yellow), and the 0.786 ($0.41317) (blue). Two massive violet provide containers—one between $1.00 and $1.30 and one other around $2.20 and $2.70—characterize potential bull run targets. Kevin refrains from forecasting how shortly those zones may come into play, emphasising as a substitute that holding the present assist cluster is the only prerequisite for any higher-time-frame bullish thesis.
The analyst also zoomed out to the broader digital-asset panorama in a Sunday follow-up. “The biggest moves for #Altcoins have yet to occur,” he argued, tying potential break-outs to macro-economic easing. “If the macro leads us to further easing and the market sniffs that out … then the ingredients will be in place for a massive move higher on Alts. Altcoins have always required the proper ingredients to make a sustained out-performance over #BTC for months. We’re closer than many understand; we just need a few more things to fall into place.”
For now, Kevin’s message is stripped to its necessities: watch the weekly RSI band and the $0.143-$0.127 price shelf. As long as both survive, the chartist sees no purpose to overhaul his structural bias—no matter how crowded the Dogecoin commentary stream turns into.
At press time, DOGE traded at $0.172.
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