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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Dogecoin Chart Is ‘One Of The Best’ In Crypto—$1 Remains Likely: Analyst

Jake Simmons
Jake Simmons
3 days ago
3 mins read
Dogecoin price news

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Dogecoin hovered near $0.20 on Friday, nursing a weekly gain of about 17 percent and a 24-hour trading volume above $2 billion as traders digested a late-June livestream by technical analyst Kevin, who argued that the meme-coin’s structure “has to be one of the best-looking altcoin charts out there.”

Dogecoin Double Bottom Could Trigger $1

During the one-hour session Kevin highlighted a textbook double-bottom that printed on Dogecoin’s weekly chart exactly at the confluence of the 200-week simple and exponential moving averages, the 0.382 Fibonacci retracement of the 2023–2025 advance, and a long-term up-trend line dating back to the 2022 bear-market trough. Entering at that zone, he said, “the risk-reward here is phenomenal,” noting that a tight stop just below the cluster implied limited downside while upside targets stretched toward the previous cycle’s highs.

Dogecoin price analysis
Dogecoin price analysis | Source: X @Kev_Capital_TA

Kevin told viewers the weekly momentum profile supports a larger breakout. Money-flow on Market Cipher is curling higher for the first time in more than a year; the MACD is preparing to cross bullish from a higher low; and the stochastic RSI has turned up from mid-range. On the monthly chart, relative strength continues to print higher highs and higher lows, and the stock-RSI “is hanging on, ready to push back up,” he said, adding that the entire structure “looks freakin’ great” for a sustained move once Bitcoin clears its own resistance band near $116,000.

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His price map for the coming months begins with a purple resistance box between $0.94 and $1.31—the 2021 peak plus the 1.618 extension of the 2022–24 base. “I’d be pretty shocked if Dogecoin can’t at least tag 94 cents,” Kevin said, stressing that a decisive break of a dollar would likely attract a new wave of retail traders and algorithmic trend-followers. He stopped short of offering an end-of-cycle target, but insisted “$1 remains likely,” conditional on Bitcoin extending toward the $150,000 region and—crucially—on macro tail-winds such as an end to quantitative tightening by the Federal Reserve.

Even so, Kevin warned against complacency. Dogecoin’s intraday spike coincided with Bitcoin’s test of a major Fib cluster at $116,000, while USDT dominance hit golden-pocket support—levels that could spark a near-term cooldown. “Don’t be fooled by green candles,” he said, reminding viewers that meme-coins “can get crushed even in bull markets” and advising strict risk management: take partial profits after big thrusts, move stops to break-even, and “rinse and repeat.”

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Beyond pure chart work, Kevin framed Dogecoin as a perpetual beneficiary of retail psychology. “You can walk into any gas station and someone owns Doge,” he quipped. “It’s the retail darling—it always will be—especially when new money shows up with deeper pockets than last time.”

For now, price action is validating that thesis. If the double-bottom holds and macro conditions align, the analyst argues, Dogecoin could once again headline the next alt-season—this time with a dollar tag that traders in the last cycle could only meme about.

At press time, DOGE traded at $0.1978.

Dogecoin price
DOGE on the verge of breakout, 1-day chart | Source: DOGEUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
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Jake Simmons
Jake Simmons

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

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His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

You can engage with his latest takes on Twitter: @realJakeSimmons.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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Ad discliamer

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