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Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round

Dogecoin Chart ‘Looks Perfect’: Analyst Targets $1.10–$1.25 Zone

Jake Simmons
Jake Simmons
4 months ago
3 mins read
Dogecoin price news

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Crypto analyst Kevin (@Kev_Capital_TA) has delivered a strongly bullish outlook for Dogecoin in his latest video update, describing the meme-turned-macro asset’s current structure as one of the most compelling setups across the entire altcoin market. “Dogecoin has one of the nicest charts, if not the nicest altcoin chart in all of altcoins,” Kevin said. “Next to XRP and ETH, Dogecoin got a beautiful chart.”

Dogecoin’s Pattern Mirrors Last Bull Run

In a wide-ranging technical review covering Bitcoin, Ethereum, and macro trends, Kevin dedicated a significant section of his analysis to Dogecoin, highlighting an emerging pattern of higher lows, clean breakouts, and bullish divergences that mirror previous accumulation phases. According to him, Dogecoin is displaying what he called “perfect price structure”—a rare quality among altcoins.

“You get this bottom, you get the double bottom, you get the bullish divergence. Bang,” he said while showcasing recent price action and comparing it to prior cycles. “Then again—you get the bottom, the double bottom, the bullish divergence. Bang. This is literally the same thing all over again.”

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Kevin’s view is built on strong historical confluence and Fibonacci retracement zones. He noted that Dogecoin’s last major bull cycle saw the token top out at precisely the 1.618 to 1.703 Fibonacci extension range. By replicating the same fib structure from the most recent bottom, Kevin identified a similar target range between $1.10 and $1.25, calling it a “real deal price target” rather than clickbait.

“Could $1.10 to $1.25 be the next target for Doge?” he asked. “I think if we can replicate a move like we did back in November—which we can, and if anything, we can do way better—then absolutely. That’s the zone I’m watching.”

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

He further emphasized that the golden pocket and the 1.703 fib extension mark a crucial resistance area, just as they did in Dogecoin’s previous cycle. “Remember this,” Kevin said. “You run your fib—boom—Dogecoin tops out right at the golden pocket and the 1.703 fib. We’re seeing the same thing lineup here.”

Zooming out, Kevin placed Dogecoin’s strength in the broader context of a shifting crypto macro environment. Bitcoin dominance, he noted, is dropping sharply from the macro 0.786 Fibonacci level—a move that typically allows altcoins like Dogecoin to catch a stronger bid. “We are seeing exactly what we said would happen. That is: altcoins catching a bid. A really nice bid,” he remarked.

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Can Dogecoin Realistically Reach $1? Analyst Sees Strong Setup

4 months ago

The bullish sentiment extends beyond Dogecoin. Kevin noted that macroeconomic data is supportive, with declining inflation, rising GDP, strong labor markets, and easing tariff fears contributing to renewed confidence across financial markets. “Everything seems to be lining up at the exact right time,” he said. “We’ve got the macro on our side, we’ve got the technicals on our side, and now even Dogecoin is flashing green.”

Still, he added a caveat of caution. “In the short term, just be a little cautious until we break the resistance we need to break,” Kevin said, referencing the broader crypto market’s proximity to key Fibonacci and moving average thresholds. “Treat resistance as resistance—until it’s not.”

Nonetheless, Kevin concluded that Dogecoin’s current setup is as strong as it’s been in years. “This is just perfect, perfect price structure,” he reiterated. “When the market gets going, I think this thing’s going to perform massively.”

His final message: if history rhymes, Dogecoin could be poised for a powerful move to surpass the psychological $1 mark. At press time, DOGE traded at $0.242.

Dogecoin price
DOGE price breakout looming, 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

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The highest standards in reporting and publishing
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