In its latest technical ventilation published on X, analyst Kevin (@kev_capital_ta) highlighted a pivot threshold on the daily graphic of Dogecoin. According to Kevin, recovering the region of $ 0.28 on a weekly fence – then showing a clear follow -up – could place Dogecoin on the path of restraint of its peaks of all time.
He notes: “Return above the level of .28 cents on Dogecoin on a weekly fence and show the follow-up and my reflection process is that we attack the summits not too long after that. I allocated to a long place at 0.25 cents on Doge in the Patreon via the trading wallet (separated from the long -term bag). Ready for one or the other result. Let us send this thing higher.
When will Dogecoin correction end?
The graph highlights a well -known metric called the Bitcoin Bull Market support group, applied here to Dogecon, which consists of the simple 20 -week mobile average (SMA) and the 21 -week exponential mobile average (EMA). Although this indicator was initially developed for Bitcoin, many analysts extend it to altcoins to determine whether the wider trend is optimistic or down. In Dogecoin Current configurationThis strip flat in the range from 0.282 to $ 0.286. The price dropped below him last week and faced with a key resistance area between $ 0.27 and $ 0.29.
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Beyond price levels, Kevin also highlights two momentum studies. On the daily index of the relative resistance (RSI), the yellow line was crossed above its mobile average which accompanies it, which suggests that the downward pressure can be released. The RSI hovers nearly 38, which is above a notable support region around 27. In particular, the yellow RSI line is now back above its rose mobile line (MA). According to Kevin, this can be an early sign of a change of feeling if the purchase of follow -up continues.
Another important technical characteristic is the MacD (Divergence of Mobile Average Convergence), which approaches a bullish crossing. The MacD line approaches the signal line, and if this crossing is confirmed, it could generate a positive momentum for Dogecoin. Kevin marks this as a “daily macD cross pending”, which, if validated, would add additional credibility to the bullish prospects.
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In the largest scheme, the graph emphasizes that a weekly company when $ 0.28 is closed is the key catalyst. This level is aligned with the bull market support strip, and if it is decisively recovered, could accelerate the Dogecoin thrust to the middle of $ 0.30 or in market conditions Stay conducive.
In another article, Kevin explained: “I have said it for weeks now while the others have said his season. We are in a major correctional period. These periods occur in the markets in case you have never noticed. The crypto is very hunted from the macro, in particular altcoins. We want to keep these levels on total market capitalization if we want to feel good about this market, otherwise the correction can go further. In the meantime, relax. Always billions of liquidity up to $ 111,000 on BTC which will ultimately be taken. »»
At the time of the press, DOGE exchanged $ 0.25.
Star image created with dall.e, tradingView.com graphic
