Dogecoin (Doge) can be on the threshold of another large gathering, according to the analysis of Kevin (Kev_Capital_TA). he Secure The current correction closely reflects the pattern that paves the way for Digwij’s explosive gains during the previous bull cycle. From his point of view, the collapse of the DOGE price over the days, the size of the percentage, is almost identical to the last term, indicating that the Meme coin is now ready to start its next main leg if Bitcoin (BTC) is fixed.
Dogecoin Group to explode by 1400?
Dog was destroyed from about $ 0.33 to $ 0.20 in just three days, with a rate of approximately 40 %, before reaching $ 0.20 on Monday. This rapid stagnation coincided with a shock at the market level sparked by US President Donald Trump’s announcement last Friday of the new customs tariffs on the goods from Canada and Mexico. Since the fear of a commercial war has erupted through the financial markets, investors rushed to transfer their money to safer assets, causing Doug to decrease by 25 % on Monday alone and withdraw it to levels that you have not seen since November 8 of last year. Bitcoin was similarly affected, as it slipped to 91200 dollars as part of the sales of the wider market.
Recovery began as soon as Trump’s disclosure of a deal on Monday with Canada and Mexico eased some concerns about the definitions, reflecting a lot of the journey driven by panic from encrypted currencies. According to Keven, the pace of the apostasy supports the thesis that Dogecoin has already completed the second important corrective phase of this running. It refers to the previous session of the currency, where two large drops have preceded the price. The last decrease of about 40 % in Dog, with his words, “is very similar to the last cycle and drops in terms of percentage”, is evidence that history can be repeated.
In a previous scheme, Kevin has selected the specified Fibonacci extension levels, if Dog follows a similar path to the last bull round, it can serve as future goals while climbing. Specify $ 0.2867 at 0.618 FIB, $ 0.30 at 0.65 FIB, $ 0.41 at 0.786 FIB, $ 0.59 at 0.886 FIB, $ 0.74 in 1.00 VIP, $ 0.93 at 1.0866 FIB, $ 1.57 at $ 1.272 FIB, $ 2.28 at $ 2.414. And $ 3.95 in 1.618 FIB.
He reported $ 0.93 as an instant resistance area, which a blue box indicates on its plan, and another potential supply area near $ 2.28. Then highlighted $ 3.95 (1.618 FIB) as a final goal in the final direction if the upscale momentum continues. This price level increases an increase of more than 1400 %.
The focus focuses on the repetition of historical patterns on the idea that the recent market disturbance has concluded the second leading correction of Dog, similar to what happened in its previous session. With this stage now, perhaps behind it, the Mimi currency can be placed for large operation if the total conditions remain stable and are often considered Bitcoin, which are often considered the market anchor, does not stumble.
In the words of Kevin, “In my opinion, I have just completed #DogeCoin. almost. “
Although it remains to see whether the basic procedure will be disclosed just as the Kevin chart suggests, the Swift bounce of $ 0.20 gave traders the hope that Doge may actually reflect the last bull round. The coming weeks may prove a pivotal, especially if the currency pushes that the first main resistance levels.
At the time of the press, Dogecoin was traded at $ 0.26.
Distinctive image created with Dall.e, Chart from TradingView.com
