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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.
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.
Featured image created with DALL.E, chart from TradingView.com
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