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In an analysis by Kevin (Kev_Capital_ta), Dogoin (DOGE) appears as Altcoin challenges the current market doubts, with technical indicators indicating a continued rise instead of peak.
Dogecoin is still optimistic
Kevin’s latest mail On X highlights the performance of Dogecoin versus the averages of simple movement of 50 and 200 days (SMA). “Dogecoin is still witnessing a rapid expansion of simple and 200 moving averages after the weekly golden cross.” This golden cross, a bullish indicator where SMA crosses for 50 days over SMA for 200 days, indicates a continuous upward momentum.
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More examination of Fibonacci decline levels, Kevin indicated that Dogecoin is “above the total golden pocket at 0.26 cents and fights macro. 786”. The “golden pocket” – located at 0.618 and 0.65 Vibonacci – is often a decisive support area. Kevin argues that maintaining a higher price than this level is upward.
“If you think this scheme is downward in its current place, you need some help. You will not focus on the individual altcoins much because BTC will determine the next step in the market regardless We were at the same price that we were in November when the market was gathering.
Kevin also explained the wrong nature of the feelings of the encryption market, on the return of the reactions from November and January. “When Dogecoin hit 35 cents in November, everyone was shouting to the hills to the point that they were very optimistic. Dog at 35 cents in Jan Market psychology?
Bitcoin needs to move first
Kevin also discussed Bitcoin’s effect on the broader encryption market, focusing on its role as a leading indicator of Altcoins such as Dogecoin. he Named The market’s reaction yesterday to the executive order of encryption by US President Donald Trump as a long -term effect.
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“BTC has repeatedly failed to break 1.703 FIB at 106.8 kg. Although we came out of this upward upward canal on the daily time frame, we failed to see any real money flow that originally enters if anything decreases over the course of 48 hours The past. Trump’s executive was to buy rumors, and sell a news event like all events, so for me, it was always a burger. “
Despite these challenges, Kevin is still optimistic about Bitcoin’s capabilities. “I still think we are facing a seasonal in BTC because January is always very bad, especially in the half year. I think the goal must be frustrated and angry as possible as possible as possible investors before starting the upcoming leg, which must come during weeks 1- 1- The next 3. It predicts.
At the time of the press, Dog was traded at $ 0.35.
Distinctive image created with Dall.e, Chart from TradingView.com