Dogecoin Is ‘Ready For The Next Big Move,’ Warns Analyst

In the new joint market update on X, Kevin (Kev_capital_ta) presented a weekly plan/USD that indicates that Dogecoin can approach what he describes as a pivotal achievement point. He stated: “My Dogoin Community, at the time when I must give you all your desire. If we look at Doge on the weekly time frame, we can see that we received a weekly request candle last week in” the last line of the bull market support “that I referred to two weeks ago.”

The analyst sees a big step coming to Dogecoin

he Assure The importance of 0.139 dollars, describing it vital for Dogecoin to maintain this level and explain this, in his opinion, that this region represents a rare opportunity with the possibilities of “enormous” risk reward. He pointed out that “it will be completely necessary for Dogecoin to keep this level while re -setting up the indicators of the higher timeline such as MACD for 3 days, the weekly RSI and 2W Stoch RSI, all of which are very close to re -seize it completely.” By referring to these vibrations, Kevin stressed that the momentum profile in Dukwin appears to be approaching a situation in which the declining pressure can be dissipated and the upcoming forces can appear.

He explained that the weekly Stoch RSI, for example, was already reset, and that MACD for 3 days “is close to the entire re -assignment”, while RSI for two weeks (2W) may still need about another month before it is in line with the lower area and reset. This mixture of technical conditions often attracts traders who consider such signals signals that may be prepared for a noticeable price step.

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Kevin frame his outlook by saying, “In my opinion, this is still a place where the risk reward rate is completely enormous given that if we lose $ 0.139, a solid dollars on a weekly closure, you can reduce your deals/losses, but your upward potential exceeds your negative risk over miles.” In essence, it places responsibility on the ability of Dogecoin to stay above $ 0.139 on the basis of a weekly closure, because in the event of a sustainable break under this line, the upscale thesis can be canceled and traders may reduce or come out of long situations.

Kevin also tied the fate of the currency to the broader landscape of encryption, showing that the price of elastic bitcoin will be very important if Dogecoin wants to keep its foot near $ 0.139. He stated: “As long as BTC holds these levels and does not lose 70 thousand, I love this spot on Doge completely,” which reveals that it is assumed that the weak Bitcoin will threaten the ups of Altcoin bullish settings.

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Nevertheless, he said: “If you are looking to allocate it properly in Doug, I will definitely benefit from this place from a commercial perspective,” which reflects his belief in the possibility of staying in this range and may gather once the upper timeline indicators are fully reset. This does not guarantee an imminent gathering of Dogecoin, but it confirms why Kevin believes that the current market structure can allow more bullish direction from the negative side, and why many merchants and chain lovers monitor these close conditions.

By summarizing his view of what might come after that, Kevin explained, “From the perspective of holders, it is very simple. This feeling depends on the idea that once these main signs of momentum and follow -up signs swing from the re -setting levels again, the assembly can be revealed if external factors (especially bitcoin performance) remain supportive.

It has thus described the $ 0.139 region as the level of support or breaking support-if it is breached on the weekly graph, his bullish position can nullify. However, if so, Kevin believes that Dogecoin is “ready for the next big movement.”

At the time of the press, Dog was traded at $ 0.19.

Distinctive image created with Dall.e, Chart from TradingView.com