This article is also available in Spanish.
In the latest live broadcast, Kevin drilled Kevin's encryption on the Dukwin price movement, confirming both caution and optimism for Mimi's popular currency. Speaking to his fans on YouTube, Kevin admitted the history of Dogecoin in dramatic fluctuations, but stressed that critical technical levels can raise the next essential step.
When will the big step will be for Dogecoin?
Kevin male Dogecoin style is a large recovery followed by new high levels in the previous bull market. “Look at these moves, right? He said that every one declining DOGECOIN got in the previous emerging market – 56 %, 57 %, 53 % – led to new levels.”
He also compared the Dogecoin withdrawal from 2022 by upwards with what happened in its previous sessions: “In this emerging market so far, Dogecoin had 65 % correction, and now he had a 58 % correction. We are doing the same thing that we always did.”
Despite the tendency of Dogecoin to recovery, Kevin emphasized at specific threshold levels that need to be restored. “Dog has a task to accomplish, which is to return to the highest total golden pocket and the weekly market support team, which is now $ 0.30,” he said. From his point of view, “If Dogecoin starts to close the weekly candles over $ 0.30, there is no doubt that we will return to the macro 0.786 (Fibonacci level) … at a level of $ 0.48, and then we direct than there.”
When asked about the current expectations of Dogecoin, Kevin warned that the conditions of the market – especially the performance of Bitcoin – will have a final opinion. “Dogecoin will not lead the market; it will go where you go Bitcoin.” If Bitcoin remains side or decreases, Dogecoin may stop below this barrier $ 0.30.
Its broader thesis is that the encryption market in general, including Dogecoin, is temporarily suspended in a state of expectation. Kevin believes that changes in the main policy-such as the end of quantitative tightening (QT), improved inflation data, or interest rate cuts-can serve as a catalyst for another Allcoin. Since Dogecoin often tracks general feelings about Bitcoin and Total Market Cap, it is likely to dictate their most pathogens.
“Nothing has changed on Doge (…) at any time, this wick can fall and fall at a level of $ 0.20. At the present time, a less resisting path has decreased.” However, he stressed that this may change suddenly if the market morale generally improves and the bitcoin began to gather.
In general, Kevin emphasized that the wider market factors – such as changes in US monetary policy or a comprehensive leap in the confidence of the encryption market – can “turn the key” for Dogecoin. It is believed that a strong macro wind is probably to pull Dog decisively for $ 0.30, which puts the way to run about $ 0.48.
At the time of the press, Dog was traded at $ 0.232.
Distinctive image created with Dall.e, Chart from TradingView.com
Comments are closed, but trackbacks and pingbacks are open.