Crypto analyst Kevin has highlighted a crucial threshold for Dogecoin on its daily chart. Reclaiming the $0.28 region on a weekly close and showing follow-through could potentially lead to Dogecoin retesting its all-time highs. Kevin mentions that he has invested in a spot long at $0.25 on DOGE and is prepared for either outcome. The chart also indicates the Bitcoin Bull Market Support Band, which Dogecoin is currently below. There is a key resistance zone between $0.27 and $0.29. Kevin points to momentum studies, such as the daily Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), which suggest that bearish pressure may be easing and a bullish crossover may be imminent. However, a firm weekly close above $0.28 is the crucial catalyst for Dogecoin's potential push towards mid-$0.30s or beyond. Kevin also emphasizes the importance of the macro market conditions and the need to hold certain levels on the Total Market Cap for the crypto market to perform well. At the time of writing, DOGE is trading at $0.25.



Other News from Today