🐶 Will $DOGE Moon or Crash? This Indicator Holds the Answer

📊 According to analyst Cantonese Cat, the 20-month Simple Moving Average (SMA) is Dogecoin’s most critical level. Currently, DOGE sits above the SMA at $0.1751, a key support line that historically triggered explosive rallies.

📈 DOGE has only touched this line three times since 2014—each time followed by a major bull run. March 2017 and late 2020 retests led to 9,000% and 34,500% surges, respectively. The latest bounce began in August 2023, sparking a 480% gain.

📉 But the warning is clear: if DOGE closes below $0.175 on the monthly chart, it could trigger a prolonged downtrend, like those seen post-2018 and 2021.

🌐 Meanwhile, analyst Kevin points to a broader macro pattern: the TOTAL2 chart (crypto market cap excluding BTC) is nearing a breakout from a 7-year ascending triangle. A close above $1.7T could send TOTAL2 toward $4T–$6.9T, unleashing new alt-season momentum.

🔁 Historically, Dogecoin’s biggest rallies came after TOTAL2 broke past prior highs—fueling capital rotation into altcoins. If this setup repeats, DOGE’s 20-month SMA could once again act as a launchpad.

🧐 Bottom line: $0.175 is the line in the sand. Monthly close above = bullish continuation. Below = risk of deep correction.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.