🐶 Is Dogecoin about to 'woof' its way down?
Famous chart analyst Kevin (@Kev_Capital_TA) recently posted a chart on the X platform that sparked heated discussions!
📉 He pointed out that Dogecoin (DOGE) is currently hitting a familiar old friend — a strong resistance level, and is now 'tightrope walking' on a critical support zone ⚠️.
Kevin's daily chart published on July 31 shows that Dogecoin has fallen below $0.28 and is now hovering around $0.22.
This area is the 'battlefield' for bulls and bears 💥; whether there will be a rebound or a plunge depends on whether the buying power is strong in the coming days!
In short, DOGE is at a 'crossroads of fate' 🛣️; fellow traders, remember to fasten your seatbelts, as the market could stage a 'thrilling leap' at any moment 🎢~
🐶 [The critical moment for Dogecoin has arrived! If it doesn't hold, will it 'go to the dogs'?]
For all of you holding Dogecoin (DOGE) and waiting for 'Woof World' to soar ⚠️, now is definitely not the time to be careless!
Chart analysis master Kevin recently released a heavy analysis on X (Twitter): Dogecoin is facing strong resistance in the $0.26 to $0.28 range, which is referred to as the 'macro golden pocket' 💰— this is the classic 61.8% to 65% Fibonacci retracement area, and is seen as a 'ceiling' by technical analysts; markets usually face some resistance when they reach this point.
Previously, Dogecoin surged quite strongly, but after hitting resistance this time, the price turned back and is currently testing the super critical support zone of $0.213 to $0.189 📉.
Kevin stated that this area includes almost all major moving average supports (daily, weekly all converging), and it's also the 0.5 FIB retracement level, which can be considered the bulls' last 'defense line' 🚧!
🐾 If it can stabilize? A rebound is just around the corner; continuing to 'wear the hat and soar' is not a dream 💥.
🐾 But what if it can't hold? It might have to retest the $0.14 to $0.12 zone, falling back into the 'shadow area' 🌑.
Kevin emphasized a key point on the chart: This 'golden pocket' not only serves as a technical retracement level, but also overlaps significantly with the densely packed trading zones from the past, where many people have traded, making it a psychologically sensitive price point — thus, if it can't hold, the selling pressure should not be underestimated!
In summary: The question for DOGE now is not whether it will rise or not, but whether it can 'stand firm or fall into the ditch.' For those holding coins, pay attention to the charts and be ready to respond to a big market move 📊🚀!
Dogecoin (DOGE)'s recent price trend has set the community ablaze 🔥 — after a failed surge, the price slid all the way back, and now it has returned to the key area of 'bulls versus bears,' also known as the 'convergence support zone' 📉.
This $0.213 to $0.189 range is considered Dogecoin's 'last line of defense' ⚔️. Why is it so important? Because not only are there several critical daily moving averages, there is also the 'weekly bullish support zone,' and plus the 50% Fibonacci retracement level, all the indicators that technical analysts love are crowded in here 📊.
In short: This is a 'collective defense line'; if it holds, a counterattack may follow, but if it breaks, liquidation will accelerate directly, revealing the bear market channel 💀!
Of course, the community members have not been idle; a user on X, @SmRatul1994, questioned analyst Kevin: 'Aren't you saying Dogecoin was performing well just a few weeks ago? How come you're singing a different tune now?'
Kevin directly responded online 🔁: 'What I said is based on the changes in the actual support and resistance levels, not betting my life on one side. Last year, I reminded everyone to take profits at $0.40, and shouted to enter at $0.14 twice, each time making over 70%.'
Now I'm just analyzing the facts; don't treat the crypto space like a gambling casino; if the market changes, of course, I need to change my statements.
🎯 Kevin also emphasized: The entire market, including BTC and altcoins, is approaching major resistance levels, and emotional fluctuations are intense; now is the time to 'stay steady' and not fantasize about soaring straight up.
In summary: Dogecoin is now on the edge of a cliff, whether it can pull back depends entirely on whether this support area holds.
For those holding coins, don't just focus on price fluctuations, but also pay attention to changes in trends 🌪️. After all, in the crypto world, the wind can mess up more than just hairstyles; it might also turn your accounts green 🌿.
🐶 The life-and-death moment for Dogecoin (DOGE) is here! If the support can't hold, it will have to 'go to the dogs'? 📉🚨
Recently, Dogecoin's trend has tugged at the heartstrings of countless seasoned investors in the crypto space. After a series of increases, DOGE unexpectedly fell back to $0.205, just a step away from the critical support zone of $0.213 to $0.189; this trend is really a bit precarious... 🫣
The widely followed chart analyst Kevin (@Kev_Capital_TA) recently shared the latest daily chart of Dogecoin on the X platform (formerly Twitter), stating: 'DOGE has fallen back to a critical convergence support area, $0.213 to $0.189 is the area where the daily moving average, weekly bullish support, and 0.5 FIB converge, it must hold!'
Otherwise, it might not just be a simple 'pullback,' but a fall into the 'shadow market' of $0.14 to $0.12 🕳️!
Kevin also mentioned that DOGE's previous attempt to touch the $0.26 to $0.28 'macro golden pocket' failed, i.e., the 61.8% to 65% Fibonacci retracement area — this is a key area many traders use to judge reversals. As a result, DOGE was unable to break through successfully and instead turned downward, resulting in a 'face-slapping pullback' 🙃.
🎯 'Holding without falling means it can rise' — Kevin succinctly pointed out the current situation.
Facing doubts from netizens, such as 'Weren't you bullish a few weeks ago? How come you're saying things have changed now?' Kevin responded directly: **'I make dynamic judgments based on price areas, not betting on a direction.'** He also recalled his two 'bottom-fishing' attempts in the $0.14 range and two 'profit-taking' points at the top, indicating that he has always operated according to the charts and made judgments without emotion. This response also earned him a lot of likes from netizens. 👏
Another commenter pointed out, 'Ultimately, everything depends on how Bitcoin performs.' Kevin replied, 'Yes, sir.' This also reaffirms a well-known fact: **The fate of altcoins mostly follows Bitcoin!** As long as BTC does not break through critical pressure, DOGE and other altcoins find it hard to 'fly solo' 🐕💨.
📉 Technical indicators show: DOGE is in a state of indecision between bulls and bears.
From the chart, DOGE's current price is just caught at the convergence area of several important indicators:
Multiple daily moving average supports
Weekly bullish support band
0.5 Fibonacci retracement level
Historical heavy trading support area
If this area is effectively defended, DOGE is expected to challenge the 'golden resistance zone' of $0.26 to $0.28 again; however, if it breaks down, DOGE may head directly toward deeper lows, initiating another wave of liquidation 🌪️.
📌 Current price of Dogecoin: $0.205, hovering on the edge of the cliff.
📣 Trading advice: Watch if the support holds!
For the bulls, this is now the 'last stronghold' — hold here, and there is a chance to attack again; while the bears are watching to see if it will break down with volume; once it 'loses its hold,' a drop to $0.14 to $0.12 will become a high-probability event.
⏳ Short-term advice:
Bullish: Watch if $0.189 can hold, waiting for confirmation of a rebound;
Bearish: Consider shorting after breaking the support level and with volume;
Conservative: It is recommended to wait for confirmation of Bitcoin's direction before considering entry.
⚠️ Don't forget, all of this ultimately depends on BTC's 'mood.' In Kevin's view, if Bitcoin strengthens, DOGE will naturally follow; conversely, it won't escape the fate of continuing to decline.
**In summary: The current DOGE is like a husky standing at a crossroads of fate, with hope for a rebound ahead and the abyss of a bear market behind 🐶⚔️. Bulls, keep pushing; bears, get ready. The show is just beginning!** Are you ready? 🎯💣
