Dogecoin 'Ready for the Next Big Move', Analyst Warns

In the latest market update shared on X, cryptocurrency analyst Kevin (@Kev_Capital_TA) presented a weekly DOGE/USD chart indicating that Dogecoin may be approaching what he describes as a critical turning point. He stated, "My Dogecoin community, it’s time for me to provide you with the Alpha that you've all been wanting." If we look at DOGE on the weekly timeframe, we can see that we received a weekly bullish candle last week at the 'final bullish market support line' that I pointed out a few weeks ago. Analysts See Major Movement Coming for Dogecoin He emphasized the importance of the $0.139 level, calling it very important for Dogecoin to maintain this level and explained that, in his opinion, this area represents a rare opportunity with "extraordinary" risk-reward potential. He noted, "The fact that Dogecoin maintains this level will continue to be extremely important as it resets higher time frame indicators such as the 3-day MACD, weekly Stoch RSI, and 2-week Stoch RSI, all of which are approaching a complete reset very closely." By referring to these oscillators, Kevin emphasizes that the momentum profile of Dogecoin seems to be approaching a state where the downward pressure could dissipate and bullish forces could re-emerge.

He explained that the weekly Stochastic RSI, for example, has been completely reset and the 3-day MACD is "getting closer to being fully reset", while the 2-week Stochastic RSI (2W) may still need about another month before it aligns with the lower reset zone. The combination of these technical conditions often attracts traders to view such convergence as a signal that the market may be poised for a significant price move. Kevin framed his outlook by stating, "In my opinion, this is still a time when the risk-reward ratio on Doge is truly extraordinary because if we sustainably lose $0.139 when closing weekly, you can cut down on trades/losses but your upside potential is much greater than your downside risk." "Essentially, he is placing the burden on Dogecoin's ability to hold above $0.139 at the weekly close, because if the price drops significantly below that line, the bullish argument could be invalidated and traders may reduce or exit their long positions. Kevin also tied the coin's fate to the broader cryptocurrency landscape, clarifying that a Bitcoin price recovery will be crucial if Dogecoin wants to maintain its position near $0.139. He stated, "As long as BTC holds these levels and doesn't lose 70,000 then I absolutely love this position on DOGE," which suggests his assumption that Bitcoin weakening will threaten bullish altcoin setups. However, he said, "If I ever wanted to allocate reasonably into Doge, I would definitely take advantage of this from a trading standpoint," reflecting his belief in the potential of this coin to maintain stability within this range and the possibility of an increase in price as those higher time frame indicators are fully reset. This does not guarantee that a Dogecoin price surge is imminent, but it underscores why Kevin believes the current market structure may allow for more upward movement than downward, and why many traders and on-chain enthusiasts are closely monitoring these specific conditions. In summary, Kevin explained his viewpoint on what may happen next, saying, "From the perspective of the holder, everything is quite simple. You need to hold $0.139 while these higher time frame indicators reset and prepare for the next big move." This viewpoint revolves around the notion that once these main momentum and trend signals shift from reset levels back to an upward direction, a bullish rally could occur if external factors, especially the performance of Bitcoin, continue to support. Therefore, he labeled the $0.139 area as a crucial support level — if this level is broken on the weekly chart, it could invalidate his bullish stance. However, if this level holds, Kevin believes that Dogecoin is "ready for the next big move."