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In livestream that stretched beyond the hour‑mark, technical analyst Kevin (Kev Capital TA) laid out the most compelling bullish case for Dogecoin since the meme‑coin’s April lows. Speaking to a cross‑platform audience, Kevin argued that the market is standing “right on the verge of a genuine altcoin season,” and that the textbook double‑bottom visible on Dogecoin’s higher‑time‑frame chart positions the asset for what he called “a monster move” once resistance levels yield.
Dogecoin Chart Turns Bullish
Kevin began by situating Dogecoin inside a broader macro chessboard. This week’s cascade of inflation data—CPI and PPI prints bracketed by near‑continuous Federal Reserve commentary—could inject volatility, he conceded, but the direction of trend is already set by structural forces. “Trueflation is sitting at 1.71 percent,” he noted, adding that the crowdsourced gauge routinely prints about sixty to seventy basis points beneath official Bureau of Labor Statistics data. “Anything under two is good. It means inflation isn’t the story.”
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With macro risks in check, his focus narrowed to USDT dominance, the metric he has used all cycle to time rotations into riskier assets. Tether’s market‑share chart has completed a bear‑flag breakdown and is now pressing the 0.786 Fibonacci support band at roughly 4.14 percent. “When money‑flow is deep red on USDT‑D, that’s the green light for altcoins,” he said, emphasising that fresh downside in the stablecoin gauge would coincide almost mechanically with upside in DOGE. A hotter‑than‑expected CPI could deliver a short, counter‑trend bounce in USDT‑D, “but the path of least resistance is lower,” he insisted.
The anchor for Kevin’s bullish thesis is an unmistakable double‑bottom on Dogecoin’s weekly chart that formed exactly on the macro 0.382 retracement of the 2024–25 advance and directly atop a multi‑year down‑trend line. “Flip the chart upside‑down,” he told viewers, “and you’d run from it—it looks like a perfect double‑top. Flip it back and it’s a gift.” Volume profiles confirm the pattern: sellers exhausted themselves on the second dip, while relative‑strength momentum created a higher low, an early signal that bulls are wresting control.
Kevin’s conviction draws added weight from what is unfolding in the aggregate altcoin indices. Total 3—market‑cap ex‑Bitcoin and ex‑Ether—has slammed into a resistance “yellow box” that capped rallies all spring, yet the analyst believes the ceiling will crack soon. A pending daily golden cross on Total 2 (market‑cap ex‑Bitcoin) marks the fourth of the cycle; each prior cross generated a brief pullback of 9‑19 percent before giving way to fresh highs. “Golden crosses are lagging, so you manage risk here—pay yourself a little—but the trend is higher once the dust settles,” he said.
For Dogecoin specifically, Kevin identified a hierarchy of breakout objectives: the local range high at $0.21, the $0.48 pivot from 2024, and the former all‑time high near $0.74. Beyond that he flagged extensions at $1.32 and $2.00, noting that targets lose utility if projected too far in advance. “We analyse the here and now; we let the chart earn the next level,” he cautioned, before reminding newcomers that DOGE is already a ten‑bagger off its June 2024 trough—a feat matched by few large‑cap tokens.
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While audience questions repeatedly drifted towards Elon Musk and X and Tesla integration rumors, Kevin waved off the cult of personality. “Dogecoin doesn’t need Elon,” he said bluntly. The meme‑coin’s 10× rebound happened “with zero help from the world’s richest man,” and any future endorsement would likely serve as accelerant rather than spark. What matters, in his view, is liquidity: specifically, the Federal Reserve’s balance‑sheet trajectory and the timing of its eventual pivot away from quantitative tightening. “When QT ends, Bitcoin dominance tops. Then you get the real alt‑season,” he said, pointing to a perfect inverse correlation between Fed asset‑runoff periods and historical altcoin booms.
Ending the session, the analyst projected that a decisive weekly close above Bitcoin’s 1.886 fib at $120,000—and a simultaneous rollover in USDT dominance—would ignite the next leg. In that scenario, Dogecoin’s double‑bottom would evolve into a full trend‑reversal, vaulting price into territory last visited during the meme‑mania of 2021. “You haven’t seen anything yet,” he concluded. “Stay calm, stay cool, and let the chart do the work.”
At press time, DOGE traded at $0.19126.
Featured image created with DALL.E, chart from TradingView.com
