Technical analyst Kevin, known on X as @Kev_Capital_TA, highlights what he describes as "a low at the exact level that we were eyeing for the last couple of months.” In a post that accompanied the chart, the chartist pointed to the confluence between the macro 38.2 percent Fibonacci retracement—drawn from the 2021 all-time-high to last year’s capitulation low—and a long-running falling resistance line that has acted as support since the depths of the bear market.Spot price touched $0.138 — the numerical location of that 0.382 retracement — before rebounding to the current $0.18 region.
"Never at any point has BTC or altcoins moved into a parabolic stage,” he wrote, attributing the muted slope to "monetary policy and a lack of liquidity which leads to less social risk.” The analyst sees that dynamic changing as "global liquidity starts to rise and monetary policy starts to ease,” although he cautions that the timetable has been stretched by what he calls "the mistakes by central banks and governments during the pandemic and post pandemic.” For now, the memecoin that began as a joke remains tethered to the macro conversation.A base at the 0.382 Fib and a synchronized momentum reset provide a technical springboard, but Kevin’s thesis—and Dogecoin’s path toward the higher Fib targets of $0.26, $0.41 and beyond—ultimately hinges on the broader cycle delivering the liquidity that has been absent so far.
Related Reading: Dogecoin MVRV Returns To This Crucial Level — DOGE Price Up 400% The Last Time Should Dogecoin reclaim that zone, the full 100 percent retracement near $0.73839 would recover the entirety of the prior decline, while a shaded violet band above $1 depicts the extension territory that would formally usher in price discovery.
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