Dogecoin’s rare buy signal appears, but one mistake could derail it

Jakarta, Pintu News – Dogecoin (DOGE) is again at a technical crossroads, showing rare bullish indicators. However, one wrong move could derail the entire setup that has formed. Recent analysis from crypto strategist, Kevin (@Kev_Capital_TA), reveals that Dogecoin’s bounce from the $0.14 range may mark the beginning of a new uptrend, or conversely, be the first sign of failure.

Dogecoin Critical Zone

Kevin emphasized that Dogecoin has reached a very critical level. “We are at the level of the weekly 200 SMA, the weekly 200 EMA, and also the 0.382 macro Fibonacci retracement,” Kevin said. This combination of levels between $0.143 and $0.127 is what he calls the “make or break zone,” and Dogecoin is currently right in the middle of it.

Previously, the analyst had entered a long swing position at $0.141, marking the area as a strong risk-reward trading zone. “In a worst-case scenario, you can put a stop loss below that level… but the profit potential is huge,” he explains. Since then, DOGE has seen gains of around 6-7%, but the real test still lies ahead.

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Momentum Indicator and Critical Resistance

Despite the bounce, Dogecoin is still below all of its major daily and 4-hour moving averages. The next critical resistance is at $0.19. “If Dogecoin can reclaim $0.19, it will return to the $0.19 to $0.26 range,” Kevin explained, which is key for the continuation of the uptrend.

Dogecoin’s weekly RSI also provides an important story. Kevin pointed out that the weekly RSI has bounced off the 38 level several times during the current bullish cycle. Now, the coin is just above that zone. “Anything below 38 on this weekly RSI would be a sign of failure from the $0.143 to $0.127 range, which would be very risky,” he warned.

DOGE/BTC Analysis and Warnings

On the DOGE/Bitcoin (BTC) pair, Kevin noted that Dogecoin has returned to the “orange zone” that he previously highlighted as critical support. The strength of the zone will determine whether DOGE can maintain its relative strength against Bitcoin or continue to weaken as BTC’s dominance increases.

“Eventually, Dogecoin will follow Bitcoin,” he emphasized. Kevin ended with a warning based on his experience. “I’ve been in this world for a long time. The first move out of this pattern… sometimes it’s the wrong move. It traps people.” While a reversal may be underway, confirmation is everything-and the struggle to rise above $0.19 is still a major obstacle.

Conclusion

Currently, Dogecoin is trading at $0.166. Signals have emerged, but risks are also still present. Investors and market watchers should remain vigilant and not rush to assume that a full reversal has occurred.

Also Read: Dogecoin Continues to Slump: Is this $480 Utility Coin the Wiser Choice in the Crypto World?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Dogecoin: Rare Buy Signal But One Move Could Ruin It. Accessed on June 26, 2025
• Featured Image: Coin Central