Is Dogecoin (DOGE) on the decline? Kev Capital TA Analyst Gives 5 Facts of His Analysis!

Jakarta, Pintu News – Dogecoin’s (DOGE) price increase in the short term seems to have hit a roadblock. Crypto analyst, Kevin from Kev Capital TA, warns that DOGE is at risk of a decline if it fails to hold at important support levels.

This article will discuss the current analysis of DOGE and how market conditions, especially Bitcoin (BTC) movements, may affect the further price direction of DOGE.

1. Dogecoin (DOGE) Loses Bullish Momentum

Crypto analyst Kevin revealed that the Dogecoin (DOGE) price is now in a more vulnerable position after experiencing significant gains earlier. In a live broadcast at the end of August 2025, Kevin emphasized that DOGE’s current technical structure is likely to be a trap for buyers. This indicates further downside potential for DOGE, especially if there is no strong enough support at levels around $0.20.

According to Kevin, DOGE is now more influenced by the movements of Bitcoin (BTC) and Ethereum (ETH), rather than just the market power of DOGE itself. This shows how much of a macro influence the crypto market has on Dogecoin. If Bitcoin moves down, DOGE is likely to follow suit.

Also Read: Dogecoin (DOGE) Price Prediction: 3 Key Levels to Watch This Week

2. Critical Support at $0.20

Kevin noted that the $0.195-$0.189 price level is a very crucial support zone for Dogecoin. In this area, DOGE currently has support from several technical indicators, including the 100-day EMA and 200-day EMA. If DOGE manages to hold above these levels, there is a possibility that the price will stabilize again.

However, if the price of DOGE falls below $0.19, it could pave the way for a deeper drop. Kevin predicts that if Dogecoin loses this support, the price could fall towards the major trend line which is around $0.16. Below this level, there is further support around $0.14 and $0.13 that may deter further declines.

3. DOGE Depends on Bitcoin (BTC) Movement

Kevin also warned that Dogecoin’s fate is highly dependent on Bitcoin (BTC) movements. When Bitcoin rallies, DOGE tends to surge, as it did the previous Friday when DOGE jumped about 11-12% as Bitcoin rose 3.5%. However, if Ethereum (ETH) dominates the market, then Dogecoin is likely to be left behind.

It is important to note that DOGE is heavily influenced by Bitcoin’s dominance in the crypto market. If Bitcoin manages to maintain its bullish momentum, DOGE could get a boost, but if ETH’s dominance increases, then Dogecoin will likely struggle to outperform the market.

4. Key Resistance Located at $0.28-$0.26

On the other hand, Kevin pointed out that DOGE faces strong resistance at the $0.28 to $0.26 level. This resistance has limited DOGE’s upside attempts since the first quarter of 2025. If DOGE fails to break this resistance, it is likely that the price will correct again.

Kevin also noted that if DOGE manages to break through this resistance, there is a chance for the price to continue its rise towards higher Fibonacci levels, which is around $0.329 to $0.413. However, in order to reach these levels, DOGE will have to overcome various resistance levels that have proven difficult to break.

5. What Happens If DOGE Falls to $0.16?

If DOGE fails to hold in the $0.19-$0.20 zone, it is likely to plunge deeper towards $0.16. Kevin warns that this could be a signal that the DOGE market is entering a longer bearish phase. If this happens, deeper support levels will be tested, and Dogecoin could lose the bullish momentum it has established.

However, if DOGE manages to hold the $0.19-$0.20 zone, it is possible that the price will stabilize within its upward channel, waiting for the catalyst of Bitcoin’s next move. For investors, it is important to follow these developments closely to avoid greater risks.

Conclusion

Recent analysis shows that Dogecoin (DOGE) is at an important junction. If DOGE manages to hold support around $0.19-$0.20, the price is likely to stabilize again. However, if it fails to hold, a drop towards $0.16 or lower is possible. As an investor, it is important to monitor the movements of Bitcoin (BTC) and Ethereum (ETH), as these two currencies greatly influence the direction of the Dogecoin market.

Also Read: Ethereum (ETH) Prepares to Surge Again: Will History Repeat itself in September 2025?

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Reference

• NewsBTC. Dogecoin Crash: Analyst Warns Bulls Are Out of Time. Accessed on August 27, 2025