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A extensively adopted chartist says Dogecoin’s newest rally has run into textbook resistance and the memecoin now sits on a make-or-break assist band that may decide whether or not momentum resumes or unwinds. Crypto analyst Kevin (@Kev_Capital_TA) printed a day by day chart on X on July 31, 2025, displaying DOGE pulling again to roughly the $0.22 space after a rejection beneath $0.28.
Dogecoin Should Maintain This Key Zone
“Dogecoin holders as you possibly can see DOGE got here as much as the macro golden pocket on the main resistance of .26-.28 cents and noticed a rejection much like the remainder of the altcoins market after a very nice transfer,” he wrote, including that worth is “retesting the massive assist zone you need to maintain… .213-.189 is all your main day by day MA’s, weekly bull market assist band and the 0.5 FIB. Maintain that zone and all is effectively Doge will find yourself bouncing larger. Fail it then your going again down into the shadow realm on the .14-.12 cents degree.”
Associated Studying
The accompanying chart—set to the one-day timeframe—depicts DOGE’s advance into the $0.26–$0.28 “macro golden pocket,” a time period merchants sometimes use for the 61.8%–65% Fibonacci retracement cluster that usually caps counter-trend strikes. Kevin’s map highlights how the rejection there coincides with a dense shelf of historic provide and a clearly outlined horizontal resistance band courting again to prior distribution.
The next slide has introduced DOGE again right into a breadth of confluent helps: a cluster of key day by day shifting averages, the analyst’s “weekly bull market assist band,” and the 50% retracement of the prior swing, all stacked between $0.213 and $0.189. Confluence of this sort—a number of extensively watched indicators occupying the identical worth zone—usually turns into a battleground; a decisive protection can restore pattern construction, whereas a breach can speed up liquidations.
Neighborhood responses pressed the analyst on consistency and danger framing. One consumer, @SmRatul1994, challenged the shift in tone: “You simply stated Doge was very effectively positioned a pair weeks in the past. Now you’re saying the alternative which issues change so shortly?”
Kevin replied that his steering has been contextual and level-driven moderately than directional in any respect prices. “I keep in mind telling folks to take earnings at .40+ cents in December a purchase at .14 cents twice this 12 months each of which produced 70+% beneficial properties and I additionally keep in mind telling folks to take earnings on the highs each occasions. Don’t cry within the on line casino buddy. I’ve been saying BTC and the Altcoin market was at main resistance for over per week now,” he stated.
Associated Studying
One other commenter, @anthonyzamanz, famous the market’s correlation to Bitcoin—“Additionally all rely the place Bitcoin will go…”—to which Kevin answered, “sure sir,” underscoring the top-down dependency altcoins retain on BTC’s path.
When a separate consumer quipped, “To summarize, dogecoin will go up, if not it’ll go down,” Kevin distilled the thesis again to the degrees: “Maintain these ranges and go up if not go down. You virtually had it.”
In sensible phrases, the roadmap laid out is binary and technical. A sustained bid inside $0.213–$0.189 would argue for continuation, probably organising one other try on the $0.26–$0.28 vary that capped the current push.
Shedding that band on convincing quantity and shutting construction would, in Kevin’s phrases, open the “shadow realm” beneath, with $0.14–$0.12 flagged as the following main demand pocket.
For now, the chart locations DOGE squarely at confluence, with bulls tasked to transform the moving-average cluster and mid-range Fibonacci assist right into a sturdy base earlier than any severe dialogue of upside resumes. As ever in altcoin cycles, the analyst and a number of other respondents emphasised that Bitcoin’s conduct will seemingly arbitrate the result.
At press time, DOGE traded at $0.205.
Featured picture created with DALL.E, chart from TradingView.com
