My goal is to have 25% of entire bag sold by the time we get to $1, then we ride from there and play it as it goes.” Related Reading: Dogecoin Outperforms Bitcoin: Bloomberg Expert Explains Why Despite the bullish momentum, Kevin warns of an impending market correction that could impact Dogecoin significantly.“The correction that is inevitably coming is going to melt so many weak hands away; it’s gonna be wild to see,” he cautioned.
I think this is the likely scenario in the short term,” Kevin explained.“That RSI needs to cool off badly.” Related Reading: Dogecoin Price May Explode By 10,200% Based On Classic Chart Pattern: Expert Kevin predicts a short-term price decline for Dogecoin before a resurgence.“I think Dogecoin will go back to $0.26–$0.28 and then reload to come back up and break ATHs [all-time highs],” he stated.
A high RSI indicates overbought conditions, suggesting a potential price reversal.“Still keeping a close eye on Dogecoin for a sharper drop,” he commented.“Based off history and the current technicals, it still heavily supports a correction to cool off indicators before heading higher.” He pointed out that Dogecoin’s daily RSI has reached alarming levels.“Daily RSI just tapped 94 again and the 0.786 FIB [Fibonacci retracement level].
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