In a series of updates, Kevin addresses how low Dogecoin can go before resuming its upward trajectory.How Low Can Dogecoin Go? “My first price target and a level we will want to hold for Dogecoin is the $0.30-0.26 range, which is the golden pocket retrace levels,” Kevin stated.“That’s a 30-40% correction from the local top, which in a bull market is a perfect size correction.” Related Reading: Buy Dogecoin Now Or Wait?
The price appears to have found temporary support at $0.35, but with the daily RSI only resetting to 80—still in overbought territory—a continuation of the correction cannot be ruled out.“A healthy 1-3 week correction/consolidation to cool off indicators would be the most beneficial thing that can happen to Dogecoin,” Kevin reiterated.“Happened multiple times on the way up in 2020-2021.
Applying this method to Dogecoin suggests a correction towards the $0.28 price level, which aligns closely with Kevin’s analysis targeting the $0.30-$0.26 range.“Looks like the correction I have been calling for the last couple of days is beginning on Dogecoin,” Kevin confirmed after observing the market movement.“Can’t go straight up, folks.
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