Will Dogecoin Skyrocket Soon? Chart Pattern Suggests Yes

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Will Dogecoin Skyrocket Soon? Chart Pattern Suggests Yes - NewsBTC

Quick Summary:

Kevin noted: “Dogecoin is catching a nice bounce off the retest of the falling channel I have been tracking along with its key 4HR moving averages.Very nice.” Despite Dogecoin’s promising technical setup, Kevin stressed that altcoins remain heavily dependent on Bitcoin’s direction and market dominance.

Kevin lamented that, in his view, the crypto market had been "the healthiest” it had looked in four years—highlighting how higher-quality utility coins were gaining traction and how investors seemed to be "fleeing to quality left and right.” However, he claims that "in just 36 hours,” those close to Trump released a memecoin that derailed this dynamic, sparking renewed meme coin speculation and pulling many solid projects down by double-digit percentages.

A key technical development on the Dogecoin (DOGE/USD) chart could hint at a bullish move if current support levels hold, according to crypto market analyst Kevin (@Kev_Capital_TA).