Dogecoin Crash Incoming? Analyst Warns Bulls Are Out Of Time

The bullish trend in the near -term of Dogecoin may be turned on, as the Kevin (Kev Capital TA) warns that the collapse is already in implementation and that the issue of the Memecoin bull is now depending on a thin set of support about $ 0.20. In late August 25 Live broadcastKevin has argued that the Duj structure has deteriorated into a classic post -burning trap while his fate is still linked to the next step for Bitcoin.

Dugin bulls insects

He said: “This scheme does not really control its own destiny. It will follow what Bitcoin and ETH, especially Bitcoin, will follow, adding that the preparation that runs its heads on its screen was” a symmetrical style of the triangle … which was unprecedented.

The levels, in his opinion, are now brutally simple. On the upper side, the “main level … is the same”, where the golden pocket resistance is still parked at 0.285-0.261 dollars. This squad culminated in driving attempts since Q1, along with the top Fibonacci checkpoints – 0.703 at approximately $ 0.329 and 0.786 at $ 0.413 – set the ceiling that the bulls have failed repeatedly with power.

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On the negative side, Kevin represented $ 0.195 – $ 0.189 as a “main support zone”, align 0.5 FIB around $ 0.189 with Mas Doge’s Trend. “You are now supporting across 100 EMA and Daily 200 EMA,” as he referred to SMA for 200 days near $ 0.198 and an ascending channel that has seen “multiple taps to the highest and lowest level.

He lost this from 0.19 to $ 0.20, caution, and a lower path of resistance quickly decreases: “If you lose Dogecoin that, it is very likely (returning to the direction line … anywhere in 16 cents” with great support “great support”.

In other words, the “Crash” Kevin risks are the science less about the objectives of the exciting negative side and more about the mechanical nature of the DOGE structure if it is $ 0.19 giving way: a vacuum for the channel base near $ 0.16 first, then the previous demand rains if the momentum accelerates.

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The context matters, and Kevin stressed that Dog Beta is an overwhelming majority that moves it inside the encryption. When Bitcoin gathered during the fall of bitcoin dominance, Doug – “Dogecoin was a huge day” on the last Friday, citing an increase of approximately 11-12 % when BTC rose ~ 3.5 % and dominance slipped over 0.7 %. But “if ETH is outperforming the performance and was in the ETH season, you will not get a tremendous performance”, and he warned, and explained a lot of Duji’s relative stability while the specializations associated with lerenum and ETH-Beta names led to flows for several months.

Kevin tactical road map is blatant. First, respect the shelf from 0.195 to 0.189 dollars as a line between the controlled retreat and the unlimited direction line test. Second, accepting that the upper trend will most likely remain under $ 0.285 – 0.261 dollars until bitcoin comes higher and controls the bleeding in a sustainable manner. Third, avoid the classic liquidity trap to buy emotional nails in the resistance. “Do not buy altcoins at high levels,” he said. “Specializing it in those that are in great support,” and do so with small and risky increases instead of excessive weakness.

The bottom line of the analysis of the acute and sensitive Dogecoin. The post -combusting triangle has already begun to break; Belt 0.19 – 0.20 dollars is the “Life Artic”. Hold it and can settled Dog inside her rising channel while waiting for a friendly tape led by Bitcoin. It lost it, and “the plane crashes” in the definition of Kevin-which is a speedy move about $ 0.16, and if the pressure continues, then the teenagers’ support-the next chapter.

At the time of the press, Dog was traded at $ 0.21.

Distinctive image created with Dall.e, Chart from TradingView.com