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Can Dogecoin Realistically Reach $1? Analyst Sees Strong Setup

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Can Dogecoin Realistically Reach $1? Analyst Sees Strong Setup - NewsBTC

Quick Summary:

Related Reading: Dogecoin Looks Incredible Here,’ Says Crypto Analyst — Here’s Why Sceptics might flag Dogecoin’s 2021 spike—fueled by social-media fervour and Elon Musk’s "Saturday Night Live” appearance—as a one-off event; Kevin counters that the same Pi-cycle moving-average pair that nailed prior tops is "nowhere near crossing,” implying headroom before froth returns.

In a 13-minute market update published on Sunday, independent strategist Kevin—known online as Kev Capital TA—answered with an unequivocal "yes,” pointing to a confluence of long-term Fibonacci targets, momentum indicators and a macro backdrop he believes is finally turning supportive for high-beta crypto assets.

The shorter-term yellow average, he said, "won’t even start moving higher until Dogecoin hits 40 to 41 cents,” leaving a notional 145% cushion between today’s price and $1 even in an advancing market.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-12 @ 08:30:09 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 575 words

Reading Time: 4 minutes read

Sentences: 69 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 28602089

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 9 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

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Publication Timezone: GMT +8:00

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Publisher ID: #102

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