Dogecoin Eyes $1.80 In Summer Rally As Analyst Flags Breakout Structure

The Dogecoin month-to-month chart has begun to echo the rhythmic, momentum-laden buildings that prefaced every of the meme-coin’s historic breakouts, in accordance with unbiased market technician Kevin, higher identified on X as @Kev_Capital_TA.

In a recent publication dated 1 Might 2025, Kevin notes that DOGE closed the April candle at $0.1795, up 4.2%, whereas defending two structural pillars he calls “the road within the sand”: the 0.382 Fibonacci retracement of your entire 2019-2021 advance at $0.1383 and the higher boundary of a 34-month falling wedge that originates on the Might-2021 peak.

“DOGE held the macro .382 and the macro down-trending help that I labelled as the road within the sand and in addition acknowledged was an outstanding risk-reward alternative,” Kevin wrote to his followers. “Month-to-month SuperTrend has not but gone vertical on this cycle and the month-to-month RSI is on the similar degree it was at when DOGE was at 11 cents, with a ton of room to run to the upside. Ignore the short-term noise—the pathway is laid and it’s time to begin taking place it.”

How Excessive Can Dogecoin Worth Go?

His chart reveals three wedge-shaped consolidations, every resolved by a vertical enlargement that topped precisely at a 1.618 Fibonacci extension. The present wedge—drawn with parallel yellow trend-lines from the 2021 excessive—broke to the upside in November 2024, tagged $0.48, and is now being retested from above. Kevin stresses that “macro down-trending help” has up to now responded as textbook help and due to this fact retains the worth construction constructive.

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Horizontal liquidity bands, shaded in violet, cluster at $1.25–$1.35 and $2.40–$2.60, marking the primary potential distribution zones of the brand new cycle. Instantly above the best of these bands sits Kevin’s final Fibonacci projection, a 1.618 extension at $3.94. When a follower requested whether or not his targets nonetheless stand, Kevin replied: “Seems to be like I mentioned $3.90 is unlikely and $1.80 is a stretch additionally however doable relying on how excessive BTC goes. Not likely target-setting—simply seems to be like I mentioned if BTC goes actually excessive then DOGE will too.”

Momentum gauges lend weight to his bullish narrative. The 14-period month-to-month Relative Energy Index, smoothed by a shifting common, rests at 51.3—nearly equivalent to the studying seen in December 2020 when DOGE was buying and selling at eleven cents. Earlier cycle peaks, highlighted with orange circles on Kevin’s chart, all pierced the 90-point zone, implying what he calls “a ton of room to run.” The SuperTrend indicator has flipped optimistic however has “not but gone vertical,” a situation Kevin interprets as latent fairly than exhausted pattern power.

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Supporting research paint an identical image: the long-term MACD printed its first optimistic histogram bar since 2021 in February and continues to climb, whereas Stochastic RSI sits at 6.4 / 14.5, close to oversold territory—a configuration that preceded each prior parabolic burst as soon as the gauge crossed north of 20.

Kevin embeds his technical view in a macro framework. “All of the proof I’ve—by charts and macro fundamentals—tells me we are going to doubtless discover a sturdy prime in BTC dominance within the Might-July months,” he wrote in a separate thread. “First time in years I’ve been prepared to say that, however the financial coverage is probably going going to align with the charts quickly and that’s what I’ve been ready for.” Pointing to the newest inflation knowledge, he added:

One other leg again down for inflation, right down to 1.35% on Truflation. 4 fee cuts are projected for the remainder of the yr and quantitative tightening will likely be ending… The pathway is laid for the second half of the yr for BTC and altcoins.”

At press time, DOGE traded at $0.179.

Featured picture created with DALL.E, chart from TradingView.com