Dogecoin is starting to attack with increasing momentum as the entire crypto market begins get a visual check-inespecially in the last 24 hours. This significant increase in inflows has seen the price of Dogecoin increase by almost 16% in the last 24 hours and the price level of $0.40 now seems within reach again.
According to the technical opinion of crypto analyst Kevin (@Kev_Capital_TA), Dogecoin needs to clear the big gold pocket around $0.49 to ensure a strong rise to new all-time highs.
Macro Golden Pocket At $0.49: The First Hurdle
Crypto Analyst Kevin recently shared his views on X, highlighting critical resistance levels for Dogecoin that must be cleared before the cryptocurrency begins its journey towards new all-time highs. Using the Fibonacci extension levels revealed from Dogecoin’s previous bear market low in 2022/2023, Kevin calculates key price points for the bulls, starting with a large gold pack at $0.49.
Kevin identified $0.49 as a “big gold pocket,” the first major resistance point Dogecoin must overcome to begin breaking out. This level represents an important extension point in the Fibonacci indicator and sits near the 0.65 Fib. Interestingly, the $0.49 macro gold pack served as a top for an interesting Dogecoin rally in late 2024. Dogecoin’s rejection at $0.49 started to be corrected, which eventually resurfaced at the 0.382 Fib extension level.
Breaking $0.49 would put Dogecoin at its highest price point in nearly four years. This will undoubtedly provide momentum and give Dogecoin bulls the confidence to push the price higher.
Path to New All-Time Highs: Next Resistance Levels at $0.53 and $0.59
Crypto analyst Kevin also highlighted key price points to keep an eye on when Dogecoin finally breaks the big gold pack at $0.49. Following the breakout at $0.49, the next key resistance lies at $0.53, marked by another key Fibonacci retracement level at 0.703.
Outside of $0.53, Dogecoin will face what Kevin described as “the last boss” at $0.59. Interestingly, this price point is also marked by another Fib extension level at 0.76. This level holds historical significance as a limit before Dogecoin reaches its current high in 2021. The last time Dogecoin made a clean break above $0.59 at the 0.76 Fib extension, it took only a few days to reach its full duration. is estimated at 0.731 US dollars.
With this in mind, another clean break above $0.59 it will pave the way for Dogecoin to challenge its all-time highs and explore uncharted price territory.
At the time of writing, Dogecoin is trading at $0,389 and is up 15.5% and 23.5% in 24 hours and seven days, respectively.
Featured image from Pixabay, chart from TradingView