Dogecoin Crash Incoming? Analyst Warns Bulls Are Out Of Time

Source Newsbtc

Dogecoin’s near-term uptrend may be running on fumes, with crypto analyst Kevin (Kev Capital TA) warning that a breakdown is already in motion and that the memecoin’s bull case now hinges on a thin band of support around $0.20. In a late-August 25 livestream, Kevin argued that DOGE’s structure has deteriorated into a classic post-rally trap while its fate remains tethered to Bitcoin’s next move.

Dogecoin Bulls Cornered

“This chart’s not really in control of its own destiny. It’s going to follow what Bitcoin and ETH do, mainly Bitcoin,” he said, adding that the setup turning heads on his screen was a “symmetrical triangle pattern… which is not bullish after an up move. It’s bearish. It’s typically [going to] break down,” a process he said appeared to be underway during the stream.

Dogecoin symmetrical triangle pattern

The levels, in his view, are now brutally simple. On the top side, the “major level… remains the same,” with the golden-pocket resistance still parked at $0.285–$0.261. That band has capped impulse attempts since Q1 and, alongside higher Fibonacci checkpoints—0.703 at ~$0.329 and 0.786 at ~$0.413—defines the ceiling that bulls have repeatedly failed to clear with authority.

On the downside, Kevin marked $0.195–$0.189 as “a major support zone,” aligning the 0.5 Fib around ~$0.189 with DOGE’s trend MAs. “You’re even in support right now via the 100 EMA and daily 200 EMA,” he noted, while pointing to the 200-day SMA near ~$0.198 and a rising channel that has seen “multiple taps to the high and the low.”

Lose that $0.19–$0.20 cluster, he warned, and the path of least resistance shifts quickly lower: “If Dogecoin loses that, very likely [it’s] coming back down to the trend line… anywhere from 16 cents,” with deeper legacy supports around $0.147, $0.137, and “the $0.14–$0.127 zone” described as the “big big support.”

Dogecoin long-term price targets

In other words, the “crash” risk Kevin is flagging is less about sensational downside targets and more about the mechanical nature of DOGE’s structure if $0.19 gives way: a vacuum to the channel base near $0.16 first, then prior demand shelves if momentum accelerates.

Context matters, and Kevin stressed that DOGE beta is overwhelmingly macro-driven inside crypto. When Bitcoin rallies while Bitcoin dominance falls, DOGE can rip—“Dogecoin had a phenomenal day” on a recent Friday, he said, citing a roughly 11–12% surge when BTC rose ~3.5% and dominance slid more than 0.7%. But “if ETH is outperforming and it’s in ETH season, you’re not going to get massive Dogecoin performance,” he cautioned, explaining much of DOGE’s relative lethargy while Ethereum-linked majors and ETH-beta names have led flows for months.

Kevin’s tactical roadmap is therefore stark. First, respect the $0.195–$0.189 shelf as the line between a controlled pullback and a disorderly trendline test. Second, accept that the upside will likely remain capped beneath $0.285–$0.261 until Bitcoin resolves higher and dominance sustainably bleeds. Third, avoid the classic liquidity trap of buying emotional spikes into resistance. “Don’t buy altcoins at the highs,” he said. “Allocate into ones that are at major support,” and do it in small, risk-aware increments rather than overextending into weakness.

The analyst’s bottom line for Dogecoin is blunt and time-sensitive. The post-rally triangle has already begun to fracture; the $0.19–$0.20 belt is “the lifeline.” Hold it and DOGE can stabilize inside its rising channel while it waits for a friendlier Bitcoin-led tape. Lose it, and “a crash” in Kevin’s definition—an accelerated move toward ~$0.16 and, if pressure persists, the mid-teens support stack—is the next chapter.

At press time, DOGE traded at $0.21.

Dogecoin price
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
US Dollar Index corrects to near 98.30 as Trump fires Fed’s CookThe US Dollar Index (DXY) corrects to 98.30 during the Asian trading session on Tuesday, following a decent recovery move the previous day.
Author  FXStreet
23 hours ago
The US Dollar Index (DXY) corrects to 98.30 during the Asian trading session on Tuesday, following a decent recovery move the previous day.
placeholder
Forex Today: Markets turn risk-averse as Trump renews tariff threatsThe US Dollar (USD) stabilizes after fluctuating wildly in the late American session on Monday and early Tuesday.
Author  FXStreet
19 hours ago
The US Dollar (USD) stabilizes after fluctuating wildly in the late American session on Monday and early Tuesday.
placeholder
Whales move from Bitcoin to Ethereum with $2.5B stakedWhales are rotating from old BTC holdings into ETH, signaling ongoing expectations of a market recovery and more relevance for Ethereum.
Author  Cryptopolitan
17 hours ago
Whales are rotating from old BTC holdings into ETH, signaling ongoing expectations of a market recovery and more relevance for Ethereum.
placeholder
Gold eases from $3,385 highs as Fed’s Cook refuses to resignGold‘s rally from Monday’s lows at $3,350 has been capped on Tuesday after hitting fresh two-week highs at $3,385.
Author  FXStreet
17 hours ago
Gold‘s rally from Monday’s lows at $3,350 has been capped on Tuesday after hitting fresh two-week highs at $3,385.
placeholder
Bitcoin Price Forecast: BTC slips below $110,000, wiping out over-leverage traders Bitcoin (BTC) hovers around $110,100 at the time of writing on Tuesday after closing below a key support level the previous day, triggering massive liquidations across the market.
Author  FXStreet
17 hours ago
Bitcoin (BTC) hovers around $110,100 at the time of writing on Tuesday after closing below a key support level the previous day, triggering massive liquidations across the market.
goTop
quote