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Dogecoin’s price has been stuck in a tight range for over six weeks, with analyst Kevin highlighting critical support and resistance levels. The memecoin’s momentum remains weak, and a decisive breakout is needed to determine its next major move.
- Dogecoin's price has been range-bound between $0.156 (resistance) and $0.138 (support) for over six weeks, with a break below $0.138 potentially ending its 2023 rally.
- Analyst Kevin dismisses premature bullish MACD cross claims, stating a true confirmation requires moving average expansion, which is currently absent.
- Bitcoin's broader market correction, lasting 114-174 days historically, could influence Dogecoin's trajectory, with a drop below $70,000 reducing chances of a new all-time high.
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