A widely followed chartist says Dogecoin’s latest rally has run into textbook resistance and the memecoin now sits on a make-or-break support band that will determine whether momentum resumes or unwinds. Crypto analyst Kevin (@Kev_Capital_TA) published a daily chart on X on July 31, 2025, showing DOGE pulling back to roughly the $0.22 area after a rejection beneath $0.28.
The accompanying chart—set to the one-day timeframe—depicts DOGE’s advance into the $0.26–$0.28 “macro golden pocket,” a term traders typically use for the 61.8%–65% Fibonacci retracement cluster that often caps counter-trend moves. Kevin’s map highlights how the rejection there coincides with a dense shelf of historical supply and a clearly defined horizontal resistance band dating back to prior distribution.
The subsequent slide has brought DOGE back into a breadth of confluent supports: a cluster of key daily moving averages, the analyst’s “weekly bull market support band,” and the 50% retracement of the prior swing, all stacked between $0.213 and $0.189. Confluence of this kind—multiple widely watched signals occupying the same price zone—often becomes a battleground; a decisive defense can restore trend structure, while a breach can accelerate liquidations.
Community responses pressed the analyst on consistency and risk framing. One user, @SmRatul1994, challenged the shift in tone: “You just said Doge was very well positioned a couple weeks ago. Now you’re saying the opposite which things change so quickly?”
Kevin replied that his guidance has been contextual and level-driven rather than directional at all costs. “I remember telling people to take profits at .40+ cents in December a buy at .14 cents twice this year both of which produced 70+% gains and I also remember telling people to take profits at the highs both times. Don’t cry in the casino buddy. I have been saying BTC and the Altcoin market was at major resistance for over a week now,” he said.
When a separate user quipped, “To summarize, dogecoin will go up, if not it will go down,” Kevin distilled the thesis back to the levels: “Hold those levels and go up if not go down. You almost had it.”
At press time, DOGE traded at $0.205.
