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Can Dogecoin Realistically Reach $3? Analyst Weighs In

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Can Dogecoin Realistically Reach $3? Analyst Weighs In - NewsBTC

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"Dogecoin has hit in both cycles the 1.618 fib.The 1.618 fib is at $3.94,” he reminded listeners, adding that the level has a "100 percent hit rate of being hit in each bull market.” Yet the analyst was equally emphatic that the inverse scenario — a tamer Bitcoin advance to the $120,000 to $130,000 area amid restrained policy easing — would cap Dogecoin near "previous all-time highs or $1.” The takeaway, Kevin insisted, is that alt-coins "are oscillators to Bitcoin [and] to monetary policy,” and that any deterministic forecast detached from macro conditions is a "fake answer.” For market participants hoping to time an exit, Kevin advocated a sentiment-driven framework instead of fixating on absolute price points.

If the Federal Reserve executes the dual rate cuts he expects in June and July — "there’s definitely rate cuts coming,” he asserted — and if loose monetary conditions send Bitcoin into the $220,000 to $250,000 range, then, in his view, "Doge can get to there.” Related Reading: Dogecoin Trader Who Nailed 300% Rally Says It’s About To Repeat By "there,” Kevin was referring not merely to a return to the 2021 all-time high of roughly $0.74, but potentially to a Fibonacci-extension level frequently eyed by technical traders.

Until then, traders eyeing a parabolic move in Dogecoin may find themselves tethered less to price targets than to the shifting tides of monetary policy, Bitcoin dominance and retail sentiment — the very trifecta Kevin argues will dictate whether the most famous Shiba Inu in finance can make the leap from cents to dollars.


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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 04:00:30 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 491 words

Reading Time: 3 minutes read

Sentences: 67 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 28182767

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

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News Last Updated: 14 hours ago

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