If Dogecoin Loses This Level, Expect A Major Crash: Analyst Warns

[Ben Graham]

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.

Dogecoin Must Hold This Key Zone

“Dogecoin holders as you can see DOGE came up to the macro golden pocket at the major resistance of .26-.28 cents and saw a rejection similar to the rest of the altcoins market after a really nice move,” he wrote, adding that price is “retesting the big support zone you want to hold… .213-.189 is all of your major daily MA’s, weekly bull market support band and the 0.5 FIB. Hold that zone and all is well Doge will end up bouncing higher. Fail it then your going back down into the shadow realm at the .14-.12 cents level.”

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.

Another commenter, @anthonyzamanz, noted the market’s correlation to Bitcoin—“Also all depend where Bitcoin will go…”—to which Kevin answered, “yes sir,” underscoring the top-down dependency altcoins retain on BTC’s path.

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.”

In practical terms, the roadmap laid out is binary and technical. A sustained bid inside $0.213–$0.189 would argue for continuation, potentially setting up another attempt at the $0.26–$0.28 range that capped the recent push. Losing that band on convincing volume and closing structure would, in Kevin’s words, open the “shadow realm” below, with $0.14–$0.12 flagged as the next major demand pocket.

For now, the chart places DOGE squarely at confluence, with bulls tasked to convert the moving-average cluster and mid-range Fibonacci support into a durable base before any serious discussion of upside resumes. As ever in altcoin cycles, the analyst and several respondents emphasized that Bitcoin’s behavior will likely arbitrate the outcome.

At press time, DOGE traded at $0.205.