Kevin explained in an X (formerly Twitter) post that the foremost meme coin has never failed to \u201cmeet or surpass the 1.618 Macro FIB extension measured from previous bull market highs to bear market lows. He further revealed that the current 1.1618 FIB on DOGE\u2019s chart is at $3.80, which means that it could meet and surpass this price level.\u00a0<\/p>\n
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The crypto analyst admitted that it could be more difficult for Dogecoin to attain such heights in this bull run than in previous cycles \u201cdue to the market cap and capital saturation,\u201d with more meme coins now in the market. However, he noted that it remains a possible outcome based on Dogecoin\u2019s historical performance.<\/p>\n
Based on this historical performance, Kevin also outlined $0.95 and $1.35 as other \u201cnotable\u201d price targets the meme coin could rise to even if it doesn\u2019t rally to $3. Kevin\u2019s analysis paints a more bullish outlook for Dogecoin, with several other crypto analysts already predicting it could rise to $1 at some point in this cycle.\u00a0<\/p>\n
Kevin is one of those who have remained bullish on Dogecoin despite its recent price performance. He suggested that the meme coin will soon overcome this downtrend while stating that it still has \u201cmultiple weeks of upward price action away from achieving this bull market milestone.\u201d\u00a0\u00a0<\/p>\n
The crypto analyst also recently remarked that Dogecoin achieving a monthly close above $0.16 is needed to confirm its bullish continuation. According to him, a close above that level \u201cwould confirm a perfect retest of the previous bear market accumulation range\u201d and set the \u201cmonthly momentum strongly for more upside.\u201d<\/p>\n
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