Dogecoin is beginning to attack with upward momentum as all the crypto market starts to receive notable inflows, especially within the last 24 hours. This notable increase in inflow has seen Dogecoin’s price particularly surging by about 16% previously 24 hours and the $0.40 price level now seems close by again.

Based on a technical outlook by crypto analyst Kevin (@Kev_Capital_TA), Dogecoin must clear a macro golden pocket around $0.49 with a purpose to validate a stronger upward move to latest all-time highs.

The Macro Golden Pocket At $0.49: The First Barrier

Crypto analyst Kevin recently shared his insights on X, highlighting Dogecoin’s critical resistance levels that should be cleared before the cryptocurrency can embark on a journey toward latest all-time highs. With the usage of Fibonacci extension levels projected from Dogecoin’s previous bear market low in 2022/2023, Kevin mapped out key price points por bulls, starting with the macro golden pocket at $0.49.

Kevin identified $0.49 because the “macro golden pocket,” the primary major resistance zone Dogecoin must conquer to initiate a bullish breakout. This level represents a big extension point within the Fibonacci indicator and sits across the 0.65 Fib. Interestingly, the $0.49 macro golden pocket served as the height of Dogecoin’s intriguing rally in late 2024. Dogecoin’s rejection at $0.49 kicked off a correction, which eventually rebounded on the 0.382 Fib extension level. 

Breaking through $0.49 would put Dogecoin at its highest price point in almost 4 years. This in turn would undoubtedly provide the strength for further upward momentum and provides Dogecoin bulls the boldness to push the value higher.

Path To Recent All-Time Highs: Subsequent Resistance Levels At $0.53 And $0.59

Crypto analyst Kevin also highlighted key price points to control when Dogecoin eventually breaks above the macro golden pocket at $0.49. Following a breakout at $0.49, the subsequent critical resistance lies at $0.53, marked by one other key Fibonacci retracement level at 0.703. 

Beyond $0.53, Dogecoin will face what Kevin described because the “final boss” at $0.59. Interestingly, this price point can be marked by one other Fib extension level at 0.76. This level holds historical significance as a threshold before Dogecoin reached its current all-time high in 2021. The last time Dogecoin made a clean break above $0.59 on the 0.76 Fib extension, it took only just a few days for it to succeed in its all-time high of $0.7316.

With this in mind, one other clean break above $0.59 would pave the best way for Dogecoin to challenge its previous all-time high and explore uncharted price territory.

On the time of writing, Dogecoin is trading at $0.389 and is up by 15.5% and 23.5% previously 24 hours and 7 days, respectively.

Featured image from Pixabay, chart from TradingView