A popular analyst anticipated a further decline in Dogecoin’s (CRYPTO: DOGE) value on Tuesday amid the broader slump that rocked the cryptocurrency market.
What Happened: Kevin, known for sharing insights and forecasting price movements for the king of meme coins, expressed a bearish outlook in an X post.
“If BTC doesn’t bounce, then this probably has lower to go before finding a bottom,” the analyst cautioned, linking DOGE’s destiny with Bitcoin (CRYPTO: BTC), the world’s largest cryptocurrency.
Kevin had previously indicated that DOGE was “not in control of itself,” and its fate lies “purely in Bitcoin’s hands.”
Pretty bearish close for #Dogecoin. If #BTC doesn’t bounce then this probably has lower to go before finding a bottom. pic.twitter.com/Rh3wJ3KT3Q
— Kevin (@Kev_Capital_TA) January 8, 2025
See Also: …Full story available on Benzinga.com
