Last Opportunity To Buy Dogecoin ‘Relatively Cheap’: Analyst
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Crypto analyst Kevin (@kev_capital_ta) suggested that Dogecoin’s current market structure signal is the “last chance” and investors buy meme coins at relatively low prices. Kevin pointed out several technical indicators of convergence, including a macro test of 0.5 fiber acci recovery period approaching $0.158, retesting the multi-year trendline of the downgrade, and a fusion of 200-week simple moving average (SMA) and exponential moving average (EMA) and historic 3-day RSI reads.
Do you buy a dog now?
Governor/USD Weekly Chart reveal Several Fibonacci reversal curves that can be used as support or potential downside targets. At about $0.158, Dogecoin is testing the 0.5 fib level, while deeper areas include 0.618 close to $0.1157, 0.65 close to $0.1092, around 0.70 $0.097, 0.786 close to $0.080, and a more distant 1.0 FIB 1.0 FIB marked as $0.0942. Historically, these FIB zones have been price action that may be stable if the downward trend continues. Kevin also highlights resistance close to $0.28 (0.236 fiber) and cap about $0.47-0.48 Previous gatherings.
From a trend perspective, the price hovers around the 0.16-$0.17 region, where the broken trend line derived from Dogecoin’s 2021 peak was retested. Kevin’s analysis shows that if Dogecoin can support this line, it will strengthen the bullish situation.
Related Readings
In tandem, 200-week SMA and EMA are often seen as signs of long-term market health, located on a corridor around 0.13–$0.17. The overlap between these key moving averages and FIB levels underscores the strong risk to reward settings for Kevin considers the long-term positioning.
He also noted that the three-day RSI has reached what he believes is “very low in history”, suggesting possible excessive conditions.
Aside from technical considerations, Kevin expressed a broader macroeconomic view: “If BTC sticks with it, macroeconomic data and monetary policy adjustments, you’ve just got the last chance of a relatively cheap Dogecoin. There are a lot of factors and a lot of work to do, but in this case the risk rewards at this level are excellent.”
He suggested that despite strong and moderate inflation in the number of jobs (suffering from cumbersome data and energy costs), the market “was purely guessing what I imagined, consuming trillions of dollars of wealth every day tariff They know they know what is coming. ”
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“Employment is amazing, growth remains strong, inflation is falling rapidly, every cumbersome data decline and energy costs are the reasons, the Fed is about to start to ease, and the war is ready to end as soon as possible,” he added.
He believes the Federal Reserve Probably soon For more tolerant policies, and ongoing geopolitical tensions may be waning. In his words, the current sell-off “makes zero meaningful” and appears to be “a attack on the market controlled by the power of public sentiment.”
“I think it’s obvious that trying to derail this administration and put retail people against their powers in control attacks on the market because the whole sell is zero meaningful. When everyone solves it, a lot of people look really stupid and the facts are revealed,” Kevin concluded.
At press time, Doge traded at $0.16.
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