This Is The Last Opportunity To Buy Dogecoin ‘Relatively Cheap,’ Predicts Analyst

Source Newsbtc

Crypto analyst Kevin (@Kev_Capital_TA) suggests that Dogecoin’s current market structure signals “the last opportunity” for investors to acquire the meme coin at relatively low prices. Kevin points to several convergent technical indicators, including a back test of the macro 0.5 Fibonacci retracement near $0.158, a retest of descending multi‐year trend lines, a convergence with both the 200‐week Simple Moving Average (SMA) and Exponential Moving Average (EMA), and an historically low 3‐Day RSI reading.

Buy Dogecoin Now?

The DOGE/USD weekly chart reveals several Fibonacci retracement lines that may serve as support or potential downside targets. Around $0.158, Dogecoin is testing the 0.5 Fib level, while deeper areas include 0.618 near $0.1157, 0.65 near $0.1092, 0.70 around $0.097, 0.786 near $0.080, and a more distant 1.0 Fib labeled around $0.0942. Historically, these Fib zones have been areas where price action may stabilize if a downtrend continues. Kevin also highlights resistance near $0.28 (the 0.236 Fib) and an upper boundary around $0.47–$0.48 that marks a major swing high from previous rallies.

Dogecoin price analysis

From a trend perspective, the price is hovering in the $0.16–$0.17 region, where it is retesting the broken descending trend line drawn from Dogecoin’s 2021 peaks. Kevin’s analysis suggests that if Dogecoin can hold this line as support, it would reinforce the bullish scenario.

In tandem, the 200‐week SMA and EMA—often regarded as markers of long‐term market health—are situated in the approximate $0.13–$0.17 corridor. The overlap between these critical moving averages and the Fib levels underscores what Kevin sees as a strong risk‐to‐reward setup for long‐term positioning. He also points out that the 3‐Day RSI has reached territory he considers “historically low,” hinting at a possible oversold condition.

Beyond technical considerations, Kevin expresses a broader macroeconomic viewpoint: “If BTC holds up and Macro Economic Data and Monetary policy adjust then you just got your last opportunity to buy Dogecoin relatively cheap. A lot of factors at play and lots of work to do But the risk reward at this level is superb given the circumstances.”

He suggests that despite strong employment numbers and moderating inflation (supported by Truflation data and falling energy costs), the market is “wiping out trillions of dollars of wealth everyday on pure speculation of what imaginary Tariffs are gonna do that they knew were coming.”

He adds: “Employment numbers are phenomenal, growth is still strong, inflation is coming down rapidly per Truflation data and energy costs falling are the reason, the Fed is about to start easing again, wars are getting ready to end soon.”

He argues that the Federal Reserve may soon pivot to more accommodative policies and that ongoing geopolitical tensions may be waning. In his words, the current sell‐off “makes zero sense” and appears to be a “controlled attack on the markets by the powers that be” to sway public sentiment.

“I think it’s pretty obvious that there is a controlled attack on the markets by the powers that be to try and derail this administration and turn the retail crowd against them because this whole sell off makes zero sense. A lot of people are gonna look real stupid when it all settles out and the truth is revealed,” Kevin concludes.

At press time, DOGE traded at $0.16.

Dogecoin price
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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