Buy Dogecoin Now? Analyst Says This Is the Spot
March 05 2025 - 12:30PM
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Crypto analyst Kevin (known on X as @Kev_Capital_TA) has outlined
what he deems a potentially ideal accumulation window for Dogecoin.
In a series of posts, he highlighted key technical indicators,
regulatory conditions, and macroeconomic shifts that could converge
to propel the meme-inspired asset in the near to mid-term. Why
Buying Dogecoin Now Could Be A Good Idea Kevin points out that
Dogecoin’s weekly Relative Strength Index (RSI) is currently
situated at a threshold it last occupied in October of last year,
when the DOGE price hovered around $0.10. According to him, this
low RSI level, combined with a critical trend line that has held
since early 2023, underscores a possibility of an oversold state:
“The Dogecoin weekly RSI is at the same level it was at when price
was at .10 cents in October of last year. We are also at a critical
trend line that we have been holding since 2023 and the macro 0.5
Fib retrace at .19 cents. Lots of oversold indicators. If you were
looking to accumulate some DOGE not a bad spot to start. With
proper allocations of course just in case.” He also notes that the
3-day Moving Average Convergence Divergence (MACD) indicator is on
track for a potential bullish reversal, an event he believes to be
vital for timing entries and exits. This, combined with fairly high
odds for a spot DOGE ETF in the United States and the expected
launch of X Payments, presents an ideal opportunity: “Odds favor by
63% a Dogecoin ETF by end of year. Imagine that and X payments
after the correction is over and 3Day MACD is fully reversed.
Timing is everything.” On the macroeconomic front, Kevin references
comments made by MicroStrategy founder Michael Saylor, who
suggested that former US President Donald Trump’s tariffs might
function as a form of stealth quantitative easing—weakening the US
dollar, fueling inflation, and thereby compelling the Federal
Reserve to soften interest rates or expand its balance sheet. Kevin
praised Saylor’s viewpoint: “Omg everyone look, it’s someone who
understands macroeconomics and is trying to tell you what Trump’s
endgame is with Tariffs. This is why I have been showing you the
DXY chart overlaid with altcoins with the comparison to his last
administration.” Kevin argues that such macro dynamics can swiftly
bring liquidity back into risk markets, especially altcoins.
Another crucial factor, according to Kevin, is President Donald
Trump’s pro-crypto stance. Kevin perceives ongoing regulatory
developments to be historically favorable for the industry: “Let me
break it down for you. We have the most bullish and free regulatory
environment in crypto history along with the largest mass adoption
in history. At the same time we have the worst monetary policy and
macro environment arguably in crypto history. One of them is going
to inevitably change soon and the other will continue to grow. Sign
me up.” While cautioning that no entry point is without risks,
Kevin’s analysis suggests he views the present landscape—technical,
macroeconomic, and regulatory—as notably supportive for those
looking to accumulate Dogecoin. Whether the RSI, critical trend
lines, and looming macro shifts ultimately align to trigger a
sustained bullish swing remains to be seen. At press time, Dogecoin
traded at $0.20. Featured image created with DALL.E, chart from
TradingView.com
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