This Is The Last Opportunity To Buy Dogecoin ‘Relatively Cheap,’ Predicts Analyst
March 12 2025 - 6:00PM
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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. 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. Related Reading:
Dogecoin’s Darkest Hour? Sentiment Tanks, Whales Accumulate 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.” Related Reading: Dogecoin Crash? Analyst
Predicts Drop To $0.12 Before Rebound 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. Featured image created with DALL.E,
chart from TradingView.com
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