This Might Be Your Last Chance to Buy Dogecoin Cheap, Says Analyst
Crypto Expert Predicts a Major Shift as Dogecoin Hits Key Technical Levels
Dogecoin may not stay at its current price levels for long, according to crypto analyst Kevin (@Kev_Capital_TA). He believes this is the "last opportunity" for investors to scoop up the popular meme coin at a bargain. His prediction is based on multiple converging technical indicators, including a key Fibonacci retracement test, long-term trend line retests, and historically low relative strength index (RSI) levels.
Dogecoin Price at a Pivotal Level
Analyzing the DOGE/USD weekly chart, Kevin highlights several Fibonacci retracement zones that could act as support or downside targets. Right now, Dogecoin is testing the 0.5 Fibonacci level around $0.158, while deeper support areas include:
- 0.618 Fib at $0.1157
- 0.65 Fib at $0.1092
- 0.70 Fib around $0.097
- 0.786 Fib near $0.080
- 1.0 Fib around $0.0942
These historical levels often serve as key points where price action stabilizes during downturns. On the flip side, resistance sits near $0.28 (0.236 Fib) and an upper boundary in the $0.47–$0.48 range - a crucial level from previous rallies.
From a technical perspective, Dogecoin is hovering between $0.16 and $0.17, where it is currently retesting a descending trendline drawn from its 2021 highs. If it holds above this line, Kevin argues it would reinforce the bullish case for DOGE.
Additionally, the 200-week Simple Moving Average (SMA) and Exponential Moving Average (EMA) - widely seen as indicators of long-term market health - are currently sitting between $0.13 and $0.17. This alignment strengthens the argument for DOGE's current price being a strong entry point. Kevin also notes that the 3-Day RSI is at a "historically low" level, which could signal an oversold condition.
Bigger Economic Forces at Play?
Beyond just charts and technicals, Kevin brings a broader macroeconomic perspective into his analysis. He suggests that if Bitcoin remains stable and monetary policies shift favorably, this may truly be the last opportunity to buy Dogecoin at these levels.
He points to strong employment numbers, falling energy costs, and moderating inflation - factors that should be driving markets up instead of down. He criticizes the current sell-off, arguing that it “makes zero sense” and could be a “controlled attack on the markets” aimed at influencing 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,” Kevin says. He believes many will be proven wrong when the market rebounds.
With Dogecoin sitting at crucial technical and macroeconomic crossroads, investors will need to decide - is this truly the last chance to buy DOGE at a discount?
