Fun

Buy Dogecoin Now? Analyst Says This Is the Spot

News Feed - 2025-03-06 03:03:15

Este artículo también está disponible en español.


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.” Dogecoin weekly RSI | Source: X @Kev_Capital_TA


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. Doge price, 1-day chart | Source: DOGEUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

News Feed

Helen Partz10 hours agoJack Dorsey’s ₿trust acquires African Bitcoin organization QalaAs part of the acquisition, Qala is rebranding as the ₿trust Builders Programme, aiming to drive development and education acros
Spot Ethereum ETFs post $113M of outflows on second day of launch
Tom Mitchelhill3 hours agoSpot Ethereum ETFs post $113M of outflows on second day of launchThe “newborn” eight ETFs didn’t manage to outrun the $327 million of outflows from Grayscale’s recently converted Ethereu
Samsung to Aid Bank of Korea in Central Bank Digital Currency Pilot Program
Samsung to Aid Bank of Korea in Central Bank Digital Currency Pilot Program Samsung, the Korean tech giant, has decided to participate in a central bank digital
Bitcoin investment fund opens doors to EU citizenship
Ezra Reguerra11 hours agoBitcoin investment fund opens doors to EU citizenshipA new fund offers a way to gain citizenship in Portugal by indirectly investing over $500,000 into Bitcoin.3407 Total views4 Total sharesListe
Jonathan DeYoung11 hours agoMeet the 13-year-old student selling sneakers for Bitcoin: The Agenda podcast13-year-old Blake Cockram founded CryptoKicks last year, and now he is teaching sneakerheads in the U.K. about all
Cash App Introduces Paid in Bitcoin, BTC Roundup and Lightning Network Services
Cash App Introduces Paid in Bitcoin, BTC Roundup and Lightning Network Services At the Bitcoin 2022 conference in Miami, Block, Inc., formerly Square, Inc., announced three new bit
Derek Andersen18 hours agoBasel Committee to consider disclosure requirements for banks’ crypto assetsThe committee already imposes a limit on crypto holdings in bank reserves, but the concentration of crypto in a smal
World’s Largest Asset Manager Blackrock Sees ‘Very Little’ Demand for Cryptocurrencies
World’s Largest Asset Manager Blackrock Sees "Very Little" Demand for Cryptocurrencies The world’s largest asset manager with $9.5 trillion under managem
Former US Regulator Likens FTX and Sam Bankman-Fried to Bernie Madoff and His Ponzi Scheme
Former US Regulator Likens FTX and Sam Bankman-Fried to Bernie Madoff and His Ponzi Scheme Former Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair likens the fall of
FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense
FTX"s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, S
Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms
Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichu
Ana Paula Pereira14 hours agoGitHub, Hugging Face, urge EU to relax open-source AI rulesAn open letter calls for a review of the European AI Act, claiming that existing provisions would hinder open source AI development.