Buy Dogecoin Now? Analyst Says This Is the Spot

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
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