reason to believe
Strict editorial policy
Carefully reviewed by industry experts
The highest standard in reporting and publication
Strict editorial policy
Morbi Pratium Leo et Nisl Elikum Molis. Quisk Arcu Loram, Ultris Quis Palenttec NEC, Ulkmopper EU Odio.
Esteculo Tambinene Esta Disponible N Esponol.
Crypto analyst Kevin (@Kev_capital_ta) suggests that the current market structure of dogcoin indicates “final opportunity” for investors that they get meme coin at relatively low prices. Kevin points to many convergence technical indicators, including a back test of Macro 0.5 Fibonacci Retress, descending multi, year -to -year trend lines, a recover of the year’s trend lines, 200 and week’s simple moving average (SMA) and a historical moving average (EMA), a reconciliation of a historical moving average (EMA) – Day RSI Reading.
Now buy dogcoin?
Doge/USD Weekly Chart It is revealed Many fibonacci retresting lines that can serve as support or potential negative goals. About $ 0.158, Dogcoin is performing 0.5 FIB level testing, while in deep areas $ 0.618 near 0.618, $ 0.1092 near 0.65, 0.65, 0.70 $ 0.097, near $ 0.786 near $ 0.080, 0.080, and 1.0 Fibs. Historically, these FIB areas are areas where the price action can stabilize if a downtrend continues. Kevin also highlights resistance near $ 0.28 (0.236 FIB) and is an upper limit around $ 0.47- $ 0.48 that marks a major swing from previous rallies.
From a tendency perspective, the price $ 0.16- $ 0.17 is hovering into the area, where it is re-preparing the broken descending trend line drawn from 2021 peaks of dogcaoin. Kevin’s analysis suggests that if Dogcoin can hold this line as support, it will strengthen the faster landscape.
Related reading
In the leading, 200 – SMA of the week and EMA – often considered as a marker of market market health – which is located in the approximate $ 0.13- $ 0.17 corridor. Overlap between these important moving average and FIB levels, sees Kevin as a strong risk, which is the Indress Reward setup for long term positioning.
He also suggests that the 3 -day RSI has reached the region, which he considers “historically low”, indicates on a possible oversold position.
Beyond technical ideas, Kevin expresses a comprehensive macroeconomic approach: “If BTC and Macro adjusts economic data and monetary policy, you just got your last opportunity to buy dogcoin relatively cheap. To do a lot of factors and a lot of work in playing, but at this stage it is fantastic given the circumstances of risk reward. ,
He suggests that despite modeling strong employment numbers and inflation (supported by truly data and falling energy costs), the market is “wiping dollars everyday, wiping the dollars of dollars everyday, what the fictional tariffs are to do, which they knew they were coming.”
Related reading
He says: “The number of employment is unprecedented, growth is still strong, inflation is rapidly coming down, the reason for the cost of collapsing data and energy is to fall, the fed is going to start again, the war is ready to end soon.”
They argue that the Federal Reserve may soon be axis for more adjustment policies and ongoing geopolitical stress may deviate. In his words, the current sells “zero understanding” and to bold public sentiment “seems to be an attack on markets by powers”.
“I think it is very clear that there is a controlled attack on the markets by the powers that are to try and get out of the tracks and to turn on the retail against them because this whole sales makes zero understanding. Many people are going to look real stupid when all of them fall out and the truth comes out,” Kevin is unlikely.
At the press time, Dogi traded at $ 0.16.
Image made with Dall.E, chart from traudingview.com
