Crypto analyst Kevin, known online as Kev Capital TA, has started buying Dogecoin again after the memecoin fell back to what he calls a major long-term support zone near $0.095. In a video published April 20, he explained that this level is significant because it aligns with the measured move target of Dogecoin’s weekly bear flag pattern and is a price area that has repeatedly acted as both support and resistance in the past.
Kevin believes Dogecoin’s corrective move from its December 2024 high near $0.49 has now largely fulfilled the downside target he had been watching for months. He places that target at about $0.095, which he views as not just a technical target but a historically important zone. He pointed to August 2024, when Dogecoin bottomed near the same area before rallying sharply in the fourth quarter, and to earlier periods in 2022, 2023, and early 2024 when this price band acted as resistance, support, or a breakout-retest level.
However, Kevin stopped short of declaring a confirmed macro bottom for Dogecoin. His broader framework remains centered on Bitcoin, which he sees as the market’s primary signal. “Altcoin charts are not living in their own world,” he said. “Bitcoin is the captain. Bitcoin is the king. Bitcoin is the queen. Whatever way you want to put it, that’s the way the market goes.”
This perspective shapes his Dogecoin strategy. Kevin said he has started a position at current levels, but only as part of a gradual accumulation plan that depends heavily on how Bitcoin behaves in the coming weeks. He plans to continue allocating into Dogecoin if given the opportunity, potentially down to levels like $0.08, $0.07, $0.06, or even $0.05 if Bitcoin moves lower.
His near-term outlook is cautiously constructive. He pointed to improving weekly money flow, buy signals, upside movement in weekly stochastic RSI, and a bullish turn in LMACD on lower time frames as evidence of a countertrend rally. But he argued Dogecoin still faces significant technical resistance before a real trend reversal can be discussed.
On the weekly chart, Kevin said Dogecoin needs to reclaim the 21-week EMA and 20-week SMA around the low-$0.11 area, with higher resistance bands around $0.136, $0.147, and $0.161. On the monthly chart, he finds the picture less convincing, noting that Dogecoin recently closed below the 100 EMA on the monthly chart for the first time in its history, while monthly momentum indicators have yet to show the kind of reset associated with the end of a bear market.
“Treat it as a bear market for now,” he advised. “This countertrend rally is nice, but for now, it’s still just a countertrend rally on the crypto market until proven otherwise.”
That leaves Dogecoin in a familiar position: attractive enough for selective accumulation, but still dependent on Bitcoin to validate any broader reversal. Kevin expects the “true bottom” for the cycle to arrive sometime between July and October if the standard four-year pattern continues. Until then, his message is less about chasing Dogecoin and more about patient, measured accumulation.It’s less about Dogecoin itself and more about watching the asset that still influences everything around it. At press time, DOGE was trading at $0.09558. Featured image created with DALL·E, chart from TradingView.com.
Frequently Asked Questions
FAQs Analyst Resumes Dogecoin Purchases as Price Reaches Key Threshold
Beginner Questions
1 What does Analyst Resumes Dogecoin Purchases mean
It means that financial analysts who had previously stopped buying or recommended against buying Dogecoin are starting to buy it again or change their recommendation because its price has hit a specific important level they were watching
2 What is a key threshold in crypto
A key threshold is a specific price point that traders and analysts watch closely It could be a round number a past high or low or a technical level Breaking above or below it is seen as a significant signal for future price movement
3 Why would analysts start buying again
Analysts might resume buying if the price breaking through a key threshold suggests the previous downward trend is reversing indicating a potential new upward trend and a chance for profit
4 Is this a good sign for Dogecoin
It can be as it shows renewed professional interest and confidence However its not a guarantee the price will keep rising and you should always do your own research
5 Should I buy Dogecoin because analysts are
Not necessarily Analysts actions are one data point You should only invest money you can afford to lose based on your own risk tolerance and understanding of the highly volatile crypto market
Intermediate Advanced Questions
6 What kind of key threshold are they likely watching
They could be watching technical levels like the 200day moving average a major resistance level that has capped price rallies before or a psychologically important round number The specific threshold depends on their analysis method
7 Does this mean the institutional money is moving into Dogecoin
Not exactly While some analysts may work for institutions this phrase more often refers to professional retail or independent analysts True largescale institutional investment in Dogecoin is still less common than in assets like Bitcoin or Ethereum
8 Whats the risk of following this signal
The main risk is a false breakout The price might briefly cross the threshold triggering buys then fall back down This can trap buyers who bought at the higher price Analysts can also be wrong
9 How can I identify these key thresholds myself
You can use technical