Analyst Starts Buying Dogecoin Again As Price Hits Critical Level

Crypto analyst Kevin, known online as Kev Capital TA, said he has started buying Dogecoin again after the memecoin fell back to what he described as a major long-term support zone near $0.095. In a video published April 20, Kevin argued the level matters because it aligns with the measured move target of Dogecoin’s weekly bear flag and with a price area that has repeatedly acted as both support and resistance across prior cycles.

Dogecoin Could Be Near A Major Turning Point

Kevin said Dogecoin’s corrective move from its December 2024 cycle high near $0.49 has now largely fulfilled the downside target he had been watching for months. “If you just take the measured move target of the bear flag pattern, you’re basically sitting at the exact same price of what the measured move target is,” he said, placing that target at about $0.095.

Dogecoin monthly chart | Source: YouTube @Kev Capital TA

That level, in his view, is not just a technical target but a historically important zone. Kevin pointed back 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 the band acted as resistance, support, or a breakout-retest level. “This is a major level, right? This is a major major zone,” he said. “You found support here back in January 2024 before we legged up to the 23 cents level. You found the support here again in the summertime of 2024 before we legged up to 49 cents.”

Even so, Kevin stopped well short of calling a confirmed macro bottom in Dogecoin. His broader framework remains centered on Bitcoin, which he repeatedly described 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, whatever way you want to slice and dice it, that’s the way the market goes.”

That point shaped the rest of his Dogecoin thesis. 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 weeks ahead. “I have in our private group started a position in Dogecoin down at these levels,” he said. “My plan is to continue to allocate into it if I get the opportunity to. If Bitcoin were to leg lower … then I would hope to get the opportunity to then slowly, very slowly allocate into Dogecoin all the way down into this $0.08, $0.07, $0.06, .”