A lot of factors at play and lots of work to do But the risk reward at this level is superb given the circumstances.” He suggests that despite strong employment numbers and moderating inflation (supported by Truflation data and falling energy costs), the market is "wiping out trillions of dollars of wealth everyday on pure speculation of what imaginary Tariffs are gonna do that they knew were coming.” Related Reading: Dogecoin Crash?
Kevin points to several convergent technical indicators, including a back test of the macro 0.5 Fibonacci retracement near $0.158, a retest of descending multi‐year trend lines, a convergence with both the 200‐week Simple Moving Average (SMA) and Exponential Moving Average (EMA), and an historically low 3‐Day RSI reading.Buy Dogecoin Now?
Analyst Predicts Drop To $0.12 Before Rebound He adds: "Employment numbers are phenomenal, growth is still strong, inflation is coming down rapidly per Truflation data and energy costs falling are the reason, the Fed is about to start easing again, wars are getting ready to end soon.” He argues that the Federal Reserve may soon pivot to more accommodative policies and that ongoing geopolitical tensions may be waning.
The story "This Is The Last Opportunity To Buy Dogecoin ‘Relatively Cheap,’ Predicts Analyst" has 540 words across 70 sentences, which will take approximately 3 - 5 minutes for the average person to read.
Which news outlet covered this story?
The story "This Is The Last Opportunity To Buy Dogecoin ‘Relatively Cheap,’ Predicts Analyst" was covered 14 hours ago by NewsBTC, a news publisher based in United Kingdom.
How trustworthy is 'NewsBTC' news outlet?
NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United Kingdom and publishes an average of 8 news stories per day.
It's most recent story was published 13 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
