Dogecoin is currently hovering in a high-stakes "DCA zone," with analysts closely watching a specific technical level: $0.138. Reclaiming this price point isn't just about a small pump; it’s about fixing DOGE's long-term market structure.
The $0.138 Breakdown:
The Goal: Popular analyst Kevin (@Kev_Capital_TA) notes that DOGE needs a 3-day or weekly close above $0.138.
Why it Matters: Reclaiming this level puts DOGE back above the 200-week moving average and the macro 0.382 Fibonacci level. Staying above these is crucial for a bullish outlook; staying below them increases the risk of a deeper drop.
The BTC Factor: Dogecoin won't move alone. For DOGE to hit that $0.138 mark, Bitcoin likely needs to reclaim the $88,000–$91,000 range first to lead the broader market higher.
Current Market Sentiment:
Right now, DOGE is trading around $0.13, slightly under the target. While it has shown some resilience, the momentum remains bearish until it can flip $0.138 from resistance back into support.
The Takeaway: If you’re a DOGE holder, watch the weekly charts. A solid close above $0.138 could be the green light for the next leg up, but if Bitcoin continues to struggle, DOGE might revisit lower support levels near $0.12
