The current price is around 0.13 USD, right in the core support zone that analysts are focused on. This area may determine whether it stabilizes or continues to decline.

Technical analyst Kevin pointed out that for Dogecoin to return to an upward trend, it must hold above 0.138 USD. This price point is crucial, as it corresponds to the 0.382 Fibonacci retracement level and overlaps with the 200-week moving average. Simply put, this is the "bull-bear boundary", and whether it can stabilize here is very important. Kevin reminds that a short-term surge does not count as a breakout; it needs to close above this level for three consecutive days or on a weekly basis to indicate a positive change in the technical outlook.

Historical trends also provide a reference. Since 2022, the range of 0.143–0.127 USD has been the "lifeline" for Dogecoin's medium to long-term direction. If the price holds within this range, there is often room for further upside; if it breaks below, it may lean bearish and continue to weaken. Kevin also mentioned that the area around 0.138 USD is currently similar to a "regular investment zone", with Dogecoin oscillating and digesting chips in preparation for the next move.

Moreover, Bitcoin remains a significant factor in determining Dogecoin's performance. If Bitcoin can return to the range of 88,000–91,000 USD, Dogecoin may also strengthen accordingly. However, Bitcoin is still under pressure from short-term moving averages, with the price around 87,696 USD, down about 2.38% in the last 24 hours, and the trend remains unstable.

Overall, whether Dogecoin can hold above 0.138 USD and maintain the lifeline is key to future price movements. In the short term, investors can pay attention to the performance of the support zone while keeping an eye on Bitcoin's movements. The market is volatile, and operations should be cautious.