Dogecoin (DOGE) is at a critical technical juncture, and this position may directly affect its upcoming trend. According to the latest market conditions, DOGE is currently fluctuating around $0.13, which is an important support area closely monitored by many analysts.

$0.138! Dogecoin's 'turnaround threshold'

Well-known technical analyst Kevin pointed out that DOGE must regain a firm footing at $0.138 to restore its upward structure. Why is this position so important? Because it is the intersection of two key technical indicators: the macro 0.382 Fibonacci retracement level and the 200-week simple moving average.

It is particularly emphasized that a true breakthrough requires looking at whether the three-day line or weekly closing price can consistently hold this position, rather than temporary intraday fluctuations. He refers to the current price range as the "investment zone", where DOGE is consolidating near a key support level.

History does not lie: this range has brought DOGE back five times.

He warned as early as last November that 0.138 USD was a strong support level, and subsequently DOGE indeed broke below this position, adjusting down to the current level. He reviewed the long-term trend since 2022: every time DOGE's weekly relative strength index (RSI) falls below 40 and then recovers, the price tends to show a significant rebound; this pattern has repeated five times to date.

Currently, 0.143 - 0.127 USD is regarded as the "decision zone" for judging long-term trends: if it can maintain within this range, it often historically signals a continued rise; if it breaks down and the weekly RSI weakens simultaneously, it may turn bearish.

Key variable: Bitcoin's "mood" is very important.

At the same time, it is reminded that whether DOGE can return to the key price level largely depends on Bitcoin's (BTC) performance. He pointed out that if DOGE returns above 0.138 USD, it is likely to occur simultaneously with Bitcoin returning to the 88,000 - 91,000 USD range.

Currently, Bitcoin itself is facing technical challenges: since mid-September, BTC has consistently failed to stabilize above the key four-hour moving average system, and has recently encountered resistance and retreated multiple times at this position. As of the time of writing, BTC is quoted at approximately 87,700 USD, down 2.38% in the last 24 hours.

Summary: How should we view the current situation?

DOGE is at a critical juncture between bulls and bears, with 0.138 USD being the most important observation point recently. If it can stabilize and recover alongside Bitcoin, and confirm the breakthrough at the weekly level, the technical structure will significantly strengthen. Investors should closely monitor the price performance and closing confirmation in this area.

The market situation changes rapidly, and specific entry and exit points should be determined in real-time; follow the trend after a breakout! Regardless of how confident you are, please strictly implement stop-loss and take-profit strategies!