TLDR
- DOGE is currently trading at $0.13, operating in a decisive technical zone that will define its short-term trend.
- Analyst Kevin identifies $0.138 as the macro inflection point where the 0.382 Fibonacci and the 200-week moving average converge.
- Reclaiming this level directly depends on Bitcoin successfully reconquering the $88,000 to $91,000 range.
Dogecoin is at a technical crossroads, keeping investors on edge. At the time of writing, the asset was trading near $0.13, dangerously positioned above a critical support level. According to technical analyst Kevin, the survival of the bullish structure depends on an immediate reaction from buyers.
For market confidence to return, DOGE must reclaim $0.138. This value is not arbitrary; it represents the confluence of two heavyweight indicators: the 0.382 macro Fibonacci retracement and the 200-week simple moving average (SMA). However, the analyst warns that an intraday move is not enough; a solid close on the three-day and weekly charts is required to confirm the reversal.
Bitcoin’s Role in DOGE’s Decision Zone
Kevin has identified a broader decision range, situated between $0.127 and $0.143. Generally, maintaining support within this margin has preceded significant bullish continuations. Nevertheless, if the weekly RSI falls below 40 at this critical Dogecoin support level, the trend could remain bearish for a prolonged period.
Despite the individual analysis of the memecoin, the ultimate catalyst remains the pioneer crypto. The expert emphasizes that DOGE’s fate is tied to Bitcoin’s health. Currently, BTC faces difficulties after being rejected multiple times at its four-hour moving averages, trading around $87,696.
If the market-leading crypto fails to break the $91,000 barrier, it is unlikely that the critical Dogecoin support level will act as a springboard. For now, the market is watching whether this “DCA zone” (Dollar Cost Averaging) will serve for a new breakout or if, on the contrary, it will mark the beginning of a deeper correction toward annual lows.
