Dogecoin is currently trading in a technically sensitive zone, with analyst Kevin highlighting $0.138 as the critical level the memecoin must reclaim to improve its higher-timeframe structure.
In a post on X, Kevin stated that a sustained close above $0.138 on three-day and weekly charts would move DOGE back above the key 0.382 Fibonacci retracement level and the 200-week simple moving average—a combination he views as “a major positive.” He emphasized that $0.138 acts as a structural pivot point, where sustained closes below it increase downside risk and weaken the broader technical setup.
Kevin also linked Dogecoin’s ability to hold or reclaim this level directly to Bitcoin’s performance. He suggested that a DOGE recovery to $0.138 would likely coincide with Bitcoin reclaiming the $88,000–$91,000 zone, which he sees as necessary for restoring upward momentum.
Regarding Bitcoin, Kevin expressed near-term caution, noting that BTC has faced repeated rejections from key moving averages and has not traded above them consistently since mid-September. He argued that until Bitcoin clears these averages and reclaims the $88,000–$91,000 range on higher-timeframe closes, a confirmed bottom is difficult to establish, with momentum still favoring sellers.
For broader context, Kevin has previously identified the $0.143–$0.127 region as a significant decision area for Dogecoin. He has warned that a breakdown below this zone, coupled with a failure of key weekly momentum indicators, could signal a shift toward longer-term bearish price action.
At the time of writing, DOGE is trading at $0.13.
Frequently Asked Questions
Dogecoin FAQs Why Everyone Is Watching This Key Price Point
Beginner Questions
Q What is Dogecoin
A Dogecoin is a cryptocurrency that started as a joke in 2013 based on the popular Doge meme It has since evolved into a widely recognized digital currency with a strong community
Q What is a key price point and why is it important
A A key price point is a specific price level that traders and analysts watch closely If Dogecoins price breaks above or falls below this level it often signals a potential start of a significant upward or downward trend making it a crucial moment for investors
Q Why is everyone suddenly talking about Dogecoin again
A Dogecoin often experiences surges in attention due to social media trends celebrity endorsements or major market movements A key price point being approached can trigger this renewed discussion as traders anticipate a big move
Q Is Dogecoin a good investment
A Dogecoin is considered a highly volatile and speculative asset While some have profited from its large price swings it carries substantial risk Its important to only invest money you can afford to lose and to do your own research
Q How is Dogecoin different from Bitcoin
A Unlike Bitcoin which has a capped supply of 21 million coins Dogecoin has an inflationary supply with no maximum limit It was also created to be a faster more fun and accessible tipping currency for online content rather than digital gold
Advanced MarketFocused Questions
Q What specific price point are traders watching right now and why
A While the exact price point changes traders often watch major psychological levels or important technical analysis levels such as the 200day moving average or previous resistancesupport zones A break past these can indicate strong bullish or bearish sentiment
Q What does it mean if Dogecoin breaks resistance at this key level
A Breaking resistance means the price has moved and stayed above a level where it has previously struggled to rise past This is typically seen as a bullish signal suggesting buying pressure is strong and the price could climb to the next resistance level