Dogecoin: Why This Price Level Is Generating Significant Interest

Summary:
Dogecoin is currently trading near a crucial price level of $0.138, identified by analysts as vital for the cryptocurrency's future performance. The analysis highlights the importance of Bitcoin's movements in determining whether Dogecoin can maintain or reclaim this key level.

Key Takeaways

Dogecoin is hovering around the key price level of $0.138.
Analyst Kevin emphasizes the need for Dogecoin to close above this level on higher timeframes to avoid increased downside risk.
Bitcoin's performance is crucial for Dogecoin's prospects, as its ability to reclaim certain thresholds affects Dogecoin’s future.
A failure to maintain key support levels could lead to bearish price action for Dogecoin.

Dogecoin at a Critical Juncture: The Importance of $0.138

Dogecoin's current price action is occurring in a critical zone, with analyst Kevin (@Kev_Capital_TA) pinpointing $0.138 as a crucial level for the popular memecoin. According to Kevin's analysis shared on Dec. 23, reclaiming this level on three-day and weekly closes would push DOGE above the macro 0.382 Fibonacci retracement and the 200-week simple moving average (SMA), both seen as significant indicators of positive movement.

“A reclaim of $0.138 for #Dogecoin on 3D-1W closes would put it back above the macro .382 and the 200W SMA,” he noted, underlining that DOGE is currently transitioning within this "DCA" (dollar-cost averaging) zone.

Dogecoin weekly chart | Source: X @Kev_Capital_TA

Kevin stresses the importance of high timeframe closes, reiterating that $0.138 should be considered a structural pivot rather than a mere intraday indicator. Sustained closes below this level could heighten downside risks and weaken the overall setup. This perspective aligns with his earlier comments from Nov. 22 when DOGE was trading above $0.138, labeling it as a "massive support" level that should not be breached on higher timeframe closes.

The Role of Bitcoin in Dogecoin's Future

Additionally, Kevin highlighted Bitcoin's price trajectory as a prime factor impacting Dogecoin's ability to sustain or reclaim key levels. “Obviously BTC’s performance will be the determiner to that outcome so focus there first along with USDT D,” he stated.

In his latest insights, Kevin reiterated that Dogecoin's potential rebound at $0.138 is likely tied to Bitcoin reclaiming technical milestones. He noted that a DOGE rebound would probably coincide with Bitcoin retaking the $88,000–$91,000 range, which is critical for generating renewed upward momentum.

On a separate note, Kevin expressed caution regarding Bitcoin's near-term outlook. He mentioned that Bitcoin has encountered rejections from its primary 4-hour moving averages multiple times since October 12, stating, “has not seen a day above them” since mid-September.

While maintaining his focus on the three-day and weekly timelines, he asserted that until Bitcoin surpasses these key moving averages and reclaims the $88,000–$91,000 range on higher timeframe closes, confirming a market bottom remains challenging, with current momentum leaning toward bearish conditions.

Bitcoin needs to reclaim key 4HR MA’s | Source: X @Kev_Capital_TA

“While the 3D-1W TFs are the main focus, it is important to know that until BTC gets back above these key MAs and the $88K-$91K zone on 3D-1W, you cannot confirm a bottom with confidence yet, and the momentum is still in the bears’ favor. If BTC overcomes those levels, then the conversation can change,” he explained.

For broader context, Kevin previously mentioned the $0.143–$0.127 range as a pivotal area for Dogecoin's price action. In a June 2025 post, he indicated that since a significant weekly RSI breakout in 2022, Dogecoin has consistently rebounded after dipping into an RSI below 40, which he noted has occurred five times. “A failure of this weekly RSI level along with a failure of the $0.143-$0.127 level would mark the line between long-term bearish trends or continued bullish momentum,” he cautioned.

As of now, Dogecoin is trading at approximately $0.13.

Dogecoin price chart
DOGE needs to overcome the red zone, 1-week chart | Source: DOGEUSDT on TradingView.com