Dogecoin is trading close to a technically significant support area near $0.13, a level that market analysts say could determine its near-term direction. The memecoin has shown relatively muted price action in recent sessions, suggesting traders are waiting for confirmation rather than reacting to sharp volatility. At the center of that discussion is the $0.138 price level, which several analysts, such as Crypto GVR, view as pivotal for restoring a bullish technical structure.
$DOGE look juicy here, more room for rally.
After weeks of downside and chop, price making clean inverse head & shoulder.
This is the first time in a while DOGE has actually stopped making lower lows.
Neckline is clear.
Acceptance above it opens door for a move toward 0.15… pic.twitter.com/mUWm3Vgf4A
— Broke Doomer? (@im_BrokeDoomer) December 23, 2025
According to technical analyst Kevin, Dogecoin needs to reclaim $0.138 on higher timeframes to signal a meaningful shift in trend. The level is not arbitrary: it aligns with the 0.382 Fibonacci retracement on longer-term charts and coincides with the 200-week simple moving average, both of which are commonly monitored indicators among long-term traders.
Why $0.138 Matters on Higher Timeframes
Kevin has emphasized that brief intraday moves above $0.138 would not be sufficient to change the broader outlook. Instead, he argues that Dogecoin would need to close above this level on the three-day and weekly charts to confirm a bullish reversal. Until that happens, the current price action is best described as consolidation rather than the start of a breakout.
A reclaim of .138 for #Dogecoin on 3D-1W closes would put it back above the macro .382 and the 200W SMA. This would be a major positive and could would likely be in tandem with #BTC reclaiming the 88K-91K zone which needs to happen. For now #DOGE continues to mingle around in… pic.twitter.com/XMTgF3AWfU
— Kevin (@Kev_Capital_TA) December 22, 2025
He characterizes the area around current prices as a “dollar-cost averaging zone,” where assets often compress around major support while the market determines whether a base is forming or a further decline is likely. This type of behavior is common during periods of uncertainty, particularly when broader market signals remain mixed.
Historical Context and Technical Signals
The $0.138 level has played a notable role in Dogecoin’s recent history. In November, when DOGE was trading above that threshold, it was identified as a key support area. Once the price fell below it, Dogecoin entered a steady decline that eventually brought it back to the current range.
Looking further back, Kevin points to a recurring pattern since 2022 involving the weekly Relative Strength Index (RSI). Each time the RSI dipped below 40 following that year’s breakout, Dogecoin eventually stabilized and rebounded. He notes that this scenario has occurred five times so far, adding weight to the importance of the broader $0.143 to $0.127 range as a decision zone.
Maintaining price action within that band keeps the longer-term bullish case intact, according to the analysis. A decisive break below it, particularly if accompanied by a sustained RSI breakdown, would likely shift the technical outlook toward a more bearish phase.
Bitcoin’s Influence on Dogecoin’s Next Move
As with most major altcoins, Dogecoin’s trajectory remains closely tied to Bitcoin’s performance. Kevin suggests that a sustained move back above $0.138 for DOGE would likely coincide with Bitcoin regaining strength, potentially trading back into the $88,000 to $91,000 range.
Bitcoin has faced its own technical challenges, including repeated rejections at key moving averages on the four-hour chart since mid-October. Without a clear recovery in BTC, broader market pressure may continue to weigh on assets like Dogecoin.
For now, Dogecoin remains in a holding pattern. The structure has not decisively broken, but it has yet to show signs of recovery, leaving the market focused on whether $0.138 can once again be reclaimed.
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