Citing CoinPaper, technical analyst Kevin has issued a warning that Dogecoin (DOGE) must reclaim the $0.138 level to restore its bullish structure. The price currently hovers near this critical support, which marks the confluence of the 0.382 Fibonacci retracement and the 200-week simple moving average. Kevin emphasized that confirmation through three-day and weekly closes is necessary, not just intraday movements. A sustained break above $0.138 would signal a positive shift in DOGE's technical outlook. The analyst also noted that Bitcoin's performance, particularly its ability to reclaim the $88,000 to $91,000 range, will be a key driver for DOGE's recovery.
Analyst Warns Dogecoin Must Reclaim $0.138 to Restore Bullish Outlook
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Summary
Technical analyst Kevin warns Dogecoin (DOGE) needs to reclaim $0.138 to resume a bullish trend. The price is currently near this key support, where the 0.382 Fibonacci and 200-week SMA converge. Kevin stresses three-day and weekly closes are needed for confirmation, not just intraday moves. A sustained break above $0.138 could signal a positive shift in DOGE’s technical outlook. Bitcoin’s performance, especially its ability to reclaim $88,000 to $91,000, will also influence altcoins to watch like DOGE.
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