All eyes are on Dogecoin again in the cryptocurrency market 
$0.1273It has been converted to . DOGE, which has been following a horizontal course at $0.13 levels in recent days, is trying to hold on to an important support area that technical analysts define as the “decision zone”. On the other hand, price movements are not sharp, but this stagnation causes comments to be made that the market is looking for direction. In particular, the $0.138 level stands out as a decisive threshold for Dogecoin in the short and medium term.
Why Is $0.138 So Important?
According to technical analyst Kevin, the $0.138 level is a level that Dogecoin must regain in order to move into an upward structure again. This level coincides with both the 0.382% Fibonacci retracement on the macro scale and the 200-week simple moving average. These two technical indicators, which long-term investors follow closely, prevent the $0.138 price from being a random level.
However, what is critical here is not just seeing the $0.138 level, but how the closings occur. According to the analyst, instantaneous needles that may occur during the day are not enough. Dogecoin needs to make three-day and weekly closes above $0.138 to truly strengthen this zone. Otherwise, the current price range will continue to remain a compression and consolidation area rather than a breakout attempt.
The analyst also defines this region as a “DCA area”. In other words, it is considered as a period in which the price is stuck around a strong support, the market wonders whether it has established a base price, or is preparing for a new decline.
What Do Historical Data and Bitcoin Impact Say?
The $0.138 level is not a new threshold for Dogecoin. While DOGE was trading above this level in November, the same analyst marked it as strong support. After this support was lost, the price gradually declined to today’s levels. Going further back, it seems that Dogecoin has found a bottom in every period since 2022 when the weekly RSI indicator has fallen below 40. This scenario has been repeated five times so far.
Therefore, the analyst considers the $0.143 to $0.127 band as the main decision area. As long as this range is maintained, the long-term bullish scenario remains on the table. However, breaking this band down and seeing a deterioration in the weekly RSI may put the chart in a clearer downward trend.
On the other hand, the fate of Dogecoin, like other altcoins, largely depends on Bitcoin. 
$86,762.61Depends on . According to the analyst, Bitcoin must also strengthen in order for DOGE to regain $ 0.138. In particular, BTC’s reorientation towards the $ 88,000–91,000 range could be comforting for altcoins.
As an additional development at this point, it has been noted that some major crypto exchanges have recently reported an increase in DOGE futures trading volumes. This indicates that volatility may increase and the decision moment is approaching.
