Dogecoin is trading in a technically sensitive area, with analyst Kevin (@Kev_Capital_TA) highlighting $0.138 as the key level the memecoin needs to reclaim to improve its higher-timeframe structure.<\/p>\n
In a post<\/a> via X on Dec. 23, Kevin said a reclaim of $0.138 on three-day and weekly closes would move DOGE back above the macro 0.382 Fibonacci retracement and the 200-week simple moving average (SMA)\u2014a confluence he described as \u201ca major positive.\u201d<\/p>\n \u201cA reclaim of .138 for #Dogecoin on 3D-1W closes would put it back above the macro .382 and the 200W SMA,\u201d he wrote, adding that DOGE is currently \u201cmingle[ing] around in this \u2018DCA\u2019 zone.\u201d<\/p>\n The emphasis on higher-timeframe<\/a> closes is notable. Kevin has repeatedly framed $0.138 as a structural pivot rather than an intraday trigger, arguing that sustained closes below the level increase downside risk and weaken the broader setup.<\/p>\n That view is consistent with an earlier post from Nov. 22, when DOGE was still trading above $0.138. At the time, Kevin called $0.138 \u201cmassive support\u201d and warned that he did not want to see it lost on three-day or weekly closes.<\/p>\n He also pointed to Bitcoin\u2019s trajectory as the primary driver of whether DOGE can hold or reclaim the level. In his most recent commentary, Kevin again tied Dogecoin\u2019s prospects to Bitcoin reclaiming its own technical thresholds. He said a DOGE reclaim of $0.138 would \u201clikely be in tandem with BTC reclaiming the $88,000\u2013$91,000 zone,\u201d which he characterized as necessary to re-establish upside momentum<\/a>.<\/p>\n Separately, Kevin outlined why he remains cautious on Bitcoin in the near term. In a Bitcoin-focused post, he said BTC has been rejected from its key 4-hour moving averages nine times since Oct. 12 and \u201chas not seen a day above them\u201d since mid-September.<\/p>\n While he said the three-day and weekly timeframes remain the primary focus, he argued that until Bitcoin clears those moving averages and reclaims the $88,000\u2013$91,000 band on higher-timeframe closes, it is difficult to confirm a bottom, with momentum still favoring bears.<\/p>\n \u201cWhile the 3D-1W TF\u2019s are the main focus it is important to know that until BTC gets back above these key MA\u2019s 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 you can have a different convo,\u201d he wrote.<\/p>\nBitcoin Needs To Lead The Market<\/h2>\n
\n\u201cObviously BTC\u2019s performance will be the determiner to that outcome so focus there first along with USDT D,\u201d he wrote.<\/p>\n