Dogecoin is staging a sharp rebound from a key technical level that one 
analyst has flagged as the potential low of its current correction. Is The 
Dogecoin Bottom In? On X, crypto analyst Kevin (@Kev_Capital_TA) highlighted 
the $0.138 region as the decisive line. Posting a weekly DOGE chart, he wrote: 
“$0.138 still holding strong on Dogecoin. If DOGE can hold this level (Macro 
.382 + 200W SMA) and BTC + USDT hold their respective support and resistance 
levels then $0.138 will be the lows for this corrective period. Still got work 
to do. Main focus is still BTC and USDT D.” His chart shows Dogecoin trading 
on the 1-week timeframe, with the price recently wicking down into a dense 
support cluster around $0.138 and rebounding. That area coincides with the 
0.382 Fibonacci retracement of the prior advance, explicitly marked “0.382 
(0.13827),” and the rising 200-week simple moving average that has now climbed 
into the same zone. Furthermore, this area coincides with an upward trendline 
that has guided DOGE’s price action since mid-2023; a decisive break below it 
would be technically fatal. Related Reading: Here’s The Bullish Trend 
Developing To Trigger A 174% Move For The Dogecoin Price The bounce has been 
visible on lower timeframes as well. DOGE traded as low as $0.13443 yesterday 
before surging to $0.152 today, gaining more than 13% at the intraday high. 
Kevin has been emphasizing this level for weeks. On November 22 he told 
followers: “$0.138 is massive support on Dogecoin folks. You really do not 
want to see that lost on 3D-1W closes. Obviously BTC’s performance will be the 
determiner to that outcome so focus there first along with USDT D.” In his 
framework, the integrity of the DOGE support cluster is inseparable from 
Bitcoin’s higher-timeframe structure and stablecoin flows. The macro 
background is shifting in his favor. Yesterday Bitcoin rebounded from $86,184 
to $92,307, extended to $93,958 today and is currently around $92,816. 
Commenting on BTC, Kevin noted: “A close above $91K on the 3D-1W candle 
supports the idea that the counter trend rally is beginning in my BTC 
corrective phase reversal zone. One day doesn’t make a trend let&#8217;s see what we 
can do.” Related Reading: Market Downturn Hits Dogecoin Hard: Is a Larger 
Correction on the Horizon? That statement builds on his November 25 outlook, 
where he argued that the corrective phase he has been tracking since 
August–September on BTC and the “Total 2” altcoin index is nearing completion. 
“There will be a bottom formed and a counter trend rally in the coming weeks 
on BTC and Altcoins,” he wrote, adding that “the corrective phase is almost 
over” but still needs “a little more time to form a proper bottom.” Kevin’s 
DOGE chart maps the alternatives clearly. Above, horizontal resistance near 
the 0.5 Fibonacci retracement sits around $0.19, while lower support is marked 
at the 0.236 retracement near $0.093 alongside longer-term trendlines. Whether 
$0.138 becomes the definitive bottom of Dogecoin’s correction depends on two 
conditions Kevin keeps repeating: DOGE must continue to hold the macro 0.382 
plus 200-week SMA and the uptrend line on 3-day to weekly closes, and Bitcoin 
must confirm its own counter-trend rally with sustained higher-timeframe 
strength. For now, the market has made its tell clear. The answer to whether 
the Dogecoin bottom is in starts—and potentially ends—at $0.138. At press 
time, Dogecoin traded at $0.14976. Featured image created with DALL.E, chart 
from TradingView.com

Is The Dogecoin Bottom In? This Price Level Could Be The Tell

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