Dogecoin’s Price Level Drama: The Latest Gossip in the Cryptocurrency Ball! 🐶💰

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In the ever-fascinating realm of cryptocurrencies, our dear friend Dogecoin finds itself in a most delicate predicament, trading within a sphere that demands the utmost attention. Mr. Kevin, an analyst of no small repute, has pointedly indicated the princely sum of $0.138 as the pivotal threshold, which this memecoin must earnestly strive to reclaim if it is to elevate its standing in the higher-timeframe hierarchy.

A Most Familiar Test for Dogecoin at $0.138

In a missive shared on the illustrious platform known as X, on this very day of December 23rd, Mr. Kevin expounded upon the necessity of reclaiming the aforementioned $0.138 on both three-day and weekly conclusions. Such an accomplishment would restore Dogecoin to its rightful place above the grand macro 0.382 Fibonacci retracement and the venerable 200-week simple moving average-a convergence he has deemed “a major positive.” One cannot help but admire the enthusiasm!

“To reclaim .138 for #Dogecoin on 3D-1W closes would elevate it above the macro .382 and the 200W SMA,” he declared, whilst adding that at present, DOGE is most regrettably “mingle[ing] around in this ‘DCA’ zone.” Oh! The indignity of such mingling!

Mr. Kevin’s emphasis on these higher-timeframe closures is particularly noteworthy. He has consistently framed the key level of $0.138 as a structural pivot rather than a mere intraday whimsy, asserting that prolonged closures beneath this level would only serve to heighten the risk of a downward spiral, thereby undermining the broader structure. A rather alarming prospect, I dare say!

This perspective aligns splendidly with his earlier observations from the 22nd of November, when our dear Dogecoin was still basking above the sacred $0.138. At that juncture, he had referred to this level as “massive support” and cautioned against its loss on the esteemed three-day or weekly closures. How quickly fortunes can change!

Bitcoin Must Lead the Charge

Moreover, Mr. Kevin has wisely noted that the illustrious Bitcoin holds the reins to the market’s fate, determining whether Dogecoin may persist in its lofty aspirations or reclaim its previous glory. “Clearly, BTC’s performance will dictate that outcome, so let us focus there first, along with USDT D,” he advised.

In his most recent reflections, he reiterated the connection between Dogecoin’s future prospects and Bitcoin’s ability to surmount its own technical barriers. He posited that should Dogecoin reclaim the fateful $0.138, it would likely coincide with Bitcoin’s triumphant return to the $88,000-$91,000 territory, which he characterized as crucial for reinstating momentum toward the heavens.

On a separate note, Mr. Kevin expressed a certain reticence regarding Bitcoin’s immediate prospects. In his musings centered on Bitcoin, he lamented that it has faced rejection from its key 4-hour moving averages not once, but nine times since the twelfth of October, and has not enjoyed a single day above them since mid-September. Such misfortune!

While he contends that the three-day and weekly timeframes are paramount, he argues convincingly that until Bitcoin overcomes these critical moving averages and reclaims the $88,000-$91,000 range with confidence, one cannot yet declare a bottom with any assurance, as the momentum sadly appears to favor the bears. Alas, what dark clouds loom over our dear Bitcoin!

“Though the 3D-1W TF’s are paramount, it is vital to acknowledge that until BTC rises above these key MA’s and the 88K-91K zone on 3D-1W, we cannot confirm a bottom with confidence, and the momentum remains decidedly in the bears’ favor. Should BTC conquer those levels, a different conversation may ensue,” he wrote sagely.

For those with a longer gaze, Mr. Kevin has previously referenced the region of $0.143-$0.127 as a significant decision-making area for Dogecoin. In a post from June 2025, he noted that following a breakout in the weekly RSI back in 2022, Dogecoin has consistently rebounded each time it revisits below the 40 threshold, a feat accomplished no fewer than five times. “Should this weekly RSI level fail, along with the $0.143-$0.127 boundary, it would delineate a stark line between a protracted bearish trend or the continuation of a bullish ascent,” he warned with foreboding.

As I pen this missive, it is worth noting that DOGE is presently trading at a rather modest $0.13. Let us await developments with bated breath!

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2025-12-23 14:33