DOGE is currently stuck around $0.13, a position that is a bit delicate—analysts are watching here as it may determine whether it will stabilize and rebound or continue to plummet.

Technical analyst Kevin has provided a key price level: $0.138. Why is it so important? First, it corresponds to the 0.382 position of the Fibonacci retracement, and second, it coincides with the 200-week moving average. In other words, this is the so-called "bull-bear dividing line" — holding it gives hope, breaking it may lead to weakness. However, Kevin emphasizes that one cannot get overly excited just by one or two K-line surges; it must be confirmed by consecutive three-day or weekly closing prices to say that there is a real improvement in the technical aspect.

Historically, from 2022 to now, the range of $0.143 to $0.127 has served as the "line of life and death" for DOGE. The price fluctuates within this range, and there are usually opportunities to rebound afterward; once it falls out of this range, it easily slips into a weak position. Kevin mentioned that the area around $0.138 feels somewhat like a "regular investment zone," where DOGE is accumulating and digesting for the next wave of market movement.

But don't forget, Bitcoin is the real big BOSS. If Bitcoin can return to the range of $88,000–91,000, DOGE is likely to strengthen as well. But now Bitcoin is about $87,696, down 2.38% in the last 24 hours, and its trend is a bit volatile, with short-term moving averages also suppressing it.

To summarize, whether DOGE can stabilize at $0.138 and hold the line of life and death is the watershed for future price fluctuations. In the short term, pay attention to the performance of the support zone, and don't lose sight of Bitcoin. With the market being so volatile, operations must be cautious.