Technical analyst Kevin highlights the importance of Dogecoin (DOGE) reclaiming the $0.138 level to resume a bullish trend. This price point is crucial as it aligns with the 0.382 Fibonacci level and the 200-week simple moving average (SMA). Kevin emphasizes that confirmation requires three-day and weekly closes above this level, rather than just intraday movements.
A sustained break above $0.138 could indicate a positive shift in Dogecoin's technical outlook. Additionally, Bitcoin's performance, particularly its ability to reclaim the $88,000 to $91,000 range, will significantly influence altcoins like DOGE.
Dogecoin Needs to Reclaim $0.138 for Bullish Momentum, Analyst Says
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