Why is everyone watching the $0.138 level for Dogecoin? Frankly, this is not a random setting.

On the technical side, $0.138 has two key roles. One is a critical Fibonacci retracement level, and the other is the location of the 200-week moving average. Both indicators are very important for long-term funds—that is, institutions and large investors tend to position around these levels, so this line indeed carries weight. The market generally considers this as the dividing line between bulls and bears.

But there's a trap to avoid here. The price briefly touching $0.138 doesn't mean much; many intraday fluctuations are false signals. The real focus should be on the closing price. If Dogecoin can close above $0.138 on the three-day and weekly charts consecutively, that would be a true breakout. Only then can the market structure shift from bearish to bullish; otherwise, it will just be a tug-of-war within the current range.

At this position, market participants have given it a name: the "DCA zone." In other words, support is here, and both bulls and bears are repeatedly testing each other's bottom line. This stage may seem directionless and can easily test patience, but in reality, the market is accumulating energy for the next move.

In simple terms: $0.138 determines the next trend. Either Dogecoin stabilizes here and starts to strengthen, or it continues to consolidate and burn time. Whether it can effectively hold this level directly affects the future potential.