DOGE needs to sustain $.13 levels for gaining momentum
Important points about Dogecoin (DOGE) trading: Dogecoin is currently trading around $0.13. According to analyst Kevin, the critical value for DOGE is $0.138. A return to this level at the 3rd and week's close could result in a positive change in market structure. A close above $0.138 coincides with key technical indicators such as the macro 0.382 Fibonacci retracement and the 200-week SMA (simple moving average). Kevin emphasizes the importance of trading on higher time frames rather than intraday movements for structural health. Bitcoin’s performance will be critical to DOGE’s ability to regain the $0.138 level. If DOGE’s move is successful, it will likely coincide with Bitcoin regaining the $88,000 to $91,000 zone. dogecoin weekly chart Impact and current status of Bitcoin: Bitcoin has encountered resistance at the key 4-hour moving average several times since October, hampering any bullish momentum. To confirm Bitcoin’s bottom, these moving averages and the $88,000 to $91,000 zone need to be reclaimed on higher time frames. Bitcoin needs to regain key 4HR-MA Long-term considerations for DOGE: The $0.143 to $0.127 area is important in determining DOGE's long-term trend. In the past, repeated rises in the weekly RSI from levels below 40 have supported DOGE prices. Failure at these levels could indicate a long-term downtrend. #WriteToEarnUpgrade #StrategyBTCPurchase #doge⚡