Dogecoin is showing signs of a potential trend reversal after bouncing from the $0.0925 support zone. The price has pushed above $0.0950 and the 100-hourly simple moving average, signaling short-term bullish momentum. However, sellers remain active near the $0.0970–$0.0975 range, casting doubt on the next directional move.
The recovery follows a broader uptick across the crypto market, with Bitcoin and Ethereum also posting gains. DOGE cleared the $0.0935 and $0.0942 resistance levels during the climb. A rising channel has formed on the hourly chart, with resistance capped at $0.0970. The pair is currently testing whether bulls have the strength to sustain this recovery.
Bulls Eye the $0.10 Mark
The 23.6% Fibonacci retracement of the drop from $0.1021 to $0.0926 has already been cleared. This gives the bulls a structural edge in the short term. The next target sits at the 50% Fibonacci level near $0.0975, which aligns with the first major resistance zone.
A confirmed break above $0.0975 would shift attention to $0.10. This is a psychologically significant level. A close above it could trigger a push toward $0.1020, followed by $0.1065 if buying pressure accelerates. The most ambitious upside target for bulls is $0.1120, though reaching it would require sustained volume and a broader market rally.
The hourly RSI is currently above 50. This suggests momentum remains in favor of buyers. However, the MACD is losing steam in the bullish zone, indicating that the current rally may be slowing. Traders should watch for a fresh momentum signal before assuming a breakout is confirmed.
Price action above $0.0950 remains critical. As long as DOGE holds this level, the short-term outlook stays cautiously optimistic. A failure to hold $0.0950 would signal that bears are regaining control.
Key Support Levels to Watch on the Downside
Not all technical signals point upward. The MACD losing bullish momentum is a warning sign. If DOGE fails to clear $0.0975, a pullback is likely. The first support level to watch is $0.0950.
A break below $0.0950 would bring $0.0932 into focus. This is an intermediate support zone that could slow any decline. The main floor, however, sits at $0.0925. This level has held twice in recent trading sessions, making it a defining line for bulls and bears alike.
Should $0.0925 give way, the outlook turns bearish quickly. A breakdown from that level could send DOGE toward $0.0900. Extended selling pressure may push the price as low as $0.0880. At that point, traders would need to reassess the broader trend structure before committing to new positions.
Source: https://coinpaper.com/16481/dogecoin-price-recovery-stalls-at-0-0975-resistance-what-comes-next
