Dogecoin (DOGE) Recovers Above October’s ‘Black Friday’ Level: Is ‘To the Moon’ Possible?

Dogecoin is back above the same level that triggered October’s panic crash, as per TradingView, the one that erased around $40 billion in derivatives liquidations and earned itself a “Black Friday” label.

This price area had acted as a magnet for selling pressure for DOGE since Q4, 2025. Now, with the price of the meme coin recovering above it, the overall situation switches from breakdown continuation to a possible rally. The next real resistance looms at $0.12 for Dogecoin.

Is “Black Friday” for Dogecoin now a discount opportunity?

Dogecoin just clawed back above a level the market remembers, not because it is magical, but because it is like a “scar” — visible on every chart. On the DOGE/USDT chart by TradingView, the price is trading back above the October “Black Friday” dump marker near $0.09504, with the latest prints sitting around $0.098 on Feb. 8. 

It is important to note that is not a breakout, it is a reclamation, and in a risk-off environment it acts like a reality check for both late sellers and cautious dip buyers.

The next part is simple math for Dogecoin. Closing the week above $0.095 only stops the bleeding if DOGE can build acceptance above it. Otherwise, it becomes a post-break retest where sellers reload.

Overhead, the chart gives a clear ceiling zone in the low $0.10s, where prior bounces stalled. Higher up, the more concentrated supply sits near $0.12-$0.13, the area that repeatedly rejected the price through late January and early February.

The big headline level from the daily is still far above at about $0.152, a prior pivot that defines how much damage the market took before this bounce even started.

As long as DOGE stays above $0.095, the market can treat the October dump retest as a completed event, not an active threat. That is the condition under which the “to the Moon” hype can return for the popular meme coin without the chart immediately punishing it.