Dogecoin (DOGE) has staged a modest comeback but is running into clear resistance around the $0.10 mark, suggesting the rally may be losing steam. Price action and recent move - DOGE launched a recovery from about $0.090 and pushed above the $0.0950 area, retracing part of the recent sell-off that took it from a $0.1100 swing high down toward $0.0800 (Kraken data). - The bounce cleared the 50% Fibonacci retracement of that drop, but upside momentum has stalled near $0.10, where sellers remain active. - On the hourly chart a declining channel has formed, with short-term support around $0.090. The coin is currently trading below the $0.0960 level and the 100-hour simple moving average, which cap near-term gains. Upside targets - Immediate resistance sits around $0.0985, near the 61.8% Fib retracement of the $0.1100–$0.0800 move. - A break above $0.10 would expose $0.1020, and a decisive close past $0.1020 could propel DOGE toward $0.1085 and potentially $0.1120–$0.1150 if momentum accelerates. Downside risks - If DOGE fails to overcome $0.10, downside pressure could return. Initial support is at $0.0924, followed by the $0.090 channel support. - A break below $0.0850 would open the path back to the $0.0820–$0.0800 area. Technical snapshot (hourly) - MACD: bullish momentum is fading. - RSI: below 50, pointing to limited upside strength. - Major supports: $0.0924, $0.0900. - Major resistances: $0.0985, $0.1020. Bottom line Dogecoin’s short-term rebound is intact as long as it holds above $0.090, but the $0.098–$0.10 zone is a key battleground. Bulls need a sustained break above $0.1020 to reclaim stronger upside, while failure to do so would likely reopen the path back toward $0.0850 and the recent lows. Read more AI-generated news on: undefined/news

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