Dogecoin pared some of its recent gains after failing to clear the $0.0985 ceiling, but the meme-coin is holding key short-term support and could be poised for another push higher if bullish momentum returns.
What happened
- DOGE slid from the $0.0985 area and dropped under $0.0980 and $0.0970, briefly dipping below $0.0955 before buyers stepped in (Kraken hourly data). The pullback started after DOGE couldn’t follow through with Bitcoin and Ethereum’s moves higher.
- The token is now trading just above $0.0950 and sitting above the 100-hour simple moving average, with a bullish trend line on the hourly chart providing support around $0.0955.
Bullish case
- As long as DOGE holds above $0.0950 (and the trend line/100-hour SMA), it has scope to resume an upward leg. Immediate resistance lies near $0.0980–$0.0985, and a clean break above $0.10 would open targets at $0.1120, $0.1150 and then $0.120.
Bearish case
- Failure to climb past $0.0980 could extend the downside. Initial support sits at the trend line/61.8% Fib retracement (~$0.0955) and $0.0950. A decisive break below $0.0920 would likely accelerate losses toward $0.0880 and potentially $0.0850.
Technical snapshot (hourly)
- MACD: gaining bullish momentum
- RSI: above 50
- Key supports: $0.0950, $0.0920
- Key resistances: $0.0980, $0.0985
Bottom line
Dogecoin has weathered a modest correction and is clinging to short-term support. Bulls need to reclaim and hold above the $0.0980–$0.10 area to confirm a fresh rally; otherwise, a drop toward $0.0920 and below could reassert bearish pressure.
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