markets··1 min read
Dogecoin Recovery Stalls as $0.090 Resistance Holds
DOGE price climbs from $0.0775 low but faces overhead resistance near $0.090.
Dogecoin has attempted to recover after a recent selloff, moving from a low of $0.0775 to trade above $0.0820. However, the uptrend is encountering resistance around the $0.090 level, which may cap further gains.
Technical Hurdles Ahead
On the hourly chart, DOGE/USD broke above a bearish trend line at $0.0820, signaling a short-term shift in momentum. The price is now testing the $0.090 resistance zone, with the 100-hour simple moving average also acting as a barrier.
- Support: $0.0820 and $0.0800
- Resistance: $0.0900 and $0.0950
- A sustained move above $0.090 could open the door to $0.100
Despite the recovery attempt, DOGE remains below key moving averages, suggesting underlying bearish pressure. Volume and market sentiment will be crucial for any breakout above resistance.