Dogecoin (DOGE) has shown signs of life recently, rebounding from lows near $0.08 to trade near the $0.093–$0.097 range. That short-term bounce has attracted attention, but the cryptocurrency still struggles to push past the $0.10 threshold. Over the past week, DOGE has cleared minor resistance levels at $0.085 and $0.090, signaling a recovery from recent lows. However, the rebound has stalled just under $0.10, with sellers stepping in as the price approached that area.
Technical charts show a declining channel forming on the hourly timeframe, with resistance at roughly $0.0985 and the 100-hour simple moving average acting as a barrier on the upside. If DOGE fails again at $0.10, downside support is seen near $0.0924 and $0.090, with a deeper break possibly dragging the price back toward the $0.080 area. Lower liquidity makes it harder for DOGE to sustain moves above resistance, especially around key levels like $0.10.
In early February, two substantial movements, one of about 203.6 million DOGE and another of roughly 278 million DOGE, were spotted, drawing attention from traders watching whale behavior. Liquidity metrics also point to thinner market depth compared with earlier months, meaning that large orders can have outsized effects on price swings. Current DOGE market data shows the token trading with a market capitalization of over $15.8 billion and a circulating supply of around 168.6 billion.
Its all-time high remains far above current prices, showing how much further it has to climb to reclaim past levels. Recent rebounds appear driven mainly by technical oversold conditions and short-term demand rather than fresh catalysts or a sustained shift in fundamentals. While DOGE’s recent bounce and neutral RSI offer some breathing room, the combination of persistent resistance near $0.10, weak upside momentum, large exchange inflows, and reduced liquidity continues to limit its ability to break higher in the near term.
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