Dogecoin is trading around $0.098–$0.099, clinging to support just under the $0.10 level as bulls attempt a bounce. The token slipped about 1% in the last 24 hours while traders monitor X and the CLARITY Act for potential catalysts. Analysts describe the move as a fragile recovery, noting that DOGE remains in a broader daily downtrend.

Technicals show resistance around $0.104–$0.116, with $0.116 identified as pivotal by a wave analysis that aligns with the upper Bollinger Band and a 50% Fibonacci retracement of January’s selloff. A break above that level could open room toward $0.15–$0.20, while slipping below $0.09 risks retesting yearly lows.

After a liquidity sweep and long consolidation, price is now stabilizing near a key base zone. If this support holds, Dogecoin could begin the next recovery wave toward higher resistance levels. DOGE price eyes $0.20 if X, CLARITY Act spark breakout above $0.18.

Traders watching this compressing range are effectively betting on whether the next major impulse comes from Washington’s CLARITY Act headlines or the next product move out of X. The coin jumped 15.25% to $0.1113 following X’s trading announcement as volume surged to $1.76 billion on strong whale activity. Crypto.news warns that the token dropped to the important support level at $0.100, much lower than this month’s high of $0.1176, and now trades below all major moving averages, with momentum gauges stuck in bearish territory. DOGE price is trading around $0.098–$0.099 today, marginally lower over the past 24 hours as liquidity concentrates around a tight support zone.

A recent weekly analysis notes that DOGE is currently trading at $0.099, staging a recovery attempt after successfully defending a critical support zone, but stresses that the daily chart confirms that Dogecoin remains in a structural downtrend. Technicians flag resistance around $0.104–$0.116, with one wave analysis pointing to $0.1160 as pivotal resistance, aligning with the upper Bollinger Band and a 50% Fibonacci retracement of January’s selloff. The summary also indicates that DOGE’s spikes have tracked rumors around X’s crypto-trading features and potential payment support.

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