BEARISH 📉 : Dogecoin struggles to break $0.10 due to resistance barriers

Dogecoin (DOGE) Price Overview

Dogecoin has rebounded from lows near $0.08 to trade within the $0.093–$0.097 range.
Despite renewed buying interest, DOGE faces resistance at the $0.10 threshold.

Dogecoin Chart

Technical Challenges

DOGE cleared minor resistance levels at $0.085 and $0.090 but stalled under $0.10.
A declining channel on the hourly chart shows resistance around $0.0985.
Indicators like MACD and RSI suggest fading momentum rather than a breakout.
A break above $0.1020 is needed to target higher levels near $0.1085 and $0.1120.
If DOGE fails at $0.10, support is near $0.0924 and $0.090; deeper declines could revisit $0.080.

Market Dynamics and Whale Activity

Large transfers of DOGE to exchanges have coincided with price reactions.
Movements of 203.6 million and 278 million DOGE indicate potential sell pressure or repositioning.
Thinner market depth makes it challenging for DOGE to sustain moves above resistance.

Fundamental Factors and Broader Market Conditions

DOGE trades with a market cap over $15.8 billion and a supply of around 168.6 billion.
Broader crypto conditions are mixed, influenced by larger assets like Bitcoin and Ethereum.
Recent rebounds are driven by technical oversold conditions rather than new catalysts.

The combination of resistance near $0.10, weak upside momentum, large exchange inflows, and reduced liquidity limits DOGE's ability to break higher in the near term.