Dogecoin’s Wild Ride: Will It Climb or Crash? 💸

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Behold, the mighty Dogecoin, having embarked upon a valiant ascent above the illustrious $0.10, now finds itself in a precarious position, teetering on the edge of a $0.1060 precipice, where a misstep could send it tumbling into the abyss of despair.

  • DOGE, that paragon of stability, has surged past the $0.0950 and $0.10 thresholds, much to the delight of its ardent followers, who now cling to the hope that this is no mere mirage.
  • The price, in a moment of uncharacteristic vigor, now hovers above $0.10, a feat that would make even the most stoic of investors blush with pride, while the 100-hourly simple moving average watches with a bemused expression.
  • A bullish uprising saw the price break above the bearish trend line at $0.0942, a feat that would make even the most stoic of investors blush with pride, though one must wonder if the bears will soon regroup for a counterattack.
  • If DOGE can maintain its composure above $0.0988, it may yet aim for the stars, though the path is fraught with perils, including the ever-looming $0.1028 and $0.1050 hurdles.

Dogecoin Price Consolidates Gains

Behold, the mighty Dogecoin, having embarked upon a valiant ascent above the $0.0950, now finds itself in a precarious position, teetering on the edge of a $0.1060 precipice, where a misstep could send it tumbling into the abyss of despair.

There was also a break above a bearish trend line with resistance at $0.0942 on the hourly chart of the DOGE/USD pair. The bulls were able to push the price above $0.10. A high was formed at $0.1061 and the price is now correcting some gains. There was a move below the 23.6% Fib retracement level of the upward move from the $0.0910 swing low to the $0.1061 high.

Dogecoin price is now trading above the $0.10 level and the 100-hourly simple moving average. If there is another increase, immediate resistance on the upside is near the $0.1028 level. The first major resistance for the bulls could be near the $0.1050 level.

The next major resistance is near the $0.1080 level. A close above the $0.1080 resistance might send the price toward $0.1120. Any more gains might send the price toward $0.120. The next major stop for the bulls might be $0.1220.

Another Decline In DOGE?

If DOGE’s price fails to climb above the $0.1050 level, it could start a downside correction. Initial support on the downside is near the $0.10 level. The next major support is near the $0.0.988 level or the 50% Fib retracement level of the upward move from the $0.0910 swing low to the $0.1061 high.

The main support sits at $0.0950. If there is a downside break below the $0.0950 support, the price could decline further. In the stated case, the price might slide toward the $0.0920 level or even $0.090 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone, much like a man who has just discovered his favorite hat is missing.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level, suggesting that the bulls are in a particularly buoyant mood, though one must question if this is a case of optimism or delusion.

Major Support Levels – $0.0988 and $0.0.950.

Major Resistance Levels – $0.1050 and $0.1120.

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2026-02-26 08:10