Dogecoin flashes rare weekly buy signals as whales acquire $14 million in DOGE and futures activity rises. Can DOGE break above $0.080? | Credit: CCN.com
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Key Takeaways
Dogecoin’s price is testing the key $0.10 resistance, with rising momentum and higher lows.
Indicators and rising OI show increasing participation, but the price remains range-bound.
A move above $0.10 could trigger further gains, while failure may lead to consolidation.
Dogecoin (DOGE) is approaching a level that has stopped it time and again.
Right now, the $0.10 zone is back in focus.
After a steady climb in recent sessions, DOGE is once again pressing into this key resistance—an area that has historically capped further upside.
So far, there’s no clear breakout. But just as importantly, the price isn’t pulling back either.
That leaves Dogecoin at a turning point.
So, what does this mean for the next move? Let’s take a closer look.
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On the 4-hour chart, Dogecoin is pushing higher within a well-defined range, with price action now testing the upper boundary near $0.098.
The structure remains constructive. However, confirmation is still pending.
Over the past few weeks, Dogecoin’s price has traded between roughly $0.088 and $0.10, with $0.088 as support and $0.10 as resistance.
The latest move shows buyers stepping in earlier, forming higher lows. This shift signals growing bullish intent.
Momentum indicators are beginning to align with price.
The Moving Average Convergence Divergence (MACD) has turned positive, with the signal line crossing upward and histogram bars expanding.
This suggests strengthening upside momentum.
Similarly, the Relative Strength Index (RSI) is climbing toward the 61.77 region, indicating increasing buying pressure without yet reaching overbought conditions.
On the daily time frame, DOGE continues to drift within a broader downtrend, with price now stabilizing near $0.096 after months of lower highs and persistent selling pressure.
The structure remains weak. As seen below, the Dogecoin price has stayed below key Fibonacci levels, particularly the $0.13 and $0.17 zones, which now act as firm resistance.
However, momentum shows early signs of exhaustion. The recent sideways movement suggests sellers are losing control, yet buyers lack conviction.
Meanwhile, the Chaikin Money Flow (CMF) remains negative, indicating capital outflows still dominate.
At the same time, the Awesome Oscillator (AO) is flattening, signaling fading bearish momentum rather than a confirmed reversal.
Crucially, the $0.080 support level remains intact.
This level has become the last line of defense for bulls. If it breaks, downside pressure could accelerate quickly.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
