Dogecoin moved sharply higher, breaking above $0.10 after clearing resistance at $0.0950 and $0.0980 as the broader crypto market extended its rally.
The move included a break above a bearish trend line at $0.0942 on the hourly chart, with the price reaching a local high of $0.1061 before entering a consolidation phase.
DOGE is now trading above the $0.10 level and its 100-hour simple moving average, signalling short-term bullish control despite a modest pullback below the 23.6% Fibonacci retracement of the move from $0.0910 to $0.1061.
Immediate resistance sits near $0.1050 to $0.1080, with a sustained close above $0.1080 potentially opening the path toward $0.1120 and possibly $0.120 in an extended rally.
On the downside, initial support is seen near $0.1000 and $0.0988, with stronger support around $0.0950, which aligns with the 50% Fibonacci retracement level of the recent upward move.
If DOGE fails to hold above $0.0950, the price could slide toward $0.0920 or even $0.090 in the near term as momentum fades.
Technical indicators show the hourly MACD losing strength in the bullish zone while the RSI remains above 50, suggesting momentum is cooling but not yet reversing.
At the time of reporting, Dogecoin price was $0.0999.