Dogecoin (DOGE) has fallen below the $0.10 threshold, with technical indicators suggesting the meme cryptocurrency could test lower support levels around $0.08 as bearish momentum intensifies.
What Happened: Price Decline
The token dropped beneath the $0.10 mark after failing to hold above $0.1120, matching broader declines seen across major cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH). DOGE briefly touched $0.080 before recovering slightly above $0.0840.
The price now trades below its 100-hour simple moving average. A bearish trend line has formed with resistance at $0.0950 on the hourly chart of the DOGE/USD pair, according to data from Kraken.
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Why It Matters: Technical Outlook
Any recovery attempt faces immediate resistance near $0.090, with the first major barrier at $0.0950. The 61.8% Fibonacci retracement level of the downward move from $0.1007 to $0.080 sits at $0.0985, representing a critical technical threshold.
A failure to reclaim $0.10 could push DOGE toward $0.0850 support, with the main support zone at $0.080. The hourly MACD indicator shows increasing bearish momentum, while the Relative Strength Index has dropped below 50, confirming selling pressure remains dominant in the near term.
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