Dogecoin (DOGE) has climbed back above $0.0950 after bouncing off the $0.080 zone in a recovery that mirrors broader gains in Bitcoin (BTC) and Ethereum (ETH), but sellers remain firmly in control near the $0.10 level as technical indicators point to fading upside momentum.
What Happened: DOGE Recovery Stalls
The token cleared the $0.0850 and $0.090 resistance levels and pushed past the 50% Fibonacci retracement of the move from the $0.1100 swing high to the $0.0800 low.
Bears stepped in near $0.100, and the price has since settled below $0.0960 and the 100-hourly simple moving average.
A declining channel is forming on the hourly DOGE/USD chart with support at $0.090. The hourly MACD is losing momentum in the bullish zone, while the RSI has dropped below 50.
Immediate resistance sits at $0.0985, which aligns with the 61.8% Fibonacci retracement level. A break above $0.1020 could open the path toward $0.1085 and $0.1120, with $0.1150 as the next major target beyond that.
Also Read: Binance SAFU Fund Doubles Down With 4,225 BTC Buy, Now Holds $734M In Bitcoin
Why It Matters: Bears Dominate
If the token fails to reclaim $0.10, the downside path leads to support at $0.0924 and then $0.090. A break below the $0.0850 floor could send prices sliding toward $0.0820 or even $0.0800.
The technical picture favors sellers.
Both the MACD and RSI suggest the recovery wave is running out of steam, leaving DOGE vulnerable to another leg lower unless buyers can generate enough force to push through the $0.10 wall.
Read Next: Can Ethereum Finally Break Past $2,150?