Ah, Dogecoin, the plucky pup of the crypto world, has been wagging its tail above the $0.10 bone against the mighty US Dollar. But beware, for this frisky fellow is now sniffing at the $0.1065 fence, and it might just turn tail and run the other way!
- Our canine coin leaped from $0.095, clearing the $0.10 hurdle with a playful bark.
- Yet, it’s now panting below the $0.110 mark and the 100-hourly simple moving average, looking a tad pooped.
- There was a daring escape over a bearish trend line, with resistance at $0.1060 on the hourly chart of the DOGE/USD pair (courtesy of Kraken, the crypto kraken itself).
- If it keeps its paws above $0.10, it might just fetch some more gains.
Dogecoin’s Price Hits a Snag
Our four-legged friend bounded back from the $0.0950 kennel, outpacing even the grand old hounds Bitcoin and Ethereum. It cleared the $0.10 and $0.1050 fences with a triumphant woof.
There was a jolly jaunt above the 23.6% Fib retracement level of the downward dash from the $0.1185 tree to the $0.0948 puddle. And let’s not forget that daring leap over the bearish trend line at $0.1060 on the hourly chart of the DOGE/USD pair.
But alas, the bears are growling near the $0.1065 gate and the 50% Fib retracement level. Poor DOGE is now trotting below the $0.1065 fence and the 100-hourly simple moving average, its tail between its legs.
If our pup perks up again, the first hurdle is the $0.1060 fence. The next big jump could be the $0.1065 gate. Beyond that, the $0.1120 tree awaits. A leap over the $0.1120 branch might send it chasing after the $0.1185 squirrel. More gains? Why, it might even reach the $0.120 bone! And the ultimate prize? The $0.1250 treasure trove.
Or Will DOGE Dig a Hole?
If our furry friend fails to clear the $0.1065 gate, it might just dig a hole and bury itself. The first soft patch is the $0.10 dirt. The next big dip is the $0.0980 trench.
But the real danger lies at the $0.0950 pit. If it tumbles below that, it could slide into the $0.0880 mud or even the $0.0850 swamp in the blink of an eye.
Technical Indicators
Hourly MACD – The MACD for DOGE/USD is sniffing around in the bearish bushes.
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is languishing below the 50 mark, looking rather glum.
Major Support Levels – $0.1000 and $0.0950.
Major Resistance Levels – $0.1065 and $0.1120.
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2026-02-02 08:40