Dogecoin Bounces Off Floor, Hits Familiar Resistance at $0.1075

Dogecoin (DOGE) has made a strong recovery from its recent low of $0.1020, breaking through several resistance levels and hitting a familiar ceiling at $0.1075.

The memecoin's bounce broke a bearish trend line on the DOGE/USD hourly chart, with Kraken pricing the move just above the 23.6% Fibonacci retracement of the slide from the $0.1127 swing high to the $0.1021 low.

However, the pair is now trading below $0.1075 and the 100-hourly simple moving average, keeping bears in short-term control.