Dogecoin Bulls Hit Ceiling at $0.1075, Bears Regain Control

Dogecoin has staged a recovery from its recent low of $0.1020 and pushed through several resistance levels, but is now facing a ceiling at $0.1075.

The 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.

According to Bybit data, Dogecoin is trading below $0.1075 and the 100-hourly simple moving average, keeping bears in short-term control.