Dogecoin Eyes $0.10 Target Amid Long-Term $1.50 Hopes

Dogecoin has been trading above $0.09 and is eyeing the $0.10 mark, with some traders looking at a long-term target of $1.50.

The meme coin's price action has shown signs of strength, with Dogecoin climbing above its key moving averages, including the 20-day, 50-day, 100-day, and 200-day exponential moving averages.

The token briefly pushed past the psychologically significant $0.10 barrier before retracing closer to the $0.096 level, but sustained movement above $0.10 could shift attention to the recent $0.105 high.

Dogecoin's open interest stands around $1.5 billion, indicating a strong buildup in derivatives positioning as DOGE approached the $0.10 mark, while trading volume has also surged, with several sessions exceeding $2 billion and a spike above $5 billion observed in late August.