Dogecoin Fails to Gain Traction Above $0.0930 Resistance

Dogecoin has reclaimed the $0.090 price level after bouncing from a low near $0.0860, but its momentum is fading due to resistance around $0.0930.

The token's recovery mirrored those of Bitcoin and Ethereum, clearing both the $0.0880 and $0.090 resistance levels.

A rising channel has formed with support at $0.0904, and the price currently sits above the 100-hourly simple moving average on Kraken's hourly chart data.

The bounce carried DOGE past the 23.6% Fibonacci retracement of the decline from the $0.1043 swing high to the $0.0859 low, but sellers stepped in near $0.0925, capping the advance.