Dogecoin Hits 3% Gain, But $0.09 Resistance Remains

After a tough few months, Dogecoin has seen its price surge by nearly 3% to reach $0.0848 on September 13. This marks a continuation of its recovery from August lows.

The memecoin's recent rise may be forming a base for a more significant rebound, according to some analysts. However, there's still an obstacle standing in the way: the resistance around $0.09 that has been a challenge for DOGE multiple times since the August rally.

Buyers have stepped in when DOGE approached $0.08, preventing it from returning to its recent lows. This shows that sellers may be losing control as DOGE remains mostly between $0.08 and $0.09.