Dogecoin Hits Another Ceiling

Dogecoin staged a recovery from its recent lows near $0.1020 and rose to around $0.1075, only to hit resistance on the hourly chart.

The memecoin broke through several key resistance levels, including $0.1035 and $0.1040, before running into sellers near the 23.6% Fibonacci retracement of its slide from the $0.1127 swing high to the $0.1021 low.

Jindal flagged $0.1062 as immediate upside and $0.1075 as the first major test, a level that lines up with the 50% Fibonacci retracement from the $0.1127 high.