Dogecoin Hits Ceiling at $0.1075 Despite Recovery

Dogecoin (DOGE) has staged a recovery from its recent lows, but it appears to have hit a ceiling at $0.1075.

The memecoin climbed above the $0.1035 and $0.1040 resistance levels, breaking a bearish trend line on the DOGE/USD hourly chart, according to Kraken data.

However, sellers have blocked further upside, keeping bears in short-term control, with the pair trading below $0.1075 and the 100-hourly simple moving average.

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.