Dogecoin Hits Familiar Ceiling at $0.1075 Amid Resistance

Dogecoin (DOGE) has staged a recovery from its recent lows around $0.1020, pushing through several resistance levels and breaking a bearish trend line on the hourly chart.

The memecoin's bounce was led by Kraken data, which showed the token trading above the 23.6% Fibonacci retracement of the slide from the $0.1127 swing high to the $0.1021 low.

However, despite this rebound, Dogecoin is now facing resistance near $0.1075, with sellers blocking further upside on the hourly chart.

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