Dogecoin Hits Resistance at $0.1075

After hitting a low of $0.1020, Dogecoin (DOGE) staged a recovery and broke above several resistance levels, but ultimately hit a ceiling at $0.1075.

The memecoin's bounce was strong enough to break a bearish trend line on the DOGE/USD hourly chart, with Kraken pricing the move just above the 23.6% Fibonacci retracement of the slide from the $0.1127 swing high to the $0.1021 low.

However, despite this momentum, Dogecoin is now trading below $0.1075 and the 100-hourly simple moving average, keeping bears in short-term control.

Jindal flagged $0.1062 as immediate upside and $0.1075 as the first major test for bulls, with a clean close above $0.1088 potentially opening a path toward $0.1120, $0.1150, or even $0.1165.

On the downside, $0.10 remains the line that bulls must defend, and a break below could send the token toward $0.0965 or even $0.0950 in the near term.