Dogecoin Nears Decisive Breakthrough to $0.10
Dogecoin is once again attempting to breach the psychologically significant $0.10 level after a sharp recovery propelled DOGE above its 200-day moving average.
The cryptocurrency saw a notable surge on Saturday, rising from $0.084 to $0.095 as buyers returned to the market, building on its current recovery from a low of $0.08 on September 2.
A previous attempt on September 3 that reached $0.089 tried but failed to breach the daily MA 200, causing Dogecoin to fall subsequently. However, Saturday's rise took DOGE effortlessly above the daily MA 200 as price neared $0.10.
The Dogecoin community is watching for a comeback of DOGE price to ten cents. Krisspax, a Dogecoin community member, highlighted Dogecoin's recent price action regarding this potential: 'Another Dogecoin run on Saturday, this time up to $0.095. So I snapped another fib retracement tool and saw a pullback to $0.0887 which DOGE hit early Sunday morning. Will Dogecoin go on yet another run and try to break 10 cents? We shall see.'
Crypto analyst Ali recently identified a breakout from a bullish flag pattern on Dogecoin's lower timeframes, projecting a move toward $0.12.