Dogecoin Pulls Back Below Key Psychological Barrier

Dogecoin's price has pulled back below $0.10 after a brief stay above this key psychological barrier, casting doubt on its recent rally momentum.

The meme token had dipped to around $0.092 during the previous 24-hour session and was trading near $0.094 on September 24. This reversal puts pressure on buyers to demonstrate whether their upswing has staying power or is just a temporary spike.

Falling back below $0.10 makes it difficult for Dogecoin to achieve its near-term objectives of reaching $0.11 or $0.12, as highlighted by Coinpaper's analysis of aggressive accumulation by large holders.

A meaningful recovery would require DOGE to reclaim and hold above the $0.10 level for several consecutive sessions, particularly after this latest pullback. If buyers can manage this, the $0.108 to $0.11 zone comes into focus, with reaching $0.12 requiring an additional leg higher.

The broader market context added to the selling pressure as Treasury yields rose, contributing to a wider cryptocurrency sell-off. Whale activity and technical levels also offer insight into Dogecoin's current state, with notable accumulation by large wallet addresses between September 9 and 14, suggesting major investors viewed the $0.08 region as an attractive entry point.