Dogecoin Stalls at Key Resistance Level Ahead of Crucial Rebound Test

After reaching an intraday high of $0.1007 on Kraken's daily chart, Dogecoin (DOGE) stalled just under $0.1014 Fibonacci resistance.

This level marks a crucial test for the rebounding price, as it was also the shelf that gave way before DOGE's May-July sell-off.

The token now trades above its 50-, 100- and 200-day simple moving averages, but the bearish stack underneath still belongs to a downtrend.

A daily close above $0.1014 is necessary for DOGE to reclaim support at this level, followed by follow-through above it.