Dogecoin (DOGE) Trapped In Weak Rebound, Bears Still In Charge
The post Dogecoin (DOGE) Trapped In Weak Rebound, Bears Still In Charge appeared on BitcoinEthereumNews.com.
Dogecoin started a recovery wave above the $0.0950 zone against the US Dollar. DOGE is now facing hurdles near $0.10 and might struggle to continue higher. DOGE price started a recovery wave from $0.090 and climbed above $0.0950. The price is trading below the $0.0960 level and the 100-hourly simple moving average. There is a key declining channel forming with support at $0.090 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it stays above $0.090. Dogecoin Price Hits Resistance Dogecoin price started a recovery wave from the $0.080 zone, like Bitcoin and Ethereum. DOGE climbed above the $0.0850 and $0.090 resistance levels. There was a decent upward move above the 50% Fib retracement level of the downward move from the $0.1100 swing high to the $0.0800 low. However, the bears remained active near the $0.100 zone. Besides, there is a key declining channel forming with support at $0.090 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.0960 level and the 100-hourly simple moving average. If there is another recovery wave, immediate resistance on the upside is near the $0.0985 level or the 61.8% Fib retracement level of the downward move from the $0.1100 swing high to the $0.0800 low. The first major resistance for the bulls could be near the $0.10 level. The next major resistance is near the $0.1020 level. A close above the $0.1020 resistance might send the price toward the $0.1085 resistance. Any more gains might send the price toward the $0.1120 level. The next major stop for the bulls might be $0.1150. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.10 level, it could continue to move down. Initial support on the downside…
Filed under: News - @ February 10, 2026 5:17 am