Dogecoin Holds Near $0.096 as $0.1018 Resistance Caps Rallies
Analysts say only a high‑volume close above $0.1018 would confirm a trend change.
Overview
- Dogecoin traded near $0.096 on Friday, holding above the 100‑hour moving average and short‑term support around $0.095.
- The $0.1018 level has rejected five recent 4‑hour attempts to break higher, which analysts mark as the midpoint of a parallel trading channel.
- Large holders bought more than $330 million worth of DOGE over the past week, with network transfers spiking to nearly $800 million in mid‑April.
- A firm close above $0.1018 with rising volume could open targets near $0.112 to $0.117 and possibly $0.12, according to chart projections.
- Failure to clear resistance puts focus on supports at $0.095 and $0.092, with a break lower risking a move toward about $0.088.