Overview
- Dogecoin pushed past $0.115 and then paused, with traders eyeing $0.1165 on intraday charts for a clean breakout.
- Momentum looks early rather than confirmed, with the Relative Strength Index near 62 and the MACD line hovering around zero.
- Key levels now include support at the 50- and 100-day exponential moving averages near $0.1024 and $0.1064, and resistance at a $0.1161 supply zone and the 200-day average around $0.1248.
- Derivatives data pointed to firmer risk appetite as $17 million in shorts were liquidated over four hours, open interest held near $1.64 billion, and funding ticked slightly positive at 0.0057%.
- Analysts flag a bullish MACD divergence and a possible third accumulation phase, yet ambitious targets such as $0.6533 remain contingent on sustained strength above the noted resistance levels.