Headline: Dogecoin bounces off $0.095 and eyes upside — $0.1120 is the key line in the sand Dogecoin (DOGE) has staged a short-term recovery after dipping to $0.095, climbing back above $0.105 and briefly trading north of $0.106 on Kraken. The move has pushed DOGE above its 100-hour simple moving average and formed a rising channel on the hourly chart, giving the token a mildly bullish edge while momentum holds. What’s happening now - The rebound cleared the $0.1020 and $0.1050 hurdles and reclaimed the 50% Fibonacci retracement of the drop from the $0.1185 swing high to the $0.095 low. - A rising channel with hourly support near $0.1035 is now in play; staying above roughly $0.1020–$0.1035 would keep the short-term bullish case intact. - Immediate resistance sits near $0.1095 (the 61.8% Fib). The first major test for buyers is $0.1120; a break above could open $0.1145 and then the $0.1185 area, with upside targets extending toward $0.120 and potentially $0.1250 on a sustained rally. Bearish scenario to watch - If DOGE fails to clear $0.1120 and reverses, downside risk increases. Initial support is around $0.1040, followed by the psychological $0.10 level. - The key support to defend is $0.0950. A decisive break below that level could pave the way for further losses toward $0.0880 or $0.0850 in the near term. Technical snapshot (hourly) - MACD: gaining momentum in bullish territory. - RSI: sitting above 50, supporting the recovery. - Major support levels: $0.1040, $0.1000, primary at $0.0950. - Major resistance levels: $0.1095, $0.1120, then $0.1145–$0.1185. Bottom line: Dogecoin’s short-term bias is cautiously bullish while it holds above the rising channel support and the 100-hour SMA. Traders will be watching $0.1120 closely — a clear break higher could fuel a move toward $0.12+, while rejection puts $0.10 and $0.095 back in the spotlight. (Data source: Kraken.) Read more AI-generated news on: undefined/news

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