- Price Action: DOGE trades above $0.0985, eyeing breakout past $0.1020 toward $0.1080.
- Technical Indicators: RSI and MACD show bullish momentum, with 50-day EMA as key resistance.
- Network Activity: Active addresses surged 176%, signaling growing user engagement and potential buying interest.
Dogecoin — DOGE, has captured attention this week as prices push above the $0.10 mark. After a period of consolidation, DOGE briefly reached $0.1013 before pulling back slightly. Traders now watch key technical levels for clues on the next move. The combination of rising network activity and bullish chart signals has many investors wondering if the meme coin could extend its gains. Market momentum appears steady, drawing traders to position for potential upside.
Technical Setup Signals Bullish Momentum
DOGE currently trades above $0.0985 and remains supported by the 100-hourly simple moving average. A clear trend line on the hourly chart points to support around $0.0955. Traders will look for a breakout above the immediate resistance at $0.1020. Doing so could open targets at $0.1050 and then $0.1080. A daily close above $0.1080 may push DOGE toward $0.1120 or higher, potentially reaching $0.1220 in a strong rally.
Daily chart indicators show growing bullish pressure. The RSI sits at 57, above the neutral 50 line, indicating upward momentum. Meanwhile, the MACD has formed a bullish crossover, with green histogram bars confirming the price action. DOGE also approaches the 50-day EMA at $0.102. A daily close above that level would signal confidence among traders, with $0.110 marking the next critical zone. Longer term, the weekly resistance at $0.119 aligns with the 100-day EMA, providing a key hurdle if the rally continues.
Network Activity Drives Interest
Network activity supports the current price action. Active addresses surged 176% in a week, rising from 41,557 to 114,662. Higher participation indicates growing user engagement and potential demand for DOGE transactions. Analysts suggest sustained activity could fuel additional buying interest.Traders have noted strong historical support levels as well. DOGE recently touched a decade-old trendline for the third time.
That long-term support has historically held, giving traders confidence that downside risk remains limited. On the flip side, failure to break above $0.1020 could see prices test support at $0.0995 and $0.0978. A deeper drop may find support around $0.0955, with weaker levels at $0.0940 or $0.0920 if selling pressure continues. Overall, DOGE combines technical strength with surging network activity, drawing the attention of traders looking for short-term breakout opportunities.
Momentum remains intact while key resistance levels are challenged. Market participants will closely monitor price action around $0.1020. Active addresses climbing at this pace suggest traders have reason to remain optimistic in the near term. DOGE shows signs of bullish continuation after breaking above $0.10. Network activity surged 176% in one week.
