Dogecoin Price Struggles at $0.1065 After 16% Crash, Could Another Dip Be Coming?

Dogecoin (DOGE) attempted a rebound this week, climbing above the $0.10 mark, but the momentum appears to be hitting a wall. After a sharp 16% sell-off in just four days, DOGE now faces critical resistance near $0.1065, raising questions about whether the meme coin can sustain its recovery.

DOGE Recovery Faces Resistance

We watched Dogecoin rally from $0.095 toward $0.10, briefly surpassing $0.105, but the bulls stalled at the $0.1065 level. The price is below the 100-hour simple moving average, and technical indicators hint at cautious sentiment:

Hourly MACD: Momentum remains bearish.
Hourly RSI: Below 50, signaling weak upward pressure.
Key Support Levels: $0.10 and $0.095
Key Resistance Levels: $0.1065 and $0.112

A break above $0.112 could push DOGE toward $0.118 or even $0.12, but failing to hold $0.10 opens the door to another selloff, potentially toward $0.094 or lower.

Holders See Opportunity Amid Weakness

We observed that Dogecoin holders moved quickly during the dip, with on-chain data showing net accumulation as prices fell. Rather than exiting, holders took advantage of the lower levels, signaling confidence.

Macro indicators also support this accumulation thesis: DOGE's MVRV ratio sits in the opportunity zone between -17% and -25%, historically a sweet spot for rebounds. This suggests downside pressure may be limited while buyers step in to stabilize the price.

Short-Term Outlook

For us, the next 24-48 hours are critical. Holding above $0.10 is necessary to maintain momentum, while a move above $0.110 could signal a partial recovery toward $0.117. Conversely, failure to sustain these levels may lead to renewed selling pressure.

We remain cautious but attentive, noting that Dogecoin's reaction to key support levels will likely shape the short-term trend.

Diversify With Minotaurus (MTAUR)

While DOGE shows signs of volatility, we're keeping an eye on emerging opportunities like Minotaurus (MTAUR) (http://minotaurus.io/insight/83a9e13b2f69f5f0ab2d). This presale-stage token has already surged over 215%, rising from 0.00004 to 0.00012653 USDT in months, and is drawing massive inflows ahead of its public launch.

Market Cap: Starts at 5.6M USDT, with potential for exponential growth to 100 million.
Entry Opportunity: 100 USDT today buys 790,000 MTAUR, potentially reaching 10,000 USDT if the price climbs to 0.012 USDT.
Verified and Audited: On-chain presale wallet shows zero outflows over 549 days.

For us, MTAUR represents a chance to diversify beyond Bitcoin and Dogecoin, with high early-stage growth potential and verifiable on-chain transparency. To join the ongoing sale before the public launch, we recommend checking out the official website (http://minotaurus.io/insight/83a9e13b2f69f5f0ab2d).

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