Dogecoin trimmed recent gains after failing to clear the $0.0980 ceiling, pulling back from short-term highs as broader market weakness also weighed on Bitcoin and Ethereum. The pullback pushed DOGE briefly below $0.0950, but the token is now holding support around $0.0940 and sits above the 100-hour simple moving average — signs that bulls haven’t given up control yet. What happened - After topping near $0.0980, DOGE slipped below $0.0960 and $0.0955 and breached the 38.2% Fib retracement of the move from the $0.0897 swing low to the $0.0978 high. - On the hourly chart (Kraken data) price broke a bullish trendline that had been supporting the pair at roughly $0.0952, before buyers re-emerged near $0.0940. Bullish case - Immediate resistance sits around $0.0955; a successful reclaim of that level would put $0.0980 back into play. - A clear break above $0.10 could accelerate the advance toward $0.1080, then $0.1120 and potentially $0.120 if momentum builds. Bearish case - Failure to climb above $0.0980 (or to hold current levels) would keep the door open for further downside. First support is the $0.0940 area (also the 50% Fib level of the recent move). - Below that, key support levels are $0.0928 and $0.0880. A decisive break beneath $0.0880 could open the path to $0.0840 and even $0.080. Technical snapshot - Hourly MACD: losing bullish momentum. - Hourly RSI: below 50, signaling muted upside strength. - Key supports: $0.0940, $0.0928. - Key resistances: $0.0955, $0.0980. Bottom line Dogecoin’s short-term trend is uncertain: bulls remain present near $0.0940 and the 100-hour SMA, but momentum indicators and the broken hourly trendline warn that a failure to recapture $0.0955–$0.0980 could lead to deeper retracement. Traders should watch those levels closely for clues on the next directional move. Read more AI-generated news on: undefined/news