Dogecoin (DOGE) staged a recovery from the $0.1020 zone but hit resistance near $0.1075, with sellers blocking further upside on the hourly chart.
Dogecoin Price Hits $0.1075 Wall
The memecoin climbed off the $0.1020 floor and pushed through the $0.1035 and $0.1040 resistance levels, according to chart data.
The bounce broke a bearish trend line on the DOGE/USD hourly chart, with Kraken pricing the move just above the 23.6% Fibonacci retracement of the slide from the $0.1127 swing high to the $0.1021 low.
The pair is now trading below $0.1075 and the 100-hourly simple moving average, keeping bears in short-term control.
Bybit data confirmed the token near $0.1042 on Thursday, with a 24-hour range running from $0.1020 to $0.1045 and session volume of roughly $612 million. The market cap sits at about $16.10 billion, leaving DOGE in tenth place by capitalization across all crypto assets.
Also Read: Twenty One Capital Becomes Tether's Bitcoin Arm As SoftBank Walks Away
Jindal Reads The Hourly Setup
Jindal flagged $0.1062 as immediate upside and $0.1075 as the first major test, a level that lines up with the 50% Fibonacci retracement from the $0.1127 high. A clean close above $0.1088 could open a path toward $0.1120, with $0.1150 and $0.1165 as the next stops for bulls.
On the downside, $0.10 remains the line that bulls must defend, and a break below could send the token toward $0.0965 or even $0.0950 in the near term.
