The cryptocurrency market has been volatile in recent times, and Dogecoin (DOGE) is no exception. After a brief drop below the $0.10 support level, the price is currently experiencing a fragile recovery. Traders are watching closely to see if this trend continues.
One key level to watch is the SMA 100 near $0.108. If bulls can take control of this level and remain above it, they may target $0.112 and $0.118 next. On the other hand, if the price falls below $0.10, the next support region comes in around $0.095-$0.098.
The technical indicators are not fully bearish yet, with the RSI sitting at 46.56, which places the market in neutral territory. Additionally, volume has been lighter on the sell side during the latest decline, suggesting that buyers may be stepping in to support the price.