Dogecoin Touches $0.10—Will It Rebound Following Bitcoin?

▲ Dogecoin, Tesla/ChatGPT generated image

Dogecoin (DOGE) has ridden Bitcoin’s strong rebound to reclaim the psychological resistance level of $0.10, signaling a revival of the meme coin market.

According to crypto-focused outlet NewsBTC on February 26 (local time), Dogecoin surged about 10% over the past 24 hours, successfully breaking through the $0.10 resistance zone. The rally comes as Bitcoin recovered the $69,000 level, significantly improving overall market sentiment. After confirming solid buying support around the key $0.09 level, Dogecoin has been charting a steep upward trajectory, leading the rebound among altcoins.

Technical indicators are reinforcing the possibility of further gains. On the hourly chart, breaking above the descending trendline formed near $0.095 served as the key catalyst for the current rally. Dogecoin is now holding steadily above the 100-hour simple moving average and is attempting to reclaim the next resistance levels at $0.11 and $0.12. If buying pressure persists above $0.10, a brief consolidation phase could pave the way for a more powerful breakout.

Major momentum indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are also sending positive signals. The RSI remains above 50, indicating a buyer-dominant market, while the MACD continues to expand in bullish territory, strengthening upward momentum. Analysts suggest that if Dogecoin firmly surpasses $0.105, the meme coin’s characteristic explosive demand could flow in, potentially enabling a retest of previous highs within the first quarter.

The return of ample liquidity to the meme coin ecosystem is another encouraging sign. Notably, this rebound was accompanied by a large-scale short squeeze, forcing capitulation from investors who had bet on further declines. As Bitcoin approaches the $70,000 milestone and establishes stronger downside support, capital rotation into high-risk, high-reward assets like Dogecoin is expected to intensify.

However, the possibility of profit-taking following the sharp short-term surge cannot be ruled out. The first key support level sits at $0.098, and a breakdown below this zone could extend losses toward $0.095. Despite short-term volatility, Bitcoin’s solid fundamentals and sustained public interest in meme coins remain core drivers supporting Dogecoin’s value recovery. Investors should closely monitor key resistance breakouts and trading volume changes while adopting a cautious strategy.

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