Dogecoin rebounds above 200-day average as $0.10 target comes into focus

  • Dogecoin rose from $0.084 to $0.095 and cleared its daily 200-day moving average.
  • DOGE open interest rose 8.5% in one hour to $282 million during short liquidations.
  • Analysts identified $0.10 and $0.12 targets, with $0.0813 serving as key support.

Dogecoin (DOGE) recovered from a September low near $0.08, climbing from $0.084 to $0.095 on Saturday as buyers returned and the token moved above its daily 200-day moving average. DOGE later pulled back to about $0.088 and is battling to hold the technical level, which analysts view as important support after previously acting as resistance. The psychologically significant $0.10 level remains the rally’s immediate resistance, having capped Dogecoin’s mid-August advance. Analyst Ali identified a breakout from a bullish flag pattern that projects toward $0.12, while a daily morning doji star adds to the bullish technical signals. Key support is at $0.0813, with additional potential targets at $0.1552 and $0.1774 if the advance extends. The rebound also followed a derivatives-driven move in which open interest rose 8.5% in one hour to $282 million during short liquidations, while traders continue to watch the September 11 U.S. CPI report.

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