Dogecoin holds near $0.10 after 25% rally as momentum fades

  • Dogecoin returned to $0.10 after gaining 25.2% over seven days.
  • DOGE traded below its $0.10185 and $0.10088 short-term moving averages.
  • Whale wallets added more than 240 million DOGE during September’s correction.

Dogecoin has returned to the $0.10 region for the first time since early June after rising 25.2% in seven days, but short-term momentum has weakened. CoinGecko showed DOGE near $0.10 on Sept. 23, with a market capitalization of roughly $15.6 billion, 24-hour trading volume near $1.8 billion and a seven-day range of about $0.0784 to $0.1056. The token recovered from approximately $0.080 on Sept. 15 and reached the $0.10 area on Sept. 21-22. DOGE is trading below its nine-period moving average of $0.10185 and 21-period average of $0.10088, while its 14-period RSI has fallen to 48.40 from above 70, indicating neutral momentum after the rally. Traders are watching whether $0.10 becomes support. Analyst targets include $0.1175 and $0.15, while longer-term projections of $0.22 and $1-$3 remain speculative. Derivatives open interest is around $1.64 billion, with roughly $3.05 billion in futures turnover and about $5 million in liquidations over 24 hours. Whale wallets added more than 240 million DOGE during the September correction, although exchange inflows have also indicated greater token availability for potential selling. X’s expanded financial-services partnerships were previously identified as a catalyst, while Bitwise plans to close its Dogecoin ETF after limited investor demand.

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