Dogecoin rises 2.96% to $0.0848 as $0.09 resistance limits recovery

  • Dogecoin climbed 2.96% to $0.0848 during its recovery from August lows.
  • 141.53 million tokens traded as DOGE reached a high of $0.08496.
  • DOGE must clear resistance near $0.09 before targeting $0.10.

Dogecoin rose 2.96% to $0.0848 on Sunday, September 13, continuing its recovery from August lows. The memecoin (cryptocurrency driven largely by online communities) traded as high as $0.08496, while volume reached 141.53 million tokens. Buyers have supported DOGE near $0.08 after its decline from above $0.11 in May to below $0.07 in August. Some analysts see the tighter trading range as a possible base, although the token has mostly remained between $0.08 and $0.009. The immediate hurdle is resistance between $0.088 and $0.09, a level DOGE has failed to hold above several times since the August rally. A sustained break above $0.09 would put $0.10 in view, but DOGE would need to gain about 18% from its latest price to reach it. Other analysts have identified longer-term targets of $0.176 and $0.279, both of which would require DOGE to first clear $0.10. TradingView data indicates that buying strength has been relatively evenly distributed across the range, without unusual bursts. A move below $0.08 would weaken the recovery outlook.

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