#DOGE #Dogecoin on the threshold of $0.10: a breakthrough or another 40% drop?
After a 26% jump in the last seven days, Dogecoin (
$DOGE ) has approached the important psychological milestone of $0.10, but it has not yet managed to confidently overcome it.
🔑 Key crypto market indicators:
Current price: $0.0888 (correction -2.87% in 24 hours after the rally).
Capitalization: $15.27 billion.
Trading volume: ~$1.2 billion in spot and $2.09 billion in futures.
Open interest (OI): $1.45 billion — the highest level since mid-May, indicating a significant overheating of the derivatives market.
📊 Technical analysis and risks:
YTD resistance: The price tested the annual trend resistance line. Historically, the two previous tests of this zone ended with a ~40% pullback.
RSI indicator: The daily RSI peaked at 71.60, confirming the overbought condition.
MACD signal: The MACD and Signal lines crossed the zero mark from below upwards for the first time since May, recording strong bullish momentum.
⚠️ What's next?
A consolidation above the annual resistance line would open the way to $0.10+ and a continuation of the rally. If FOMO fades and buyers fail to break this barrier, the market expects another wave of profit-taking.