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Dogecoin is approaching weekly resistance as improving momentum and steady buying interest keep the current rebound in focus.
The Dogecoin ($DOGE) market is showing renewed strength as buyers push the memecoin above the psychologically important $0.10 level. It has also kept it close to the top of its 24-hour range between $0.0947 and $0.1024. The chart shows $DOGE trading around $0.1022, up 7.0% on the day.
Short-term performance supports this view, with Dogecoin also posting gains over the past week and two weeks. In simple terms, the chart now reflects a market that is no longer drifting aimlessly. Dogecoin is regaining momentum, and traders are watching to see whether this push above $0.10 develops into a stronger breakout.
Can Dogecoin Break Further Resistance?
Dogecoin’s weekly chart reveals a modest recovery taking shape, but the price is now moving into an important resistance area. $DOGE is trading near $0.1023, which keeps it above the lower Bollinger Band at $0.0741 and extends its rebound from the recent weakness.
That stabilization matters because it suggests sellers are no longer fully in control after the long slide. Even so, the next major test sits at the Bollinger Band basis near $0.1237, which often acts as a mean-reversion resistance zone during corrective rebounds.
Further, the Balance of Power indicator strengthens the short-term recovery case. With the reading at 0.88, buyers currently hold the upper hand. This shows that bulls are exerting stronger pressure than bears on this timeframe. The positive shift suggests momentum is improving as Dogecoin pushes toward weekly resistance.
Still, momentum alone is not enough to confirm a larger breakout. If $DOGE clears the $0.1237 area, the move will open the door to a stronger recovery toward the upper Bollinger Band near $0.1733.
Dogecoin Futures Flows
The futures flow data shows a mixed short-term picture, but the broader structure still leans constructive. In the 30-minute and 1-hour windows, futures traders have pulled back, with net outflows of $2.33 million and $1.73 million, respectively. That suggests some near-term hesitation or profit-taking after recent activity.
However, the tone shifts on higher timeframes. The 4-hour window returns to a $20.08 million net inflow, while the 8-hour, 12-hour, and 24-hour periods show stronger positive balances of $56.88 million, $78.44 million, and $46.85 million.
The higher-timeframe data matters more for the bigger market narrative. Over 3 days, futures flows remain positive with a $47.90 million net inflow. This data shows that traders are still adding exposure to Dogecoin.
coindesk.com
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