Dogecoin encounters resistance at $0.10 during recovery push

May 29, 2026

Dogecoin has been facing challenges in its attempt to maintain an upward trend, encountering resistance around the $0.10 mark. Despite a recovery from lows near $0.0965, the cryptocurrency briefly surpassed $0.0990, showing some risk-on sentiment akin to movements in Bitcoin and Ethereum. However, Dogecoin remains below the significant psychological level of $0.10 and the 100-hour simple moving average, indicating a lack of strong bullish support.

To sustain its momentum, Dogecoin needs to overcome immediate resistance at $0.1010 and maintain a close above $0.1032. Achieving this could push the price towards levels around $0.1050 and possibly $0.1065, with a more long-term target near $0.1120. Conversely, failing to break through $0.1010 may result in renewed selling pressure, with support anticipated at $0.0985, $0.0965, and a critical level at $0.0950. A drop below $0.0950 could accelerate further declines towards $0.0920 and $0.0900.

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