Dogecoin started a recovery wave from the $0.089 zone against the US Dollar, climbing above $0.092 and the 100-hourly simple moving average. The price is now trading above the $0.0915 level but faces immediate resistance near $0.093. A bearish trend line is forming with resistance at $0.0928 on the hourly chart.
The recovery follows a similar pattern to Bitcoin and Ethereum, with DOGE moving above the 50% Fibonacci retracement level of its recent decline from $0.0937 to $0.0893. However, bears remain active near the $0.093 zone, preventing further upward momentum. The cryptocurrency needs to maintain support above $0.090 to continue its recovery attempt.