TLDR
- DOGE crossed the $0.10 threshold, reaching $0.1013 before entering a consolidation phase
- Weekly active addresses jumped 176%, climbing from 41,557 to 114,662
- Bulls targeting $0.1020 resistance, followed by $0.1050 and $0.1080 levels
- Daily chart shows RSI at 57 with MACD displaying a bullish crossover
- Support at $0.0955 becomes critical if $0.1020 resistance holds
Dogecoin has delivered impressive weekly performance, breaking through the $0.10 threshold as cryptocurrency markets show signs of recovery. The meme coin reached a local peak at $0.1013 before entering a consolidation pattern.
DOGE maintains trading action above $0.0985 alongside the 100-hourly simple moving average. The hourly chart displays a bullish trend line establishing support near the $0.0955 level.
Traders are monitoring $0.1020 as the critical resistance threshold. A successful breach of this level would bring $0.1050 into focus, with $0.1080 following as the subsequent target.
Should DOGE manage a daily close above $0.1080, bulls would set their sights on $0.1120, with $0.1220 representing a longer-term objective.
Technical Indicators Turn Positive
The daily chart reveals the RSI positioned at 57, comfortably above the 50 midpoint and showing upward trajectory. This configuration indicates strengthening bullish momentum.
The MACD indicator has completed a bullish crossover, accompanied by expanding green histogram bars that confirm the positive price movement.
DOGE is advancing toward the 50-day EMA positioned at $0.102. Breaking above this moving average on a daily closing basis would reinforce the bullish outlook, bringing $0.110 into view as the subsequent zone.
Weekly resistance at $0.119 aligns with the 100-day EMA, establishing this as a significant area should the uptrend maintain its course.
Network Activity Picks Up
Dogecoin’s active address count experienced a remarkable 176% expansion within seven days, surging from 41,557 to 114,662. This dramatic increase in on-chain activity points to heightened user engagement across the network.
Elevated participation levels often correlate with growing demand for token transfers and transactions. Market observers suggest that sustained network activity at these levels could attract additional buying pressure.
DOGE was priced at $0.096 according to CoinMarketCap data from March 15, reflecting a 1.36% daily gain and more than 7.5% appreciation from the previous week.
Regarding downside scenarios, failure to overcome $0.1020 resistance would bring $0.0995 support into play, with $0.0978 serving as the secondary level. The $0.0955 zone represents the primary support area.
A breakdown beneath $0.0955 could trigger selling pressure toward $0.0940, potentially extending to $0.0920.
Trader Tardigrade highlighted on March 13 that DOGE had made contact with a multi-year historical support trendline for the third occasion — a boundary that has proven resilient for more than ten years.
The 176% expansion in active addresses documented on March 15 stands as one of the strongest fundamental metrics backing the current price movement.
