Dogecoin Holds Near $0.08 Support Amid Mixed Technical Signals

Dogecoin (DOGE) is trading just above $0.08, a level that has acted as key support after a recent slide to $0.078. Technical analysis shows the price below several moving‑average lines and the RSI hovering in oversold territory, indicating continued bearish pressure. At the same time, traders note a modest rally: “Dogecoin traded higher over the past 24 hours, rising 2.23% to $0.0851 as the broader crypto market recovered alongside Bitcoin.”

Futures data shows open interest rising about 6 % to roughly 13 billion DOGE, suggesting growing confidence among speculative traders even though price gains have been modest. The market is watching the $0.096 resistance level, near the 38.2 % Fibonacci retracement, as a potential trigger for a larger upside move. Conversely, a breach below the $0.078‑$0.080 zone could reopen a 10‑15 % downside corridor.

Broader macro factors, such as the U.S. Consumer Price Index report showing a softer core CPI reading, helped lift risk assets and provided a short‑term boost to crypto prices, reinforcing the link between Dogecoin’s movements and Bitcoin’s performance.