Dogecoin (DOGE) has surged to $0.105, marking a nearly 7% increase in the past 24 hours. The memecoin has recorded a 22% jump in 24-hour trading volume, currently hovering around $2.2 billion. After a brutal multi-week downtrend that bottomed near $0.080, DOGE has clawed back the pivotal $0.10 mark. Can bulls extend gains above this level, or will it continue to act as a stubborn rejection wall? DOGE breaches $0.10 supply zone Dogecoin is eyeing a decisive breach above the $0.10 supply zone amid intraday gains that suggest a potential trend reversal. The top memecoin’s modest 7% uptick in the past 24 hours comes as the market experiences fresh risk-on rotation across the crypto market. As Bitcoin looks to retest $80,000 and top altcoins demonstrate resilience, DOGE has ridden the wave of renewed optimism to reclaim the psychological level. The memecoin sector's potential resurgence, following a challenging start to the year, adds to the momentum. Growing chatter around DOGE's integration into retail payment systems has sparked much of the upward vibes among investors. Meanwhile, on-chain metrics indicate that DOGE holder addresses have surged in recent weeks, reflecting accumulating conviction. Notably, bullish social sentiment amplified Dogecoin’s rally to highs of $0.48 in late 2024 and a bounce to near $0.30 in September 2025. The surge above $0.10 could encourage traders to pile in as volume picks up. Dogecoin price outlook Technically, DOGE's chart reveals a bullish breakout from a descending channel formed since October 2025. The relative strength index (RSI) on the daily chart has climbed to 69, indicating imminent breach into overbought conditions. Dogecoin price chart by TradingView However, the momentum is not overextended, and room for further gains remains. Also notable is the 50-day moving average that acts as immediate support near $0.095. Profit taking might allow sellers to revisit this area, but a flip upward amid expanding volume will confirm conviction behind the move. Crypto analyst Ali Martinez recently pointed out this outlook on X: “The level I’m watching most closely for Dogecoin $DOGE is $0.1018. I want to see a sustained four-hour close above this resistance, backed by rising volume, to confirm the bullish breakout. If we reclaim that level, my technical target for the move is $0.1172, which aligns with the channel top.” Beyond $0.11, the next major target looms above $0.12, coinciding with the 0.618 Fibonacci retracements from the cycle high and previous support. A sustained push here could target $0.14, and then $0.20 as bulls blend channel resistance with psychological appeal. Momentum could take Dogecoin to $0.30, particularly if the broader cryptocurrency market finds another leg up. However, bears could re-emerge if DOGE slips below $0.090, reactivating the prior downtrend. Key support rests at $0.079, the cycle bottom. The post Can Dogecoin break higher? DOGE reclaims $0.10 as bulls return appeared first on Invezz
