Dogecoin Struggles to Hold $0.10 Despite Renewed Attention on Elon Musk

Summary

• Dogecoin briefly touched $0.10 amid renewed attention to Elon Musk, but buyers have struggled to hold the price above resistance.
• Repeated tests of $0.10 place $0.11 and $0.14 among potential targets, while the 200-day average presents another obstacle for buyers.
• DOGE’s negative 365-day MVRV signals average holder losses, while the 50-day average near $0.083 marks a possible downside reference point.

Dogecoin (DOGE) is struggling to hold above $0.10, even as Elon Musk’s recent posts draw attention from its supporters. The coin touched that price again on Saturday but slipped to around $0.098, extending a series of brief moves above ten cents.

Musk replied “lol” to an archived screenshot of his profile from the NFT boom. Another post carried a DOGE tag, which some users interpreted as a nod to the cryptocurrency. However, neither post announced a Dogecoin initiative or explained the coin’s price movements.

For traders, the more immediate issue is DOGE’s inability to sustain a break above $0.10. The coin reached $0.102 on September 21 before climbing to $0.106 and $0.104 on the following two days.

Those gains faded, and renewed attempts on Friday and Saturday also stopped near ten cents. Dogecoin faced a similar setback at that level on August 22, adding to its significance as a price barrier.

Also Read: Peter Brandt Criticizes XRP Loyalty While Watching a Bullish Chart Pattern

Dogecoin’s Repeated Tests Make $0.10 the Level to Watch

Each return to $0.10 shows buyers still challenge the barrier, yet repeated retreats show they have struggled to hold above it. A sustained move above $0.10 could bring $0.11 within reach, followed by $0.14, $0.18 and $0.20 if DOGE holds its gains.

However, those levels remain potential targets because DOGE has yet to establish support above $0.10 during its latest attempts. The daily 200-day moving average presents another obstacle because it has capped DOGE’s price since October 2025. Conversely, a loss of buying strength could draw attention to the daily 50-day moving average near $0.083, widening DOGE’s distance from a breakout.

On-Chain Losses Add Context to DOGE’s Price Test

Dogecoin’s 365-day market value to realized value ratio stands at approximately minus 19.26%, indicating average losses among holders active over that period.

A negative reading can leave room for holders to recover if demand grows. However, it cannot establish when buyers will return or whether DOGE will break resistance.

Musk’s posts have brought Dogecoin into the conversation again, but the price test remains unresolved. DOGE needs to hold above $0.10 before its latest attempts amount to a sustained breakout.

Also Read: Cassie Craddock: Early Life and Net Worth – The Ripple Executive Leading UK and Europe

The post Dogecoin Struggles to Hold $0.10 Despite Renewed Attention on Elon Musk appeared first on 36Crypto.