DOGE Bounces Back 10% from Bearish Pressure – Can Dogecoin Price Reach $0.13?

Jakarta, Pintu News – Dogecoin (DOGE) is trying to turn things around. After several days of being under downward pressure, the meme coin surged 10% and reignited bullish sentiment in the market.

Even so, this rise still faces an important test. If buyers fail to break through the resistance area, the upward movement could potentially come to a halt. So, will the Dogecoin price be able to maintain its momentum and continue its rise to $0.13?

Upside Potential is Still Vulnerable

DOGE started to show positive activity again on the 4-hour chart, as the price of these memecoins moved up. However, DOGE is still struggling to break through a major resistance zone. Currently, the asset is trading at around $0.099 and is still holding within a fairly clear range of movement.

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On the one hand, buyers continue to guard the $0.089 support area so that deeper downward pressure can still be contained. But on the other hand, Dogecoin price repeatedly failed to break the $0.11 resistance level.

As a result, the market is still moving in a sideways phase. The pattern of lower highs that was formed earlier has now started to shift to slightly higher lows. This indicates a gradual change to a more bullish structure, but not enough to confirm a breakout.

Momentum indicators are also still giving mixed signals. The Chaikin Money Flow (CMF) is slightly in the negative area, at -0.07. This suggests that capital inflows are still weak despite the near-term recovery in prices.

Meanwhile, the Awesome Oscillator (AO) has reversed to the positive zone and started forming green bars. This difference in signals is important to watch out for. Although bullish momentum is starting to build, the volume-backed upward push is still not strong.

As such, the upside potential for prices remains fragile as long as there is no more solid increase in capital flows.

Demand for Dogecoin Starts to Weaken

The Dogecoin derivatives market reflects this wait-and-see attitude, with open interest (OI) declining as the price stabilizes around $0.10. After breaking over $5 billion in the previous rally, open interest has now gradually fallen to around $1.25 billion, a decline of around 5%. This indicates less speculative activity in the market.

Interestingly, this drop came after a fairly sharp price contraction, so it reflects forced liquidation and position unwinding rather than the formation of new bearish pressure.

As a result, the market currently appears to be undergoing a phase of readjustment. On the other hand, the flat open interest movement in the last few sessions suggests hesitation, as DOGE traders are yet to take aggressive positions.

However, this compression phase could also be the first sign before volatility picks up again. If the Dogecoin price manages to break through important resistance, the leverage coming back in could drive further upward momentum.

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Conversely, if prices remain stagnant or become depressed again, market participation will likely remain limited.

For now, the combination of low open interest and relatively calm price movements suggests that the market is in transition, rather than being driven by strong directional conviction.

DOGE Price Outlook: Upward Pressure Begins to Emerge

On the daily chart, the price of DOGE remains under pressure as its movement continues to follow the downtrend line, which confirms that the broader bearish structure is still dominant. After several failed attempts to break the 0.236 Fibonacci level in the $0.13 area, the asset continues to move lower and is now hovering around $0.10.

However, momentum is starting to show a change. Buyers are slowly coming back in, as seen from the formation of higher lows in recent times as well as a limited but noticeable increase in volume.

At the same time, the Bull and Bear Power (BBP) indicator started to reverse to the positive zone, signaling that selling pressure is starting to weaken. Meanwhile, the Money Flow Index (MFI) continues to rise near the 65 level, indicating that capital inflows have started to improve.

However, the resistance area above the price still remains strong. The downtrend line is still a major obstacle to the upside and limits the chances of a breakout. If buying pressure is maintained and this level is recaptured, the price of DOGE has the opportunity to rise towards $0.13.

Conversely, if it fails to hold at current levels, the Dogecoin price could be pressured back towards the $0.079 support area, so the downside risk still remains open.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. Dogecoin Price Reverses Bearish Trend With 10% Jump – Will DOGE Hit $0.13? Accessed on March 17, 2026