Dogecoin has turned lower after testing a major resistance zone near the round $0.10 level, according to a technical analysis published on August 25, 2026. The area also coincides with the upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse C from May, while $0.10 previously acted as support in May.
The reversal halted the prior minor impulse wave 1 within what the analysis describes as intermediate impulse wave (3) from the end of July. With bullish sentiment weakening across crypto markets and the daily RSI showing overbought conditions, DOGE is expected to extend the correction toward the next support at $0.085, which is the projected target for the active minor corrective wave iv.
The analysis notes that the failure to hold above $0.10 has shifted the short-term structure lower, though it frames the move as a corrective phase within a larger impulse sequence rather than a broader trend reversal.
