Dogecoin is once again challenging the psychologically important $0.10 level, while Elon Musk has re-emerged in crypto conversations. The Tesla and SpaceX CEO drew attention after reacting to an archived screenshot of his profile from the NFT boom with "lol," and later made another post with a DOGE tag. Some community members interpreted that as a signal that his interest in the dog-themed cryptocurrency remains intact.
Dogecoin was trading around $0.098 after reaching a high of $0.10 early Saturday. This is not the first recent attempt at the level: the coin hit $0.102 on September 21, and bulls pushed it to $0.106 and $0.104 on September 22 and 23 before the price pulled back. Friday's and Saturday's rallies both stalled at $0.10.
Multiple tests of $0.10 have established a short-term resistance zone, with a decisive breakout now seen as necessary for the next major move. The level also capped Dogecoin's rally on August 22, 2026. A successful breakout could target $0.11 and $0.14, ahead of $0.18 and $0.20. On the downside, Dogecoin may attempt to hold the daily MA 200 — a level that has capped price since October 2025 — and if that fails, support is near the daily MA 50 at $0.083.
On-chain data offers a nuanced picture. The 365-day Market Value to Realized Value (MVRV) ratio remains negative at -19.26%, meaning the average trader active over the past year is still facing losses. That could limit downside risk and support a rebound if demand remains strong.
