Dogecoin is once again testing the $0.10 price zone, capturing attention throughout the crypto market as influential supporter Elon Musk makes headlines with recent posts.
Musk’s renewed engagement and its impact
Tesla and SpaceX CEO Elon Musk, a well-known proponent of Dogecoin, has reappeared in crypto discussions this week. He responded with “lol” to an archived screenshot of his X (formerly Twitter) profile from the height of the NFT boom, prompting speculation about his ongoing connection to digital assets.
Musk further attracted attention with a post using the DOGE tag. Several community members interpreted this as a nod toward the dog-themed cryptocurrency, reinforcing the perception that Musk remains closely linked to Dogecoin’s narrative.
Elon Musk’s social media activity, such as sharing a DOGE-tagged post, often prompts heightened interest in Dogecoin, as observers monitor for clues about his cryptocurrency preferences.
Price action: Key resistance level at $0.10
Dogecoin traded at $0.098, after touching a high of $0.10 early Saturday. The cryptocurrency has made several attempts to break through the $0.10 threshold in the past week. On September 21, Dogecoin reached $0.102, while subsequent rallies took the price to $0.106 and $0.104 on September 22 and 23, followed by quick pullbacks.
Efforts by bullish traders to sustain momentum near the ten-cent mark have repeatedly stalled there. Notably, Dogecoin’s advances on Friday and Saturday again stopped at $0.10, confirming this level as a pivotal short-term resistance. This pattern echoes previous failed attempts, such as on August 22, 2026, when Dogecoin’s rally was capped at the same price.
A conclusive close above $0.10 is seen as vital for the next phase of upward movement. Should Dogecoin break out, traders are eyeing targets of $0.11 and $0.14, with further milestones at $0.18 and $0.20.
| Resistance/Support Level | Recent Highs | Next Targets |
|---|---|---|
| $0.10 (resistance) | $0.102, $0.104, $0.106 | $0.11, $0.14, $0.18, $0.20 |
| MA 200 (resistance) | Since Oct 2025 | (Must turn into support for higher moves) |
| MA 50 (support) | $0.083 | (Next support on downside) |
Technical landscape and trader outlook
Traders are closely monitoring whether Dogecoin can flip its daily 200-day moving average (MA 200) into a support level. This technical indicator has acted as a stubborn cap on price since October 2025. If Dogecoin fails to clear and hold above this zone, attention may shift to the daily MA 50 at $0.083 as the next area of support.
On-chain analytics shows that the 365-day MVRV (Market Value to Realized Value) remains negative at -19.26% despite the recent price recovery. This suggests that the typical Dogecoin holder active over the last year is still experiencing losses.
Analysts suggest that limited downside risk exists, while the potential for a turnaround is possible if demand persists and price breaks above resistance levels.
Mini dictionary: MVRV (Market Value to Realized Value), is an on-chain metric that compares a cryptocurrency’s market capitalization to the value at which all coins were last moved. A negative MVRV indicates that, on average, holders are holding assets at a loss compared to their acquisition prices.
Despite strong rallies, Dogecoin’s 365-day MVRV stands at -19.26%, reflecting average losses for holders over the past year and highlighting the importance of a sustained price breakout for potential recovery.
