Dogecoin (DOGE) edges toward $0.1120 as bulls confront a decisive challenge.

crypthub

5/12/2026, 5:22:36 AM

Recent Price Action and Momentum

Dogecoin saw a fresh upward move, rising above the $0.1080 and $0.1085 resistance levels. The price has remained supported above the $0.1020 zone, indicating strong buying interest. Traders noted that the DOGE/USD pair is currently trading above the $0.1090 level and the 100-hourly simple moving average. Overall, Dogecoin has shown significant gains, testing zones near $0.1125.

Key Technical Formations and Targets

A key contracting triangle forms on the hourly chart, offering support at $0.1090. Immediate resistance awaits at $0.1120, while the next major hurdle is located near $0.1128. If momentum continues, subsequent resistance levels could be near $0.1145 and potentially heading toward the $0.120 level. A clear move above these resistance points suggests continued bullish activity.

Support and Resistance Levels

Critical support zones include $0.1090, $0.1080, and major support at $0.1050. If DOGE fails to break above $0.1128, downward movement is possible. Below $0.1050, the price could slide further toward the $0.1020 or even $0.10 level. Technical indicators show the RSI is above 50, though the MACD is losing bullish momentum.