DOGE Bulls Seize Short-Term Control: Is $0.10 the Next Target?

DOGE Bulls Seize Short-Term Control: Is $0.10 the Next Target?
  • DOGE regained short-term strength as macro-driven liquidations lifted crypto prices.
  • A 327.3M DOGE Robinhood transfer reduced exchange supply and supported sentiment.
  • Ali Charts says $0.090-$0.060 is key, while $10 implies a 10,550% rise from $0.0939. 

Dogecoin’s native token, DOGE, regained short-term traction after a broader crypto rebound pushed the memecoin back toward a key resistance cluster on the four-hour chart. The move followed Bitcoin’s reaction to macro news, as a fragile U.S.-Iran ceasefire announced on April 9 reshaped risk sentiment across markets.

Accordingly, WTI crude oil fell from $102 to $98 per barrel after the ceasefire headline, helping reprice Federal Reserve rate-cut expectations and triggering a sharp short squeeze. Per reports, more than $427 million in crypto short positions were liquidated in 48 hours. Within that move, Dogecoin rose roughly 0.78%, closely tracking Bitcoin’s 1% gain and reinforcing the strong beta relationship between both assets.

At the same time, on-chain flows added another supportive element to the setup. Whale Alert reported that 327,269,524 DOGE, worth $29.9 million, moved from Robinhood to an unknown wallet on April 9. That transfer immediately reduced the liquid exchange supply, while DOGE’s price held near $0.0939 above a rising support trendline.

Robinhood Dogecoin Transaction Explorer (Source: Arkham Intelligence)

Robinhood Dogecoin Transaction Explorer (Source: Arkham Intelligence)

The chart structure now places the memecoin at a clear technical crossroads. Buyers returned the price to a dense resistance band, and the question around $0.10 is no longer abstract. In the reported setup, it depends on whether the market can clear the barrier directly overhead.

DOGE Tests a Crowded Ceiling With Momentum Rising

Technically, the asset approached a narrow ceiling between $0.0942 and $0.0962. That area combined the 0.382 Fibonacci level near $0.0943, a gray resistance box, and a descending trendline that continued to cap upside attempts.

A clean move above this zone could open the path toward $0.0981, then $0.1009, with the broader swing high near $0.1044 still visible above. On the downside, the 0.236 Fibonacci level near $0.0918 and the rising trendline remain the first levels to watch.

DOGE 4-Hour Price Chart (Source: TradingView)

DOGE 4-Hour Price Chart (Source: TradingView)

If DOGE slips below them, the bullish structure may weaken and shift focus back toward lower support. Meanwhile, momentum is starting to lean constructive, with the RSI near 58.7, suggesting buyers are regaining control without yet pushing the asset into overbought territory.

This combination explains why the current zone matters. DOGE’s price is no longer simply rebounding. It is compressing beneath resistance while the chart suggests pressure is building for a larger move.

The Road to $0.10 Opens Only if Bulls Clear This Zone

The chart laid out a clear upside sequence above resistance. The first level sat near $0.0981, followed by $0.1009, while the broader swing high near $0.1044 remained above both. Technically, that means $0.1009 is the next psychological upside objective only if the $0.0942-$0.0962 barrier breaks.

Until that happens, the setup remains a pressure build beneath resistance rather than a confirmed breakout. Separate from the short-term chart, market analyst Ali Charts added a longer-term angle by pointing to a recurring monthly fractal that he said resembles earlier Dogecoin cycles.

In his latest post, he identified the $0.090 to $0.060 range as a potential “smart money” accumulation zone and described it as a historical coiling phase before major expansions. His latest comments echoed an earlier March 18 post in which he wrote, “Once you see this Dogecoin fractal, you can’t unsee it.”

The chart he shared referenced prior breakout phases exceeding 9,000% and 30,000%, with the current projection estimating a broader long-term target of $10. Such a move would represent an increase of about 10,550% from DOGE’s current market value of $0.0939.

The April 20 community event also stayed in the background after the large transfer occurred 11 days earlier. That timing added to attention around accumulation and volume, but the immediate answer remained technical: on this chart, $0.10 becomes the next target only after resistance gives way.

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Kelvin Maore
Written by Kelvin Maore
Kelvin Maore is a Crypto Market Analyst at CryptoNewsZ with experience covering cryptocurrency markets, blockchain technology, and digital assets. He has contributed to reputed crypto media platforms, delivering research-driven and timely analysis. Kelvin specializes in market trends, price movements, and industry developments, providing clear and data-backed insights. He focuses on helping readers understand the evolving digital asset landscape through accurate, engaging, and well-structured content.