Dogecoin Holds Above $0.10 as 0.618 Fib Caps the Rebound

2026-02-16 12:38:34

⬤ Dogecoin is hanging on just above the $0.10 mark on the weekly timeframe, currently trading near $0.1028. DOGE managed to close a weekly candle above the ten-cent threshold while traders keep their eyes on what looks like a potential double bottom forming.

⬤ The chart shows a clear Fibonacci structure that traders are using to map out what’s next. The 0.618 retracement sits around $0.1179 and is acting as a ceiling right now. Above that, the 0.5 level is near $0.1545, while the 0.786 retracement down at $0.0804 marks the next support zone if things pull back.

⬤ As the analyst noted, dips below $0.10 represent a “strong buy zone” in their view, while staying above keeps the double bottom scenario alive. The big question now is whether DOGE can push through that 0.618 resistance or just keep bouncing between $0.10 and the lower Fibonacci support.

⬤ This setup matters because it shows how a widely watched psychological level is bumping up against a well-defined technical barrier. With Dogecoin consolidating around $0.10 and the 0.618 retracement overhead, short-term sentiment will likely stay tied to these levels as traders figure out whether this stabilization turns into a bigger reversal or just more sideways action.

DOGE-3,2%

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