DOGE Tagged 0.1, Now Back Where It Started

In the last post I said DOGE could run up toward 0.1, and it did tag 0.1008 on August 22. But on the 25th it closed at 0.0857, briefly giving up the 0.0866–0.0885 zone I had marked as invalidation.

The next day it climbed back to 0.0877, and yesterday it closed at 0.0891. On the weekly, the eight-month line coming down from January is now near 0.0858 and the weekly MA20 is at 0.0871, so it's also hard to say the previous breakout is completely over.

On the daily, the MA200 at 0.0891 is capping price right overhead. Today it again tagged 0.0903 and dropped back into the 0.087s, and OBV has been lower since its August 23 high, so this reclaim attempt hasn't had the volume that last week's rally did.

The 4-hour made one higher low at 0.0838, but the bounce highs are still below the descending line near 0.092. DOGE/BTC has also slid about 8% since August 23, and BTC dominance is above 60%, so DOGE isn't outperforming BTC right now.

So for now I lean a bit more toward "tagged 0.1 and got pushed back" than toward a resumed rally. If it closes back above the 0.0891–0.0918 zone, that call is wrong and 0.0998–0.105 is back in view — but if it gives up 0.0838, 0.080 and then 0.0741 open up.