What happened
Dogecoin printed $0. 0890 in early Monday trade, a 2%-plus gain that took the meme coin back through the $0. 0865 and $0.
0870 resistance levels it lost late last week, per NewsBTC's read of Kraken data. The bounce came off a $0. 0855 low set during the weekend and tracked broader strength in Bitcoin and Ethereum into the European session.
DOGE is now sitting above its 100-hour simple moving average for the first time in roughly 72 hours, with a bullish trend line on the hourly chart anchoring support at $0. 0870. The 38.
2% Fib retracement of the $0. 0920-to-$0. 0855 leg, near $0.
0880, has flipped from resistance to support on this push.
Why it matters
DOGE has spent the last week chopping in a tight range between $0. 0855 and $0. 0920, and Monday's move is the first credible test of the upper bound.
The structure matters because $0. 090 is where dealers and short-term traders have been parking stops on both sides. A close above $0.
0905, the first major resistance flagged by NewsBTC, would break that congestion and force a real decision. Below the chart, the macro picture for meme coins remains tied to Bitcoin's beta. DOGE rallied with BTC and ETH into Monday, which is the same correlation pattern that caught the coin on the way down last week.