DOGE Price Rebounds After Sharp Liquidation Selloff – Here Is Why Traders Are Watching $0.108 Closely

• DOGE price briefly fell below $0.10 before rebounding toward the $0.103 region.
• The SMA 100 near $0.108 remains the most important short-term resistance level.
• Whale accumulation, ETF discussions, and supply reduction proposals continue supporting long-term interest in Dogecoin.

The DOGE price is starting the new week in a pretty fragile position after a rough stretch of trading pushed the meme coin beneath the important $0.10 support zone. Dogecoin briefly slipped to around $0.0997 before buyers finally stepped in, though not before the selloff wiped out nearly $16.4 million in long positions across futures markets.

That breakdown triggered another wave of panic selling, especially from leveraged traders who got caught on the wrong side of the move. Even so, the market didn’t completely collapse afterward. DOGE managed to rebound back toward the $0.103 area fairly quickly, and now traders are watching closely to see whether buyers can actually defend this region over the next several sessions.

At the moment, the structure still looks more corrective than fully bearish, but momentum definitely weakened after losing the psychological $0.10 level temporarily.

DOGE Price Remains Trapped Between Key Levels

Looking at the chart, one resistance zone immediately stands out. The SMA 100 near $0.108 continues acting as the biggest short-term barrier for Dogecoin right now. DOGE has stayed below that moving average for a while, and every recovery attempt near the level has struggled to build proper follow-through.

As long as the price remains beneath that zone, short-term momentum probably stays tilted slightly toward sellers.

At the same time, the support region between $0.100 and $0.102 has now become the key defensive area bulls need to protect. Buyers already reacted aggressively there once after the liquidation-driven flush lower, so another retest could become extremely important for the short-term structure.

If DOGE manages to reclaim the SMA 100 and break back above $0.108 with stronger volume, traders will likely start targeting the $0.112 level first before looking back toward previous highs around $0.118 to $0.120.

On the downside, if sellers force DOGE back below $0.100 again, the next major support region probably comes closer to the $0.095 to $0.098 range. That’s where traders may start looking for stronger accumulation if volatility increases again.

Technical Indicators Show a More Neutral Setup

Interestingly, the technical indicators don’t look completely bearish yet. RSI currently sits around 46.56, placing DOGE in fairly neutral territory after earlier bearish divergence signals appeared near the recent local top.

That neutral RSI reading suggests momentum has cooled significantly, but the market still hasn’t fully shifted into oversold conditions either. Basically, DOGE is sitting somewhere in the middle right now while traders wait for clearer direction.

Volume data also adds some useful context here. Trading activity exploded during the earlier rally toward the $0.12 region, but the latest correction happened alongside noticeably lighter sell-side volume. That usually suggests panic selling wasn’t as aggressive as previous major breakdowns, which is one reason some traders still believe this move may simply be a healthy reset after a stronger rally.

Still, meme coins tend to move extremely fast once momentum shifts, so traders remain cautious about overcommitting too early.

Bigger Dogecoin Narratives Continue Building

Outside the chart itself, Dogecoin still has several major narratives keeping the market interested longer term. One of the biggest ongoing discussions involves a proposed reduction in DOGE block rewards from 10,000 DOGE down to 1,000 DOGE per block.

If eventually approved through a future hard fork, annual DOGE issuance would reportedly fall from roughly 5 billion coins down to around 500 million. That would completely reshape Dogecoin’s inflation model and potentially make the asset more attractive to long-term holders over time.

Nothing has been finalized yet, but the proposal continues gaining attention inside the DOGE community because of how dramatically it could impact future supply dynamics.

Institutional access is also slowly becoming part of the story. Conversations around potential Dogecoin ETFs in the United States continue circulating, while products like the 21Shares Dogecoin ETP are already actively trading in European markets.

Dogecoin still remains one of the most sentiment-driven assets in crypto though, and whale activity continues playing a major role in price behavior. Following the recent drop below $0.10, large holders reportedly started accumulating more DOGE again during the weakness.

That kind of whale accumulation can sometimes strengthen support areas because larger buyers absorb liquidity during fear-driven selloffs. Of course, the flip side is that meme coins also remain extremely volatile if broader crypto sentiment suddenly weakens again.

What Traders Are Watching Next for DOGE

For now, DOGE price continues ranging tightly between support near $0.100 and resistance around $0.108. That narrow structure likely won’t hold forever.

If bulls successfully reclaim the SMA 100 and maintain strength above it, a faster move back toward $0.112 and potentially $0.118 could follow relatively quickly. But if support fails again beneath $0.100, traders will probably start preparing for a deeper corrective move back into the mid-$0.09 region.

At this stage though, the broader structure still looks more like a market cooling off after a strong rally rather than the start of a much larger breakdown. The next few trading sessions should make the direction much clearer.

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