Dogecoin Surges to Two-Week High Above $0.09 as Analysts Cite Technical Signals
Dogecoin rallied sharply on Saturday evening, hitting $0.094 before retreating to $0.09, with analysts attributing the move to technical indicators.
Why it matters
The story is based on a single outlet's report of a short-term price movement with no broader market impact or regulatory significance.
Key facts
Dogecoin reached $0.094, a two-week high, before retreating to $0.09.
0.094 USDReported by CryptoPotato
DOGE gained approximately 12% from its Friday low to the Saturday peak.
12 %Reported by CryptoPotato
The rally occurred despite DOGE falling to $0.084 after a bearish US jobs report.
0.084 USDReported by CryptoPotato
Analyst CW identified a major sell wall that is currently too strong to break.
Reported by CryptoPotato
The next significant resistance level for DOGE sits at $0.14.
0.14 USDReported by CryptoPotato
Analyst Alex Marzell said DOGE did 'exactly what it needed to' by rebounding from Friday lows.
Reported by CryptoPotato
A single 4-hour candle moved DOGE from $0.0876 to $0.0952, breaking through $0.088 resistance.
0.088 USDReported by CryptoPotato
What happened
CryptoPotato reported that Dogecoin spiked approximately 12% from its Friday low to reach $0.094 on Saturday evening, marking a two-week high before pulling back to $0.09. The outlet noted the rally was unexpected given typical weekend calm, and occurred despite DOGE being rejected at $0.088 earlier after a bearish US jobs report pushed the asset down to $0.084. CryptoPotato cited three technical signals including the TD Sequential that had previously indicated a potential rally. Analyst CW, according to CryptoPotato, identified a major sell wall that proved too strong to overcome, with the next significant resistance at $0.14 if that level breaks. Alex Marzell, also cited by CryptoPotato, stated DOGE 'did exactly what it needed to' by rebounding from Friday lows to reclaim key resistance, describing how a single 4-hour candle moved the price from $0.0876 to $0.0952.
How the story developed
- Update
DOGE declined to $0.084 following US jobs report
The US jobs report was considered bearish for risk-on assets, pushing DOGE down from $0.088 to $0.084.
- First report
First report by CryptoPotato
Dogecoin (DOGE) Suddenly Pumps by Double Digits as Analysts Declare the Start of Altseason
- Update
DOGE rallied to two-week high of $0.094
Dogecoin spiked approximately 12% from its Friday low.
- Update
DOGE pulled back from peak to $0.09
The asset slipped from its local high as of press time.
Affected entities
Also mentioned: Litecoin, Bitcoin Cash
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| CryptoPotato Crypto media | Dogecoin (DOGE) Suddenly Pumps by Double Digits as Analysts Declare the Start of Altseason | Original |
Related events
Dogecoin recovers above 200-day moving average after 10% rebound from early September low
Dogecoin climbed roughly 10% from its Sep. 2 low of $0.0817 to trade near $0.09, reclaiming its 200-day SMA at $0.08839.