Dogecoin Golden Cross Puts $0.10 DOGE Target in Focus

Dogecoin (DOGE) is showing renewed bullish momentum after forming a golden cross on its short-term chart, while traders closely watch a major on-chain support zone that could determine the meme coin’s next move.

The bullish technical signal appeared on Dogecoin’s hourly chart when the 50-period moving average crossed above the 200-period moving average. Golden crosses are generally viewed as positive momentum signals, although they do not guarantee further price gains.

DOGE rebounded after falling the previous day following stronger-than-expected U.S. employment data. Nonfarm payrolls increased by 162,000 in August, significantly above the consensus estimate of 53,000. The report prompted traders to increase expectations for a potential Federal Reserve rate hike at this month’s policy meeting.

At the time of writing, Dogecoin price was trading at $0.0877, gaining 4.30% over the previous 24 hours and 2.57% over the past week.

Attention is now turning toward the $0.0813 level, which crypto analyst Ali Martinez identified as an important Dogecoin support zone. Nearly 35 billion DOGE were previously traded around this price, while recent whale accumulation has further strengthened the area as a potential demand floor.

Dogecoin tested the region on August 3, falling as low as $0.081 before rebounding sharply to approximately $0.089. According to Martinez, maintaining support around $0.0813 would keep the bullish DOGE price setup intact, with potential upside targets at $0.1552 and $0.1774.

Additional technical signals are also supporting the bullish outlook. A morning doji star has appeared on Dogecoin’s daily chart, a reversal formation that can indicate weakening selling pressure and growing buyer demand.

DOGE is also displaying a bull flag pattern that projects a possible move toward $0.12. Before reaching that level, however, Dogecoin faces immediate resistance near $0.088, which aligns with the daily 20-period moving average.

A sustained breakout above $0.088 could open the door for Dogecoin to challenge $0.10, a key psychological price level. Conversely, losing the heavily traded $0.0813 support zone could weaken the current bullish setup.