Dogecoin shows renewed strength, eyes $0.10

Key takeaways

• DOGE is up 1% and is now trading at $0.095.
• The memecoin could rally towards the $0.10 psychological level in the near term.

Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are all displaying signs of renewed strength on Tuesday, as bullish technical setups emerge across major meme coins. 

DOGE and SHIB are testing key resistance zones, with a close above these levels potentially signaling further upside. Meanwhile, PEPE continues its recovery, finding support near the crucial 50-day Exponential Moving Average (EMA), setting the stage for a potential rally continuation.

Derivatives data support a bullish outlook for Dogecoin

Dogecoin is up 1% in the last 24 hours and could rally higher in the near term amid a bullish outlook from the broader crypto market.

Bitcoin has reclaimed the $76,000 level, while Ether is now trading above the $2,300 mark once again.

Meanwhile, Dogecoin is looking to embark on a breakout above the $0.10 psychological level if the bullish trend persists.

Dogecoin’s derivati...