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Dogecoin holds near $0.09 after a 4.5% rally but faces a likely pullback amid weak network activity.

Technical Signals
16 Apr 2026
Blockonomi
View Source
Neutral
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Dogecoin (DOGE) recently surged 4.5%, reaching close to the $0.10 level and outperforming Bitcoin and Ethereum in the short term. However, this price increase appears driven by derivatives and leveraged trading rather than genuine network usage, as daily active addresses on the blockchain are declining. Technical analysis indicates a false breakout on the 12-hour chart, suggesting a potential pullback to around $0.088. Key support and resistance levels remain at $0.09 and $0.10 respectively, with the overall market structure still bearish and compressed beneath descending resistance lines.

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