Dogecoin Tests $0.10 Resistance as Musk Returns to Spotlight
Dogecoin (DOGE)
Editor:
Eugene Serbin
Dogecoin is testing the $0.10 resistance level for the fourth time in recent days, currently trading at $0.098 after hitting $0.10 early Saturday. According to cvj.ai, this renewed attention follows Elon Musk’s return to the crypto conversation with a cryptic post and a reaction to an archived NFT profile screenshot. Musk’s history of influencing the asset’s price is well-documented, and his latest activity has reignited speculation about his ongoing involvement.
The $0.10 mark has proven to be a formidable barrier, with bulls failing to sustain breaks on September 21, 22, and 23. A decisive breakout above this level is considered crucial for the next major price move, potentially targeting $0.11 and $0.14 based on Fibonacci retracement levels. If the resistance converts to support, it could pave the way for a sustained upward trend.
Conversely, failure to break out could lead to consolidation or a pullback toward $0.09 support. The broader market remains bullish, with assets like Solana and Cardano showing strength, though volatility may arise from Hester Peirce’s resignation. Investors are watching closely to see if Musk’s interest provides the catalyst needed for a decisive move. The community’s focus on Musk underscores his continued influence and the potential for renewed retail interest.
How the market reacted
Whalio's own Binance spot order flow for DOGE, measured when this story was written up on 27 September 2026. Not the outlet's figures.
Whalio’s Binance spot data for Dogecoin shows a price of $0.09673 with a 1-hour buy ratio of 55.1% and a 4-hour buy ratio of 50.2%. These short-term readings are higher than the 24-hour buy ratio of 52.6%, indicating that buying pressure is currently building in the immediate term. The 1-hour volume delta is positive at $241,938, while the 4-hour delta is $61,082, suggesting active accumulation over the last few hours. The 24-hour volume delta stands at $2,659,609, with a cumulative volume delta of $513,500 at the close. This flow data indicates that buyers are currently outpacing sellers, with net buying occurring in 14 of the last 24 hours. The spot volume for the period is recorded at $50,746,562 across 439,524 trades.
The latest daily buy ratio of 37.6% sits at the 0th percentile of the last 322 days, against a median of 48.9% - among the weakest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for DOGE, averaged over the days leading up to the story.
Over the preceding week, Dogecoin saw a 7-day average buy ratio of 50.5%, with the latest day showing a buy ratio 2.1 points higher than that average. Volume during this period was 0.34 times the average, indicating a quieter trading session compared to typical activity. The coin experienced a price change of +10.3% over eight days, supported by a total volume delta of $29,785,077. Net buying occurred on five of the seven days, suggesting a generally positive trend over the week. This current day’s volume activity remains below the weekly average, highlighting a potential pause in momentum despite the recent price gains.