Dogecoin’s Scar Heals: Will It Bark ‘To the Moon’ Again?

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The mangy mutt of the crypto world, Dogecoin, has limped its way back above the bloodstained line of October’s panic crash, according to the soothsayers at TradingView. That’s the same crash that wiped out $40 billion in derivatives, a massacre so brutal it earned itself the moniker “Black Friday.” Folks, it’s like watching a stray dog chase its tail-only this time, the tail might just be worth something.

This price point, a mere $0.09504, has been a magnet for sellers since the fourth quarter of 2025, like a bone too tempting to ignore. But now, with the meme coin clawing its way back above it, the game’s afoot. The next hurdle? A measly $0.12. But in the world of Dogecoin, every penny feels like a mile.

Is “Black Friday” Now a Fire Sale for the Faithful?

Dogecoin’s just scrambled back above a level the market won’t forget-not because it’s magical, but because it’s a scar, plain as day on every chart. On the DOGE/USDT chart, the price is trading above the October “Black Friday” dump marker, with the latest prints hovering around $0.098 on February 8. It’s like the dog’s finally stopped licking its wounds and started sniffing for scraps again.

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Now, let’s be clear: this ain’t no breakout. It’s a reclamation, a dog marking its territory in a world that’s gone risk-off. For late sellers and cautious dip buyers, it’s a reality check-like realizing the dog you thought was dead is just sleeping on the porch.

The math’s simple: closing the week above $0.095 stops the bleeding, but only if DOGE can hold its ground. Otherwise, it’s just a retest, and the sellers come back like a pack of hungry coyotes. Above, the chart’s got a ceiling in the low $0.10s, where past bounces stalled. And higher up, near $0.12-$0.13, there’s a wall of supply that’s batted the price down like a cat with a toy mouse.

The real prize, though, is way up at $0.152-a pivot point that reminds us just how much damage this market’s taken. But as long as DOGE stays above $0.095, the October dump’s just a bad memory, not a looming threat. And that’s when the “to the Moon” crowd can start howling again, without the chart biting back.

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2026-02-08 19:49