Dogecoin has touched ten cents at least three times in the past week. Each time, it has slipped back under.
That’s the story on the chart. Off the chart, the coin’s most famous backer is back in the conversation. Elon Musk, CEO of Tesla and SpaceX, put himself back in crypto timelines this week. He reacted with “lol” to an archived screenshot of his profile from the NFT boom.
One post was enough to get people talking
The “lol” wasn’t the only thing that caught attention. A recent Musk post carried the DOGE tag, and some in the crypto community read it as a Dogecoin post. To them, it was a sign that he’s still interested in the dog-themed token.
One widely shared reaction summed up the mood: “Elon Musk just made another Dogecoin post. He’s still here.”
Treat that reading with some skepticism. A tag on a post isn’t a statement of intent, and nothing Musk posted this week said anything specific about Dogecoin’s price or future. But the Dogecoin crowd has always reacted to his posts, and this time the reaction arrived just as the price was testing a key level.
A week of almost
At the time of writing, Dogecoin was trading at $0.098, after hitting a high of $0.10 early Saturday.
The attempts are easy to follow on the daily chart. On Sept. 21, DOGE reached $0.102. Bulls pushed it to $0.106 on Sept. 22 and $0.104 on Sept. 23, and then the price dropped back.
They tried again heading into the weekend. Friday’s rally stopped at $0.10. Saturday went the same way. So far, Dogecoin hasn’t managed to hold above ten cents.
Why $0.10 matters more than it looks
This isn’t a new ceiling. Dogecoin’s rally also stalled at $0.10 on Aug. 22, 2026. After this many rejections, the level looks like a confirmed short-term barrier, and a decisive break above it is now the key to DOGE’s next major move.
If that break comes, the upside targets are $0.11 and $0.14, followed by $0.18 and $0.2.
The more meaningful test may be the daily MA 200. That moving average has capped Dogecoin’s price since October 2025. The question is whether DOGE can turn it into support. If it can’t, the next support sits at the daily MA 50 at $0.083.
The on-chain numbers are still underwater
On-chain data looks better for bulls than the headlines do. Dogecoin’s 365-day MVRV is at -19.26% despite the rally, which means the average trader active over the past year is sitting on a loss.
A negative MVRV like that points to room for a recovery. It also suggests the downside risk is limited, and that holders can climb back if demand stays strong.
The key word is “if.” A “lol” and a tag from Musk got the timeline talking, but the chart has already answered four times this week. Until Dogecoin closes above $0.10 and holds there, ten cents is still a ceiling. The level to watch below it is $0.083.
