Dogecoin is currently testing the $0.10 level as Elon Musk, CEO of Tesla and SpaceX, has regained the crypto community’s attention after reacting to a screenshot of his profile. DOGE was trading at $0.098 with a high of $0.10 reached on Saturday, marking at least three attempts to break through this level in recent days. A decisive breakout above $0.10 could target $0.11, then $0.14 before the $0.18 and $0.20 levels. According to on-chain data, Dogecoin’s 365-day MVRV remains negative at -19.26%, indicating that traders active over the past year are on average at a loss, suggesting limited downside risk and potential for recovery if demand stays strong.
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