Dogecoin is currently hovering just below $0.105, and buyers are eager to break through this level. However, they will have to overcome huge resistance before they can push the price to $0.110.

As bearish sentiment became stronger, Dogecoin fell below its 50-day moving average last weekend, and the price fell by 2.55% to $0.103. On Monday, the price continued to fall, falling another 3.30%, not only falling below $0.100, but also below its 20-day moving average, and finally closed at $0.099. However, the $0.100 level is a strong support for Dogecoin. So on Tuesday, it rebounded and returned to above the 20-day moving average and $0.100, closing at $0.101, up almost 2%. On Wednesday, despite selling pressure, Dogecoin continued to rise and broke through its 50-day moving average, closing at $0.103 up 2.17%. In the current trading day, Dogecoin is up 1.25%,

Is there really hope of breaking through the resistance level of $0.105? If Dogecoin can break through $0.105, will we really see it rise to $0.110? However, if the sellers are back in control, will they try to push the price below $0.100?