$DOGE rose to $0.09710 during the Binance trading session on Wednesday, indicating renewed strength in the short term.
The price is fluctuating around the $0.10 level, which is a barrier that Dogecoin has tested several times without achieving a strong breakout.
Sustained movement above $0.10 could pave the way towards $0.11, and additional bullish momentum may drive the price to the $0.12 area, according to the full DOGE forecasts.
On the four-hour chart, the relative strength index stands at 64, indicating continued bullish momentum without entering overbought territory.
At the same time, the Chaikin money flow indicator sits around 0.10, with positive readings reflecting ongoing capital inflows. On the downside, short-term support remains solid at $0.095; a break below this level may reveal DOGE at $0.09.