Over the past week, Dogecoin has reached the ten-cent mark on at least three occasions. On every one of them, the price failed to stay there.
That sums up the chart. Away from the chart, the token’s best-known supporter has returned to the discussion. Elon Musk, who runs Tesla and SpaceX, showed up on crypto timelines again this week after replying “lol” to an archived screenshot of his profile from the days of the NFT boom.
A single post got the community talking
Attention wasn’t limited to the “lol.” One of Musk’s recent posts included the DOGE tag, and part of the crypto community took it as a post about Dogecoin. For them, it signalled that his interest in the dog-themed token hasn’t faded.
A reaction that circulated widely captured the sentiment: “Elon Musk just made another Dogecoin post. He’s still here.”
That interpretation deserves some caution. Tagging a post is not the same as stating an intention, and none of Musk’s posts this week said anything concrete about where Dogecoin’s price or future is headed. Still, the Dogecoin crowd has always reacted to his posts, and this time the response landed just as the price was pressing against an important level.
Seven days of near misses
As of writing, Dogecoin was changing hands at $0.098, having peaked at $0.10 early on Saturday.
The daily chart lays out each attempt clearly. DOGE climbed to $0.102 on Sept. 21. Buyers then lifted it to $0.106 on Sept. 22 and to $0.104 on Sept. 23 before the price retreated.
Another push came as the weekend approached. The rally on Friday topped out at $0.10, and Saturday played out the same way. Up to now, Dogecoin has been unable to stay above ten cents.
The real weight of the $0.10 level
This barrier is nothing new. Back on Aug. 22, 2026, Dogecoin’s advance also stalled at $0.10. With so many rejections piling up, the level now looks like an established short-term ceiling, and clearing it decisively has become the trigger for DOGE’s next big move.
Should that breakout happen, the upside targets are $0.11 and $0.14, with $0.18 and $0.2 after that.
A more significant hurdle could be the daily MA 200, the moving average that has kept a lid on Dogecoin’s price since October 2025. The open question is whether DOGE can flip it into support. If that fails, the next support level is the daily MA 50 at $0.083.
On-chain figures remain in the red
For bulls, the on-chain picture is more encouraging than the headlines suggest. Even after the rally, Dogecoin’s 365-day MVRV stands at -19.26%, meaning the typical trader who has been active over the last year is holding at a loss.
A reading this negative suggests there is room for a recovery. It also hints that downside risk is limited and that holders could get back into profit if demand holds up.
Everything hinges on that “if.” Musk’s “lol” and a tag were enough to get the timeline buzzing, yet the chart has already delivered its verdict four times this week. Until Dogecoin closes above $0.10 and stays there, ten cents remains a ceiling, with $0.083 the level to keep an eye on below.