Will Dogecoin Finally Break Above $0.10 on Qubic Mining Boost?

▲ Dogecoin (DOGE) ©

Dogecoin (DOGE), once driven purely by jokes and internet memes, is now charging toward a breakout above $0.10 on the back of new utility from the upcoming integration of the Qubic Network’s mining project in April.

According to investment media outlet FXLeaders on March 24, Dogecoin has risen 3.2% over the past 24 hours to trade around $0.0936, supported by a broader recovery in the crypto market and strong token-specific catalysts. Notably, trading volume has surged 123.51%, suggesting that the rally is backed by genuine buying pressure rather than short-term speculation.

The primary driver behind this surge is the Qubic Network’s Dogecoin mining project scheduled for April 1, 2026. Through this initiative, Dogecoin mined on the network will be used to purchase and burn Qubic tokens, creating a new ecosystem. This development introduces tangible demand and real utility for Dogecoin, which had previously relied almost entirely on speculation and community-driven fandom.

From a technical perspective, Dogecoin is exhibiting a highly bullish short-term trend. On the hourly chart, the price broke above a descending trendline near $0.0935 and surged to $0.0957. It is currently consolidating above the 100-hour simple moving average and the $0.0925 support level. The Relative Strength Index remains above 50, supporting bullish momentum, while a slight slowdown in the MACD’s upward trajectory suggests the possibility of another upward move following a healthy correction.

If Dogecoin decisively breaks above $0.0980, it could pave the way toward the psychological resistance at $0.10 and potentially extend gains to $0.1050. From a broader perspective, Dogecoin recently broke out of a massive multi-year descending triangle pattern that had persisted since its 2021 peak. After nearly two months of consolidating around the $0.09 level and building strong energy, analysts suggest that a breakout from this compression zone could open the door to a powerful long-term rally, with upside potential reaching as high as $2.00.

However, caution remains in the market. The Fear & Greed Index stands at 32, still within the fear zone, and substantial short positions have been accumulated in the Binance futures market. Ultimately, Dogecoin’s short-term trajectory will hinge on whether it can defend the key support zone between $0.088 and $0.090, as well as the success of the upcoming April 1 Qubic mining project, determining whether it secures a foothold above $0.10 or retreats toward $0.085.

Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses arising from its use. The content should be interpreted solely for informational purposes.