Dogecoin to Lose a Zero? Bollinger Bands Signal Breakout

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In the grand theatre of finance, Dogecoin‘s price could shed a zero like a magician throwing away a rabbit-dramatic, slightly reckless, and somehow charming about it. The cue comes from Bollinger Bands, those two lines that pretend to be grown-ups staring down the market while the market pretends not to notice. Dogecoin, the king of meme coins, has inched up by over 2.10%, and the wider stage is keeping time with a broader market recovery of about 2.98% led by Bitcoin, the loudest town crier in the realm of digital coins.

Dogecoin eyes $0.10 breakout as upside targets expand

CoinMarketCap data shows Dogecoin sitting at $0.09691, a 3.94% glow-up in the last 24 hours. It climbed from an intraday low of $0.09308 to its current perch, while Bitcoin-the paragon of serious face-pulling-also wore a hint of a smile and joined the ascent.

Even with the mood rising, trading volume has decided to take a holiday, down a hefty 51.38% at $1.93 billion. The Relative Strength Index (RSI) sits at 33.14, which is the financial equivalent of: we’re oversold, darling, now please behave. That oversold vibe might just encourage a little volume revival, especially if the Bollinger Bands keep winking at a breakout.

Notably, Dogecoin’s Bollinger Bands suggest the meme coin could break out and erase one zero to reclaim the coveted $0.10 level. The chart shows the oversold gloom easing the bearish mood, and a reversal looks less like a plot twist and more like a predictable punchline.

This development might trigger a bullish reversal, nudging the price back to between $0.11 and $0.15. That’s roughly a 29% upside, which is plenty of swagger for a coin that once traded in the sort of fashion that would make a dragon snort. If the stars align and momentum endures, some optimists even whisper of a long-term sprint toward $0.30.

Yet the asset must wade through the choppiness of the broader crypto market that has kept Bitcoin under the hallowed $70,000 mark for the past 96 hours.

January 2026 saw Dogecoin flirting with an end to a four-month sell-off, only to close the month 6.68% in the red as market gusts shifted around like a Discworld breeze. CryptoRank data also notes a February monthly average of -2.67% for DOGE, which would make any calendar proud to be so curmudgeonly.

Market volatility could shape DOGE’s February outlook

For Dogecoin to soar, the broader market’s mood and the ecosystem’s developments have to cooperate as if rehearsing for the annual fairy-tolk tournament. The meme coin has always thrived on hype and the occasional flourish of support, but it could climb higher if the right plot twists arrive from its world of updates and partnerships.

Case in point: when Tesla CEO Elon Musk confirmed he’s likely to get Dogecoin to the moon, the community responded with celebratory confetti and a brisk 2.39% recovery in DOGE’s price. Such agreeable vibes, bolstered by bullish metrics, might serve as catalysts for an upward lunge in price.

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2026-02-07 17:46