Dogecoin Holds Crucial $0.18 Support as Analysts Eye Channel Targets at $0.26 and $0.33

• Dogecoin maintains key $0.18 support, preserving its long-term ascending channel structure since 2023.
• RSI stability and repeated higher lows confirm sustained momentum toward potential targets at $0.26 and $0.33.
• Despite lower derivatives volume, institutional demand and steady accumulation reinforce Dogecoin’s bullish setup.

Dogecoin continues to trade within an ascending parallel channel, maintaining higher lows and steady structural support near $0.18. At the time of writing, Dogecoin was priced at $0.1871, showing stable accumulation after recent declines. Analysts indicate that holding this key level could sustain the ongoing uptrend and open the path toward higher targets at $0.26 and $0.33.

Technical Overview and Market Structure

Dogecoin has remained inside a long-term ascending channel since early 2023, consistently forming higher lows, according to analysis prepared by Ali Charts. The lower boundary near $0.18 continues to attract buying interest, while the mid-range resistance is positioned around $0.26. The upper boundary of the channel is located near $0.33 and that is the next technical target if bullish momentum strengthens.

Recent price action shows Dogecoin bouncing off the lower boundary around $0.17, and keeping the lower overall structure up. The dotted projection on the chart outlines a potential move toward the mid-channel region near $0.24. 

Historical trading behavior indicates that every test of the lower trendline has been followed by upward movement toward the middle of the channel. Volume observation reveals accumulation on the lower band which reflects the ongoing participation of the traders during pullbacks. Dogecoin’s market activity is stable, with relatively moderate daily trading volume even amid market volatility.

RSI, Volume Trends, and Broader Market Context

According to an observation by Trader Tardigrade, Dogecoin’s Relative Strength Index (RSI) remains steady near pre-launch levels, signaling consistent market momentum. The two-week chart shows three distinct higher lows connected by a rising trendline, each corresponding with renewed accumulation during retracement periods.

Derivatives data from CoinGlass shows open interest declining from October’s highs, indicating reduced leveraged activity. Total trading volume fell from $20.45 billion on October 11 to $1.34 billion on November 1. 

Despite lower derivatives activity, analysts report institutional interest remains present, supported by increasing demand for cryptocurrency exchange-traded funds. If the $0.18 support continues to hold, technical projections maintain the potential for price movement toward $0.26 and $0.33, reinforcing Dogecoin’s stable channel formation and controlled market behavior.