Dogecoin is finally waking up again. After spending weeks stuck in a slow grind, the meme king is flashing some bullish signals on both the charts and on-chain data. 

Dogecoin is finally waking up again. After spending weeks stuck in a slow grind, the meme king is flashing some bullish signals on both the charts and on-chain data. 

The setup looks interesting, but everything now depends on how the DOGE price reacts around one crucial level.

The setup looks interesting, but everything now depends on how the DOGE price reacts around one crucial level.

Dogecoin at $0.20 – The Big Barrier Everyone’s Watching

Dogecoin at $0.20 – The Big Barrier Everyone’s Watching

Prominent analyst Ali Martinez pointed out something important this week: around 11.12 billion DOGE were bought near the $0.20 zone. That’s a massive cluster of holders sitting at breakeven, and it’s showing up clearly on the Glassnode cost basis heatmap.

Prominent analyst Ali Martinez pointed out something important this week: around 11.12 billion DOGE were bought near the $0.20 zone. That’s a massive cluster of holders sitting at breakeven, and it’s showing up clearly on the Glassnode cost basis heatmap.

Think of it as a wall of resistance. Every time the DOGE price climbs near $0.20, a lot of traders who bought higher might take profits or sell just to exit even. That’s why this zone matters so much.

Think of it as a wall of resistance. Every time the DOGE price climbs near $0.20, a lot of traders who bought higher might take profits or sell just to exit even. That’s why this zone matters so much.

If the DOGE price can finally break and close above that $0.20 mark, it could flip sentiment fast. Once that wall goes, there’s not much standing in the way of a run toward the $0.23-$0.25 range.

If the DOGE price can finally break and close above that $0.20 mark, it could flip sentiment fast. Once that wall goes, there’s not much standing in the way of a run toward the $0.23-$0.25 range.

DOGE Structure Is Turning Bullish Again

DOGE Structure Is Turning Bullish Again

Trader BitGuru summed it up nicely: DOGE has snapped out of its downtrend after a long period of consolidation. 

Trader BitGuru summed it up nicely: DOGE has snapped out of its downtrend after a long period of consolidation. 

On the 1-hour chart, you can see how the market drifted lower into early November. But then bulls stepped in hard, pushing the DOGE price back toward $0.18–$0.185.

On the 1-hour chart, you can see how the market drifted lower into early November. But then bulls stepped in hard, pushing the DOGE price back toward $0.18–$0.185.

That $0.186 area is now the short-term battleground. Flip it into support, and the structure officially turns bullish again. 

That $0.186 area is now the short-term battleground. Flip it into support, and the structure officially turns bullish again. 

Momentum is already improving, RSI bounced from oversold levels, and trading volume is ticking up, showing traders are paying attention again.

Momentum is already improving, RSI bounced from oversold levels, and trading volume is ticking up, showing traders are paying attention again.

Read Also: Here’s How Solana ETFs Did in the First Week of Trading

Read Also: Here’s How Solana ETFs Did in the First Week of Trading

What Comes Next for DOGE

What Comes Next for DOGE

For now, the key is simple: stay above $0.175. If bulls can hold that line, it keeps the rebound alive. Slip below it, and we’re probably looking at another retest of $0.165 before buyers try again.

For now, the key is simple: stay above $0.175. If bulls can hold that line, it keeps the rebound alive. Slip below it, and we’re probably looking at another retest of $0.165 before buyers try again.

But if the DOGE price manages to break through $0.186 and build momentum toward $0.20, that’s where things get exciting. 

But if the DOGE price manages to break through $0.186 and build momentum toward $0.20, that’s where things get exciting. 

Not only would it confirm a full trend reversal, but it could also bring some serious energy back into the meme coin space.

Not only would it confirm a full trend reversal, but it could also bring some serious energy back into the meme coin space.

The setup looks promising, accumulation data supports it, the DOGE chart structure is shifting, and traders are starting to lean bullish again. 

The setup looks promising, accumulation data supports it, the DOGE chart structure is shifting, and traders are starting to lean bullish again. 

The next few days around $0.186–$0.20 could decide whether Dogecoin’s rebound turns into the next big rally.

The next few days around $0.186–$0.20 could decide whether Dogecoin’s rebound turns into the next big rally.

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The post Why Is Dogecoin Price Up Today? DOGE Chart Flips Bullish! appeared first on CaptainAltcoin.

The post Why Is Dogecoin Price Up Today? DOGE Chart Flips Bullish! appeared first on CaptainAltcoin.