Dogecoin (CRYPTO: DOGE) is consolidating near $0.195 after failing to hold gains above $0.30 earlier in October, with technical charts signaling a breakout may be imminent.
Dogecoin Holds Within Ascending Channel
DOGE Daily Price Action (Source: TradingView)
The daily chart shows DOGE trading inside a broad ascending channel while staying capped under a descending trendline from late 2024.
Key exponential moving averages (20, 50, 100, 200) between $0.207 and $0.222 are acting as near-term resistance.
The Supertrend indicator near $0.242 also caps upward momentum, reinforcing the need for a clean breakout.
Dogecoin must close above $0.22 to shift market sentiment decisively back in favor of buyers.
Short-Term Structure Points To Compression
DOGE 4-Hour Chart Analysis (Source: TradingView)
On the 4-hour chart, DOGE price is forming a symmetrical triangle pattern.
The token trades near $0.195, just above critical support at $0.18–$0.187.
Bollinger Bands have tightened significantly, signaling volatility compression that often precedes a major move.
Parabolic SAR dots have flipped closer to price, showing early signs of bullish pressure.
A confirmed breakout above $0.202–$0.205 would validate the setup. Failure to clear this level could trigger another retest of $0.18 support.
Flows And Sentiment Reflect Quiet Accumulation
DOGE Netflows (Source: Coinglass)
According to Coinglass data, Dogecoin saw $1.13 million in net outflows on Oct. 24.
Tokens moving off exchanges often indicate accumulation by long-term holders.
Still, overall inflows since mid-October remain modest.
Without renewed demand or external catalysts, DOGE risks staying range-bound between $0.18 and $0.22.
Key Levels Define The Next Move
A clean move above $0.205 could set DOGE on course to test resistance at $0.22.
A daily close beyond that level may extend the rally toward $0.27–$0.30.
If price loses $0.18, the next major support sits near $0.16 — a zone that has historically attracted strong buying interest.
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