Dogecoin Holds Above $0.13: Technical Analysts Eye $1 Target if Key Support Levels Hold
Dogecoin (DOGE) is currently trading for more than $0.13, which is over 8% less than it was 24 hours ago. The whole cryptocurrency market
Quick overview
- Dogecoin is currently trading at over $0.13, reflecting an 8% decline in the last 24 hours amid bearish market conditions.
- Despite the recent launch of Dogecoin ETFs, institutional interest appears to be low, with only $2.16 million raised in the first week.
- Technical analysts suggest that strong support levels could lead to a potential rally towards $1 by 2026, with key resistance at $0.20.
- Long-term forecasts for Dogecoin vary, with conservative estimates predicting values between $0.168 and $0.20 by the end of 2025.
Dogecoin DOGE/USD is currently trading for more than $0.13, which is over 8% less than it was 24 hours ago. The whole cryptocurrency market is under bearish pressure right now. Even though the meme cryptocurrency is weak right now, technical analysts say that there are strong support levels that could help it reach the long-awaited $1 mark by 2026.
Many people thought that the recent launch of spot Dogecoin exchange-traded funds in the US would get institutions excited, but that didn’t happen. On November 24, Grayscale’s GDOG fund only brought in $1.8 million on its debut day, which was a huge drop from Bloomberg analyst Eric Balchunas’s projection of $12 million. According to SoSoValue data, Grayscale and Bitwise’s DOGE ETFs only brought in $2.16 million in the first week. This shows that investors are being careful with the meme-based digital currency.
This lukewarm response is very different from the successful debut of the newly announced Solana and XRP ETFs. This makes some wonder if institutional interest in Dogecoin has waned. Even though DOGE has a strong market presence and is well-known, the lack of interest shows that people are still unsure about how meme cryptocurrencies fit into typical financial portfolios.
Critical Support Zone Could Trigger Multi-Month Rally to $1
But technical analysis could show a different picture for Dogecoin’s medium-term path. Ali Martinez, a crypto expert, says that important support is near $0.08 and resistance is near $0.20. This support level used to be a launching pad for DOGE when it went from below $0.10 to $0.50 after the U.S. elections. This shows how important the level has been in the past.
More positively, expert XForceGlobal’s multi-week Elliott Wave research reveals that Dogecoin may be coming to the end of a long-term corrective phase and getting ready for a fifth wave impulse pattern. This technical structure could push prices to short-term goals between $0.33 and $0.50, and if it keeps going, it could even hit $1.
Trader Tardigrade has pointed out that Dogecoin is back above a long-term trendline that has usually come before big price increases. His weekly chart analysis shows that this support zone has made gains of more than 80%, 210%, and 440% since October 2023. The expert says that if the current support at $0.15 holds, the price will slowly rise to $1 by 2026, following the same structural pattern that led to past expansions.
Triple Accumulation Pattern Suggests Potential Move Toward $0.80
More research on Dogecoin’s weekly structure has shown a triple accumulation pattern that technical analysts think could mean that the price is about to go up again. Chart analysts say that, in a best-case scenario, DOGE might go back to the $0.80 range based on past cycles of consolidation and expansion. But market specialists say that cryptocurrency assets, especially meme coins, typically react more strongly to changes in liquidity and social mood than to technical patterns alone.
Recent short-term price changes send mixed indications. A three-day chart showed that Dogecoin broke below a falling trendline from late October, but it quickly bounced back to the $0.15 support level. Some traders think this comeback means the momentum is getting stronger, while others think it could just be a sign of short-covering activity that happens a lot in DOGE’s erratic trading history.
Dogecoin Price Outlook: $0.16 or $0.85?
As at the end of November 2025, broader performance metrics show that things are tough: Over the past month, Dogecoin has dropped about 22%, and it has down almost 60% since the beginning of the year. However, it has gained a small amount each week, between 6% and 9%. The cryptocurrency is trading below its 50-day, 100-day, and 200-day simple moving averages, which is usually seen as a negative technical pattern.
The Fear & Greed Index, which measures how people feel about the market, shows this caution with a score of 28 (“Fear”). Also, blockchain analytics platforms have said that whale distribution has gone higher in late November, which put more pressure on the market to sell, even though ETF inflows helped some institutions.
Even while there are problems in the short term, long-term forecasts are still split. Under normal adoption scenarios, conservative analysts think that by the end of 2025, Dogecoin would be worth between $0.168 and $0.20. By 2030, it might be worth between $0.75 and $0.85. It is hard to say whether Dogecoin will reach $1 because there are many aspects that are not technological patterns, such as the growth of its use, the integration of merchants, the continued activity on the blockchain, and changes in regulations.
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