DOGE Attempts a Steady Recovery After Sharp October Decline

• DOGE shows early recovery but remains capped by key resistance near $0.1850.
• Derivatives data reveal cooling speculation as open interest trends lower.
• Persistent spot outflows signal weak accumulation despite short-term rebounds.

Dogecoin is working to regain stability after a steep October decline that pushed the market into a defensive posture. The asset’s latest 4-hour structure shows an early recovery attempt, supported by improving momentum signals and a firmer base near key Fib levels. Traders continue watching whether the current consolidation can evolve into a sustained bullish phase. 

However, DOGE still trades below several important resistance zones that must clear before any strong upside continuation develops. The broader derivatives and spot flow data also provide insight into shifting market behavior as speculative activity cools from earlier peaks.

Short-Term Structure Shows Gradual Improvement

DOGE rebounded from the $0.13 to $0.14 zone, which aligns with the 23.6% Fibonacci retracement of the October move. The price then settled into the Bollinger Bands, with the 9-EMA guiding short-term support. Sellers continue defending the mid-band, keeping momentum neutral and limiting breakouts. 

Besides this structure, the market faces three notable resistance areas. The $0.1840 to $0.1850 band caps intraday upside. The next barrier sits at $0.2010, which aligns with the 61.8% Fib level. A close above this area would signal stronger trend strength. The higher-timeframe pivot at $0.2318 remains a key hurdle for any attempt to target $0.27.

DOGE holds initial support at $0.1750, with secondary support forming at $0.1675. A deeper floor sits at $0.1596, which aligns with the 38.2% Fib level. A breakdown there increases the probability of a return toward the $0.1335 zone.

Derivatives Activity Points to Cooling Speculation

Open interest surged through early and mid-2025 as traders increased leveraged exposure. The metric rose sharply between March and May, reaching highs above $4 billion during volatility spikes. 

Activity picked up again in July and September before trending lower into the final quarter. By 13 November, open interest stood at $1.38 billion with price near $0.17. This indicates reduced but steady participation in DOGE derivatives. Moreover, the broader trend shows continued interest from speculative traders despite softer momentum.

Spot Flows Reflect Persistent Outflows

DOGE’s spot flows show consistent outflows throughout the year. Large red prints frequently overshadow short-lived inflows. The latest reading on 13 November posted a modest $1.15 million inflow as price traded near $0.175. 

However, the broader pattern reflects continued distribution. Consequently, liquidity continues shifting away from DOGE during most sessions. This trend adds pressure on the price structure as the market balances weak inflows with ongoing resistance tests.

Related: Dogecoin Price Prediction. Sellers Flip EMAs Into Resistance As Breakdown Targets $0.13

Technical Outlook for Dogecoin Price

Dogecoin’s levels remain clearly defined as the market attempts to recover from recent volatility. Upside areas to watch include $0.1840 and $0.1850 as the first major barriers. A stronger continuation pattern opens above $0.2010, with the next key hurdle at $0.2318. A clean breakout above these zones could shift the medium-term trend toward the $0.27 region.

Downside supports sit at $0.1750 on the intraday structure, followed by $0.1675 along the lower Bollinger Band. A deeper drop toward $0.1596 places the 38.2% Fibonacci retracement at risk, and losing that level exposes DOGE to the broader $0.14–$0.13 demand area.

The chart shows DOGE compressing inside a tightening range, where buyers and sellers continue to battle for control. A decisive move above $0.1850 could unlock a broader expansion phase and draw stronger inflows. However, failure to defend $0.1750 increases the probability of a move back into the mid-$0.16 zone.

Will Dogecoin Rise From Here?

Dogecoin’s near-term bias depends on whether bulls can keep price above $0.1750 long enough to challenge the $0.1840–$0.2010 resistance cluster. Seasonal volatility and narrowing momentum bands indicate that a breakout could arrive soon. If buyers gain traction, DOGE may retest $0.2318 and attempt to re-establish a broader uptrend.

If support fails, the structure weakens quickly, and DOGE risks revisiting $0.1596 and possibly $0.14. For now, DOGE remains positioned at a key inflection point, with confirmation from price, volume, and inflows set to guide its next major move.

Related: Dogecoin Price Prediction: DOGE Consolidates as Open Interest Climbs