- Dogecoin trades near $0.204, stabilizing above the $0.20 psychological level after last week’s selloff.
- Coinglass data shows $15.1M in outflows, signaling mild accumulation but limited speculative demand.
- House of Doge merger with Brag House (NASDAQ: TBH) brings $50M backing and 837M DOGE reserves.
Dogecoin price today trades near $0.204 after recovering from last week’s sharp selloff that briefly pushed the token below $0.17. The rebound came as buyers defended the $0.20 psychological level, aligning with the lower boundary of the long-term ascending trendline. Focus now turns to whether DOGE can reclaim resistance between $0.228 and $0.234, where all major EMAs have converged.
Dogecoin Price Attempts To Stabilize Near Key Support
The daily chart shows DOGE consolidating between $0.20 and $0.23 after breaking below a symmetrical triangle in early October. The 20-day EMA ($0.228) and 50-day EMA ($0.233) now act as resistance, while the 100-day and 200-day averages hover close to $0.222 and $0.218, forming a tight compression zone that could precede a decisive breakout.
Fibonacci retracement levels highlight $0.214 as the key 0.236 support, followed by $0.176 near the 0.0 zone. On the upside, the $0.266 and $0.308 retracements mark pivotal barriers if momentum returns. The RSI at 47 shows neutral sentiment, with a slight uptick hinting that selling pressure has eased but conviction remains limited.
On-Chain Flows Reflect Mild Accumulation
Exchange data from Coinglass shows a net outflow of $15.1 million on October 15, reflecting mild accumulation as traders reposition near the $0.20 area. The broader trend since August has been dominated by outflows, suggesting long-term holders continue to withdraw DOGE from exchanges despite short-term volatility.
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However, consistent inflows remain absent, underlining cautious sentiment. Analysts note that for a sustained rally, spot inflows would need to expand alongside futures open interest, signaling renewed speculative demand. Until then, Dogecoin’s rebound may face hurdles near the $0.23–$0.25 range where historical supply clusters.
Institutional Tailwind Builds As House Of Doge Goes Public
Fundamentally, Dogecoin’s ecosystem is seeing a major structural shift. The House of Doge, the corporate arm of the Dogecoin Foundation, announced a definitive merger with Brag House Holdings (NASDAQ: TBH) to create a publicly traded platform uniting digital payments, tokenization, gaming, and yield strategies.
The merger, backed by over $50 million in capital and 837 million DOGE in reserves, marks the first institutional framework for Dogecoin’s economy. The entity’s alliances with 21Shares, Robinhood, and CleanCore Solutions (NYSE: ZONE) bring regulated ETPs, a treasury system, and custody partnerships under one umbrella. These moves strengthen DOGE’s institutional appeal at a time when investor appetite for crypto-native yield products is rising.
The newly formed platform aims to position Dogecoin as a mainstream financial asset rather than a purely speculative token. Analysts view this as a pivotal milestone, aligning Dogecoin’s cultural popularity with tangible market infrastructure that could support long-term price stability and adoption.
Technical Outlook For Dogecoin Price
The short-term structure for DOGE remains range-bound. Immediate support lies at $0.20, followed by $0.176 and $0.150 as deeper defensive levels. Resistance sits at $0.228, then $0.234, with stronger barriers at $0.266 and $0.308. A close above the $0.23–$0.24 cluster would confirm a short-term bullish reversal, potentially targeting $0.27.
Failure to hold $0.20 could trigger renewed selling toward the $0.176 zone, where the March ascending trendline aligns with the 0.0 Fibonacci level. RSI movement above 50 would strengthen the bullish case, while a drop below 40 would indicate renewed downside pressure.
| Level | Type | Zone |
| Resistance | EMA Cluster / Fibonacci | $0.228–$0.234 |
| Resistance | Key Zone | $0.266–$0.308 |
| Support | Psychological / Trendline | $0.200 |
| Support | Deeper Fibonacci | $0.176 |
| RSI | Neutral | 47.2 |
Outlook: Will Dogecoin Go Up?
Dogecoin’s outlook for October hinges on whether the $0.20 support can anchor a sustained recovery amid improving institutional sentiment. The House of Doge merger injects fresh optimism into the ecosystem, but technical resistance near $0.23–$0.24 must be cleared for confirmation of momentum.
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If inflows stabilize and RSI crosses above 50, DOGE could retest $0.27 before the end of October. Conversely, losing $0.20 may extend the corrective phase toward $0.176. For now, the setup favors consolidation with a slight bullish bias as traders watch institutional catalysts shape the next move.
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Source: https://coinedition.com/dogecoin-price-prediction-institutional-merger-fuels-bullish-momentum/