Dogecoin Targets $0.20 Breakout Amid Bull Flag Formation and Increased Whale Accumulation

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 08 2025

Should l Buy DOGE?

Bullish Indicators for Dogecoin: Dogecoin (DOGE) is experiencing renewed bullish momentum, with a breakout against Bitcoin and a bull flag pattern suggesting potential upward movement above $0.20.
Whale Accumulation: Significant whale activity has been noted, with 11.12 billion DOGE accumulated around the $0.20 mark, indicating a key resistance zone that could trigger further price increases if surpassed.
Technical Analysis: The DOGE/BTC pair has broken out of a consolidation range, while the DOGE/USD chart shows a bull flag formation, indicating a possible continuation rally towards $0.25–$0.27.
Market Sentiment: Analysts suggest that if Dogecoin maintains its position above $0.17, it could validate the bullish structure and attract more speculative inflows, while a drop below this level may lead to a retest of lower support.

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Technical Analysis for DOGE

Technical Sentiment Analysis for Dogecoin (DOGE) As of , Dogecoin (DOGE) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Dogecoin (DOGE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0523	0.0662	0.0829	0.0967	0.113	0.127	0.144
Fibonacci	0.0662	0.0778	0.0851	0.0967	0.108	0.116	0.127

About DOGE

Dogecoin (DOGE) is based on the popular 'doge' Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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