Dogecoin Nears a Falling Wedge Formation as Price Consolidates Around a Significant Long-Term Support Level

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 21 2025

DOGE-1.209%

XVG+2.825%

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Dogecoin's Price Action: Dogecoin is currently trading near $0.1571 within a falling wedge pattern that is forming close to a significant long-term support zone, reminiscent of a previous cycle that led to a substantial price increase.
On-Chain Accumulation: On-chain data indicates significant accumulation in the $0.079 to $0.082 range, suggesting strong investor interest as wallets cluster in this price area.
Derivatives Activity: There is an increase in derivatives activity, with trading volume rising by 15.70% and open interest increasing by 2.19%, indicating heightened market engagement and positioning among traders.
Market Sentiment: The long-short ratios show a preference for long positions on major exchanges, with recent liquidation data reflecting active trading, particularly from long positions, as Dogecoin approaches the wedge's support zone.

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Technical Analysis for DOGE

Technical Sentiment Analysis for Dogecoin (DOGE) As of , Dogecoin (DOGE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 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	0.0457	0.0629	0.0817	0.0988	0.118	0.135	0.153
Fibonacci	0.0629	0.0766	0.0851	0.0988	0.113	0.121	0.135

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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