Dogecoin Gears Up for Breakout: $0.20 Resistance Faces Next Big Test

• Dogecoin is trading at $0.1710, with a market volume of 66.31 billion, maintaining a strong position above the support level of
• The market capitalization is at $26.07 billion, indicating strength as investors target the resistance level at $0.20.
• A drop below $0.16 could result in a fall, but a strong upside may bring a breakout point.

Dogecoin (DOGE) is showing renewed strength after bouncing from a key support level, sparking optimism among investors. Dogecoin has been trading near $0.18 as of November 12, 2025, after dropping to a low of $0.161 on November 7, 2025.

Currently, Dogecoin is trading at $0.1710 with a trading volume of $66.31 billion within a 24-hour period. The market capitalization of DOGE is $26.07 billion, representing a market dominance of 0.75%. However, the coin is weak by 6.04% relative to yesterday, given its recent resurgence.

Source: TradingView

Dogecoin Holds Key Support as Traders Eye $0.20 Retest

A recent posting by Crypto TXG highlighted DOGE’s latest market move, noting that $DOGE briefly dipped to the $0.169 support level before rebounding. LINK successfully maintained this critical zone, suggesting that potential strength could attempt to move upwards once again towards the resistance level at $0.20.

Source: X

However, a caution was issued by Crypto TXG, saying that if DOGE failed to maintain this rebound, a loss could spark a fall. Analysts are watching this closely as market sentiment is mixed at this point in the crypto market.

Also Read | Dogecoin (DOGE) Surge Alert: 0.74% Price Rally Forecast

DOGE Price Faces Potential Breakout or Breakdown

While the pattern points toward possible growth, caution remains necessary. DOGE price can break in either direction, and if it drops under $0.16, it could be a sign of the price going down further. Some analysts also point out that volume confirmation is significant because low volume during a consolidation phase can be deceptive as to the coin’s next ​‍​‌‍​‍‌move.

Source: TradingView

Other than the technical indicators, Dogecoin price is commonly affected by social sentiment, activities among whale investors, as well as the general condition of the cryptocurrency market. Broader economic changes or the investors’ interest may influence Dogecoin price trends as well.

Also Read | Dogecoin (DOGE) May Be Setting Up for Its Third Major Bull Run