Short-Term Price Action and Trading Strategies
Dogecoin (DOGE) has been trading within a range of $0.21 and $0.17 since October 11th, 2025. This sideways movement has led to generally positive expectations for DOGE. The short-term chart indicates potential for range-bound trading around these prices, while long-term charts suggest a steady upward trend, according to traders.
One trader, known as "Sjuul," has outlined a plan to capitalize on the current volatility within this range. Sjuul described Dogecoin's price action between October 11th and November 1st as "clean range-bound price action." The key resistance level identified is $0.21, with a crucial support level at $0.18. Sjuul noted that the strategy for this chart pattern was straightforward. At the time of reporting, the memecoin was trading at $0.1827, a slight increase from its opening price for the day, according to TradingView.
This current range began after a significant deleveraging event on Friday, October 10th, 2025, which resulted in over $19 billion in liquidations. Prior to this, DOGE traded between $0.23 and $0.27 over a nine-day period leading up to October 10th. Since February 3rd, 2025, DOGE has largely traded between $0.12986 and $0.3684.
Potential for Price Increase to $0.3
Crypto trader Ali_Charts, in a widely followed X post, suggested that $0.18 appears to be a strong buy-the-dip zone before a potential surge to $0.26 or $0.33. "Buy-the-dip" is a common trading term referring to purchasing an asset when its price is low. In a previous analysis, Ali had indicated that DOGE could reach $0.25 and $0.33 if the memecoin maintained its current trading range. Ali shared the same chart in that analysis, indicating confidence in the range and the projected price trajectory.
Ali utilized a 1-day chart for his Dogecoin analysis, while Sjuul employed a 12-hour time frame. Both of these time frames are commonly used for short-term trading analysis. The trade suggestion from Sjuul and the analysis by Ali both reflect a significant level of confidence in DOGE's short-term price trajectory.
On the daily time frame, the relative strength index (RSI) was recorded at 38.9, closely approaching its moving average line, which stood at 41.6. At the time of reporting, the day's candle was red, indicating a loss of $1.51 over the preceding 24 hours. An RSI reading of 38.9 typically suggests that the cryptocurrency is slightly oversold at its current price level.
Long-Term Price Action and Trend Analysis
Another significant observation regarding DOGE's long-term price action was shared by STEPH IS CRYPTO on X. In a 3-day time frame chart, Steph highlighted five instances where DOGE tested a multi-month trend line.
According to Steph, the memecoin has been following this trend line since July 2023. The chart further indicates that DOGE has experienced sharp bounces, almost consistently, each time it has tested this trend line. This pattern suggests that DOGE is respecting a significant long-term trend line. If DOGE continues to adhere to this trend line, it could potentially reach the price targets previously identified by Ali.
It is important to note that trend lines and moving averages are considered lagging indicators. DOGE's 200-day simple moving average (SMA) has been moving sideways with a slight upward inclination since early September. At the time of reporting, the 200-day SMA was at $0.20939. DOGE price has been trading below the 200-day SMA since October 10th, having tested it twice since that date.
Dogecoin's trading volume saw a decrease of nearly 21% intraday, totaling $873.1 million. The volume oscillator reading on TradingView for the memecoin was -24.1%. These lower volume figures are largely attributed to the weekend. Altcoins are generally expected to exhibit bullish patterns once the government shutdown is resolved. Several altcoin ETFs are awaiting approval, a process that has been delayed by the ongoing shutdown, which has now surpassed 30 days.
A price cross above the 200-day SMA could serve as a confirmation signal for an uptrend in DOGE. However, the confidence level associated with this confirmation cannot be described as high at this juncture.