Dogecoin price is standing at a key turning point. After weeks of sideways movement between $0.21 and $0.17, the meme coin is now testing a very crucial support level near $0.18.
This zone could determine whether DOGE begins another bullish climb or faces another drop in the short term.
Why $0.18 Matters for Dogecoin
Crypto analyst Ali on X pointed out that $0.18 serves as a major support area for Dogecoin. The price has touched this level many times since early October and has held firm each time. A support level grows stronger the more it holds. That makes $0.18 a key line between confidence and caution.
The chart shared by Ali shows DOGE trading inside a rising channel that has guided its movements for months. Each time the token has touched the lower band of this channel, buyers have stepped in, pushing the price higher. The latest retest near $0.18 seems to be another one of those moments.
The chart shows Dogecoin forming a possible bounce. The dotted lines point to a rebound toward $0.21 to $0.22. If DOGE moves above that area, the next targets could be $0.26 and $0.33.
If Dogecoin price fails to stay above $0.18, the price could drop toward $0.17 or $0.15. The $0.18 level has held strong before, but if selling pressure grows, DOGE may fall lower before trying to rise again.
Market Sentiment Around the DOGE Token
Dogecoin has been moving sideways. This is just like many other altcoins. Traders remain careful after the October 10 crash and are waiting for a clear breakout.
DOGE is known for its sudden swings and unexpected rallies. That makes the current level important since similar periods often come before big moves.
Read Also: Can Bittensor (TAO) Hit $1,000? Here Are the Key Levels Analysts Are Watching
If DOGE keeps trading above $0.18 and starts forming higher lows, this could indicate growing momentum. The price structure suggests that the next wave could carry it toward $0.26 or beyond, especially if trading volumes start to increase. A drop below $0.18, on the other hand, could signal that buyers are losing grip, and the channel’s lower band may get tested once again.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
