Dogecoin is showing strength again. After rising 7.5% from local lows below $0.18, the price of DOGE stabilized around $0.19. Traders believe the asset is ready to continue its upward trend, but it needs to overcome one critical obstacle — the $0.20 level.
DOGE must break through the $0.20 resistance
Daily DOGE/USD chart
According to analysts, the fate of Dogecoin’s short-term trend depends on the resistance zone at $0.20–$0.22. This is where the 200-day simple moving average (SMA) is located, which is currently limiting upward movement.
Crypto analyst HODL Gentleman noted:
‘Dogecoin is consolidating at $0.19 after a pullback. To confirm a trend reversal, it is necessary to clearly break through the $0.20 level. Watch this mark.’
Dogecoin cost basis heatmap
Glassnode data confirms his words. Around $0.20–$0.21, about 24.9 billion DOGE were bought in this range. Such a concentration makes the resistance especially strong — this is a significant supply zone.
The next resistance zone is $0.23–$0.24, where the 100-day and 50-day SMAs are located. If Dogecoin can overcome the 20-day EMA at $0.22, it will indicate a weakening of selling pressure and open the way to the $0.23 and $0.25 levels.
Symmetrical triangle indicates a possible breakout
4-hour DOGE/USD chart
On the 4-hour chart, Dogecoin is forming a symmetrical triangle, according to Cointelegraph Markets Pro and TradingView data. To confirm the bullish scenario, the price needs to consolidate above the upper boundary of the pattern — around $0.20. Breaking through this line will open the way for growth to $0.246, which corresponds to a potential increase of about 25% from current levels.
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-147175" title="photo_4_2025-10-24_20-56-31" src="https://coinspot.io/wp-content/uploads/2025/10/photo_4_2025-10-24_20-56-31.jpg" alt="Analyst Trader Tardigrade stated that Dogecoin 'maintains an uptrend after breaking out of a falling wedge.' Its nearest target is $0.216, which implies a 6.5% increase in the short term." width="1200" height="813" srcset="https://coinspot.io/wp-content/uploads/2025/10/photo_4_2025-10-24_20-56-31.jpg 1200w, https://coinspot.io/wp-content/uploads/2025/10/photo_4_2025-10-24_20-56-31-266×180.jpg 266w, https://coinspot.io/wp-content/uploads/2025/10/photo_4_2025-10-24_20-56-31-400×271.jpg 400w, https://coinspot.io/wp-content/uploads/2025/10/photo_4_2025-10-24_20-56-31-768×520.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" / alt="Analyst Trader Tardigrade stated that Dogecoin 'maintains an uptrend after breaking out of a falling wedge.' Its nearest target is 
.216, which implies a 6.5% increase in the short term.” title=”photo_4_2025-10-24_20-56-31″>
Analyst Trader Tardigrade stated that Dogecoin ‘maintains an uptrend after breaking out of a falling wedge.’ Its nearest target is $0.216, which implies a 6.5% increase in the short term.
A bolder forecast was voiced by analyst Bitcoinsensus. In his opinion, if DOGE repeats the structure of previous market cycles, the token price could reach $5–$7 in the long term.
What’s next?
While Dogecoin is consolidating at $0.19, traders are closely watching the $0.20 mark. Breaking through this zone will confirm a trend change and may attract a new wave of buyers.
If buyers keep the price above the 200-day SMA, DOGE will be able to move towards $0.25 and even test resistance at $0.29. However, without confirmation of a breakout, the market will remain in a phase of uncertainty, where any weakening of demand could return the price to $0.18.
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