Key Takeaways
Why does the $0.20 level matter for Dogecoin’s next move?
It marks a major whale accumulation zone where 11.12 billion Dogecoins were purchased, forming key resistance.
What signals point to sustained bullish momentum for Dogecoin?
Rising Open Interest, positive Funding Rates, and steady demand confirm a strong path toward $0.27.
Dogecoin [DOGE] whales have accumulated roughly 11.12 billion tokens between $0.20 and $0.203, forming a dense resistance cluster that now stands as a major price barrier.
This level represents where large investors hold breakeven positions, meaning many may look to sell once price retests it.
Despite this supply wall, Dogecoin’s sharp rebound and consistent buying pressure indicate that bulls are regaining control.
The price has already climbed to $0.1815, and with momentum building across derivatives and spot markets, a clean break above $0.20 appears imminent.
Once breached, this resistance could flip into strong support, clearing the path for a rally toward $0.27 in the near term.
Dogecoin rebounds from strong demand zone as momentum strengthens
Dogecoin recently rebounded sharply from its critical $0.16–$0.17 demand zone, an area that previously acted as a strong accumulation base.
The chart shows a clear recovery after a retest of this region, indicating that buyers stepped in aggressively to defend this range.
This zone aligns with earlier consolidation phases and the lower boundary of the ascending support trendline, further reinforcing its importance.
The subsequent move above $0.176 signals growing short-term momentum and renewed trader confidence. If this momentum continues, bulls may aim for $0.1935 before confronting the major barrier at $0.20.
However, any rejection near that level could invite another pullback toward the demand area, keeping the market’s direction uncertain in the short term.
Source: TradingView
Rising Open Interest reflects…
At press time, data from CoinGlass showed that Open Interest (OI) rose 9.9% to $1.53 billion, revealing a surge in leveraged long positions as traders bet on further gains.
This increase indicates growing confidence among participants anticipating a breakout above nearby resistance levels.
However, it also suggests heightened speculative activity, which often precedes short-term volatility when large liquidations occur.
As Dogecoin approaches the critical $0.20 threshold, traders are actively positioning for potential upside expansion.
Sustaining this OI without a significant funding imbalance could strengthen the bullish narrative.
However, any abrupt reversal could trigger cascading liquidations, forcing short-term corrections before the market stabilizes.
Source: CoinGlass
Dogecoin’s positive Funding Rates reveal…
The OI-Weighted Funding Rate has turned positive at 0.0093%, at the time of writing, highlighting an increase in long positions dominating futures markets.
This metric reflects bullish sentiment as traders pay premiums to hold their positions, expecting higher prices ahead.
A moderate positive rate often signals sustainable optimism, but an excessively high value may foreshadow overleveraging risks.
In Dogecoin’s case, the steady positive shift suggests controlled confidence rather than euphoria. This balance could provide stability for further upward movement if supported by spot demand.
Still, traders must remain alert to potential funding spikes that could trigger quick corrections as market sentiment evolves around the $0.20 resistance zone.
Source: CoinGlass
Can Dogecoin clear $0.20 and extend its rally toward $0.27?
Dogecoin’s momentum remains clearly bullish, supported by rising Open Interest, positive Funding Rates, and strong spot demand recovery.
The consistent rebound from the $0.16–$0.17 support zone and growing trader confidence confirm that buyers are in control.
With whales holding firm and leverage favoring longs, DOGE is poised to break above the $0.20 resistance in the short term.
Once this barrier is cleared, the next upside target lies near $0.27, marking a continuation of its upward structure and signaling that the rally has regained strength heading into mid-November.