Dogecoin rebounds from $0.17 support, holds above $0.185; breakout above $0.190 may target $0.196–$0.200 short term.
Dogecoin (DOGE) is showing early signs of a potential trend reversal after rebounding from a key support zone.
The price has bounced from the lower boundary of a long-term ascending channel, a level that has previously triggered upward moves. As buyers return following the recent pullback, analysts are watching for confirmation of a possible rally.
Dogecoin Rebounds from Key Channel Support
The DOGE/USDT chart displays a clear ascending parallel channel that has guided price movements over several weeks. DOGE recently touched the lower boundary of this channel near the $0.17 mark and has since bounced higher. This area has previously acted as a support level, with similar reactions in April and June.
$0.18 is crucial support for Dogecoin $DOGE. Hold it, and a move to $0.26 or $0.33 is possible. pic.twitter.com/IDTlZhDRPL
— Ali (@ali_charts) November 1, 2025
As of October 31, DOGE was trading near $0.185, showing short-term strength. The consistent reaction from the channel bottom suggests that this level may continue to attract buying activity. Market participants are closely watching to see if the price can maintain its hold above this range.
The channel includes a midline around $0.26, which has functioned as a resistance zone in past moves. A future breakout through this level could pave the way toward the upper channel resistance near $0.34.
Technical Indicators Signal Possible Bullish Reversal
A descending trendline from the October 27 peak was broken after a series of higher lows, which can be seen on the 4-hour chart. Following this breakout, DOGE formed a consolidation pattern just above the trendline, which often occurs before another upward move.
$Doge/4-hour#Dogecoin RSI is preparing for a surge with an inverse head and shoulders pattern.
Meanwhile, $Doge has broken through a recent resistance trendline. pic.twitter.com/FoC8L2STm7— Trader Tardigrade (@TATrader_Alan) November 1, 2025
Momentum indicators are also providing positive signals. The Relative Strength Index (RSI) formed a triple bottom while the price made lower lows. This divergence can indicate that bearish pressure is decreasing, even though price action was still weak during that time.
Traders also noted a resistance line on the RSI. If DOGE can break above this RSI line, it may confirm a shift toward more bullish conditions. The current consolidation zone between $0.182 and $0.190 is a key range to monitor in the coming days.
Breakout Levels and Price Targets in Focus
If DOGE clears the short-term resistance between $0.188 and $0.190, the next upside target lies near $0.196 to $0.200. This price area aligns with previous swing highs and could act as a temporary barrier.
The broader trend still appears to favor higher prices if DOGE continues respecting the structure of the ascending channel. Any strong move above the $0.22–$0.24 midline could lead to a rally toward $0.30 and beyond.
However, if the price falls below $0.17, the trend channel would break, and the bullish setup may lose strength. Traders may look for increased volume and market confirmation before entering new positions.
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