- Dogecoin sustains strong accumulation near $0.095 support, signaling potential strength before a breakout.
- Analysts monitor $0.22–$0.25 resistance as DOGE volume and network activity show steady growth.
- Derivatives data reveal rising trading interest with balanced positioning across major exchanges.
Dogecoin (DOGE) is showing strong signs of accumulation after a long consolidation phase, according to recent market observations. Each dip continues to be bought up, with the asset holding steady near the $0.095 zone, a key support level. If DOGE maintains this foundation and breaks above the $0.22–$0.25 resistance range, analysts expect a sharp upward move soon, supported by stable demand and consistent trading activity across major exchanges.
DOGE Maintains Accumulation Pattern and Strong Support
According to an analysis prepared by BitGuru, Dogecoin traded within a consolidation range between $0.18 and $0.20 during the recent trading sessions. A pullback occurred in early October, driving the price down to $0.09584 on October 13. Since then, the market has shown resilience, with steady demand forming near this support base.
Selling pressure is still being absorbed by buyers, but higher lows remain around the zone of $0.19. The resistance zone of $0.22-$0.25 is also very important to decide on the further move. A sustained breakout above this level could trigger stronger upward momentum.
DeFiLlama data shows Dogecoin’s total value locked (TVL) in decentralized finance at $16.7 million, reflecting a daily decrease of 4.26% but preserving long-term growth trends. The overall market capitalization remains around $28.813 billion, supported by consistent network participation and accumulation behavior over time.
Market Dynamics and Derivatives Overview
According to data from Coinglass, Dogecoin derivatives trading volume reached $8.33 billion, marking a 38.16% increase over the period. Open interest stood at $1.73 billion, showing a short-term reduction in active contracts.
Options volume climbed by 590.98% to $88.93 million, while open interest increased by 2.34%. Binance reported a DOGE/USDT long-to-short ratio of 2.8521, and OKX showed a higher ratio of 3.65. Liquidations totaled $15.18 million over twenty-four hours, mostly from long positions.
Despite these movements, trading activity remains balanced, and DOGE continues to trade near its established base. If the asset sustains the $0.095 support and breaks above the $0.25 level, analysts expect a potential upward continuation supported by steady accumulation.
