- Dogecoin holds $0.18 support, setting the stage for potential moves toward $0.25 and $0.33.
- Rising DeFi activity and $18.04M TVL signal growing network adoption and investor engagement.
- Consistent higher lows since 2022 confirm Dogecoin’s sustained bullish structure within its price channel.
Dogecoin (DOGE) continues to maintain stability within its long-term ascending channel. The price remains steady around $0.20 after recovering from the $0.18 support zone. Holding $0.18 is key for Dogecoin (DOGE). If bulls defend it, next targets: $0.25 and $0.33. Market data indicates growing trading activity and strong network engagement supporting this structure.
Price Structure and Technical Channel Movement
According to analysis prepared by Ali Charts, Dogecoin trades within a clearly defined ascending parallel channel formed since 2022. The price continues to oscillate between upper and lower boundaries while maintaining higher highs and higher lows. The lower trendline near $0.18 serves as a firm support level where buyers have consistently returned.
DOGE has now recovered off this region soaring past the $0.20 mark with sustained momentum. Historical data shows that each test of the lower band has triggered renewed buying activity. The next short-term obstacle for traders is the midline resistance, which now is close to $0.23. An established close above $0.23 may result in progressions to $0.25 and maybe $0.33 at the upper boundary.
According to Cryptollica, Dogecoin’s broader structure shows clear reaction zones near $0.045, $0.125, and $0.25, confirming long-term trend alignment. The overall pattern indicates that the asset remains within a bullish framework supported by cyclical accumulation phases.
DeFi Expansion and Network Activity Growth
Data from DeFiLlama records Dogecoin’s total value locked (TVL) at $18.04 million, reflecting a 5.10% rise within 24 hours. The increase in TVL demonstrates expanding use of Dogecoin within decentralized finance platforms.
Chain revenue reached $2,314 in the same period, showing balanced network throughput. DOGE’s market capitalization stands near $30.77 billion, with a fully diluted valuation of $30.78 billion, indicating close parity between circulating and total supply.
The recent trading volume was 834.5 million tokens in a 22:00 UTC spike, proving high market activity. Maintaining stability above $0.18 supports the ongoing uptrend. This trend may ensure the further rise of Dogecoin to $0.25 and $0.33 in the next sessions.
