Dogecoin Holds Near Resistance as Buyers Regain Control, A Break Above $0.184 Could Signal Contin...

Dogecoin shifts from downtrend to bullish phase, holding firm near key resistance at $0.18350.

Analysts spot a large symmetrical triangle pattern signaling breakout potential toward $0.75.

Bitwise’s proposed Dogecoin ETF could boost liquidity and institutional participation in DOGE.

Dogecoin (DOGE) shows renewed market strength after shifting from a prolonged downtrend into a steady bullish phase. Price action indicates that momentum has returned to buyers, with the market now consolidating near resistance. If the current zone breaks, continuation upward is likely, while a minor pullback could occur before the next move. At the time of writing, Dogecoin was trading at $0.1763.

DOGE Shows Renewed Strength as Price Holds Near Resistance

Dogecoin reversed its earlier decline with a strong upward move starting in early November, according to analysis prepared by BitGuru. The token transitioned from a clear downtrend into a bullish structure, breaking through resistance levels near $0.17500 and forming a short-term support base

This recovery phase has been supported by increased trading volume, indicating stronger market participation during the rebound. Between November 6 and 9 the price setup was characterized by steady gains as the structure remained in areas above $0.17500 and consolidated around the areas of $0.18350.

BitGuru noted that the market is “holding near resistance and trying to rebound,” adding that a break above this level could confirm further continuation. Technical patterns show higher lows forming, reinforcing the ongoing momentum as buyers remain active within the current range.

Analysts Track Bullish Setup and ETF Developments

According to an observation by Ray, Dogecoin’s chart forms a large symmetrical triangle pattern after months of compression. He stated, “Usually when DOGE pumps crazy, this is a sign of alt season. Right now, it seems ready for a parabolic move.” The pattern shows lower highs and higher lows, suggesting a breakout potential near the triangle’s apex

Source: Ray(X)

Projected resistance targets are positioned near $0.45 and $0.75 if the bullish continuation holds. Bitwise has recently announced its future plans to release a Dogecoin ETF, to hold DOGE directly and track a regulated benchmark with the CF DOGE-Dollar Settlement Price.

Analysts noted that this structure could improve transparency and access for institutional investors. Broader access could strengthen liquidity conditions and reduce friction during market inflows. If approved, the product may support deeper market participation, potentially aligning with ongoing bullish momentum in DOGE’s price action.

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