Dogecoin is trading near $0.182 after a weekly increase of 10%. Traders are monitoring bullish MACD, pattern breaks and a possible move towards $0.21.
Traders are therefore looking for confirmation of a trend shift as DOGE remains above key support levels.
The momentum builds on the daily chart
On the daily chart, the OG meme coin broke above a descending trendline after a series of lower highs and lows. The MACD indicator has turned bullish and the MACD line is crossing the signal line. This was followed by rising histogram bars, indicating increasing momentum.
Trader Tardigrade shared the chart and noted,
“MACD histogram shows continued increase in strength.”
Bullish patterns appear on DOGE charts
An inverse head and shoulders pattern has formed on the 4-hour chart. The breakout above the neckline occurred on November 10, followed by a retest above $0.18. Since then, the asset has remained above that level.
This setup includes a left shoulder, head and right shoulder, followed by a breakout. Trader Tardigrade confirmed the structure and said DOGE had “successfully completed a retest‘ after the outbreak.
Additionally, the 12-hour chart shows a Cup and Handle formation. The cup formed during a rounded bottom followed by a brief retraction creating the handle. DOGE has broken the horizontal resistance line and is now trading around $0.184.
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The estimated move from the pattern points towards a target near $0.211. Tardigrade drew attention to this level after the outbreak was confirmed.
$Doge/12 hours#Dogecoin Cup and handle breakout, target at $0.211 🔥 https://t.co/EcfvBaerRr pic.twitter.com/qTco9xtfMp
— Trader Tardigrade (@TATrader_Alan) November 11, 2025
Traders keep an eye on the key levels
BitGuru said DOGE has gotten out of a downtrend and is testing a resistance zone.
“If it breaks above this zone, a continuation upwards is likely,” the post said.
Binance data from CW shows top traders remain long, with DOGE positions at 77.82%.
Market Prophet posted that public sentiment and model sentiment remain ‘bullish’. DOGE traded between $0.177 and $0.184 during Tuesday’s session, with buyers defending the $0.1800 level. Price tested the top of the range before pulling back slightly.
As CryptoPotato reported, the Bitwise spot DOGE ETF is currently on a twenty-day countdown for automatic approval. If approved, this would be the first DOGE-based ETF in the US market.
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