Dogecoin News Today: DOGE at $0.1846 Make-or-Break: Breakout to $0.19 or Reversal?

Dogecoin (DOGE) surged 7.7% to $0.1768 on Nov. 11, 2025, as technical indicators and market sentiment aligned to signal growing bullish momentum. The price action reflects a potential breakout from a key resistance zone, with the Moving Average Convergence Divergence (MACD) strengthening toward $0.1846 resistance. Analysts attribute the rally to a combination of speculative trading, institutional accumulation, and renewed political rhetoric from Donald Trump, who has pledged a $2,000 stimulus plan, rekindling 2021-era enthusiasm for meme coins.

Technical analysis highlights a constructive setup for DOGE. The Relative Strength Index (RSI) has climbed to 61, while the MACD has crossed into positive territory, indicating expanding buying pressure. On the 4-hour chart, DOGE is forming a "cup and handle" pattern, a classic continuation structure that suggests further gains if the $0.1846 resistance level is confirmed. Higher lows at $0.1745, $0.1761, and $0.1782 have established an ascending channel, with the asset trading above its 20- and 50-hour moving averages.

Volume data reinforces the bullish narrative. Early-session accumulation patterns dominated, with late-hour trading spiking to 24 million hourly turnover-300% above average-though this was attributed to profit-taking rather than structural weakness. Open Interest (OI) for DOGE derivatives has also risen, signaling increased participation from both retail and institutional traders. Analysts note that institutional accumulation, particularly by "whales," suggests dips near $0.1740–$0.1750 could attract buyers, mitigating downside risks.

The cup and handle pattern's integrity hinges on DOGE's ability to hold above the $0.1800–$0.1804 support zone. A confirmed close above $0.1838 resistance could propel the price toward $0.1860–$0.1900, while failure to maintain current levels risks a pullback to $0.1740–$0.1750. Meanwhile, the MACD histogram on the daily chart shows rising strength, with traders closely watching for a zero-line crossover to confirm the trend.

Broader market conditions also favor DOGE. The U.S. Senate's approval of a bill to end the government shutdown has bolstered risk-on sentiment, with Bitcoin (BTC) trading above $106,000 and Ethereum (ETH) rebounding above $3,600. This macro backdrop reduces pressure on investors to retreat to safe-haven assets, creating a conducive environment for high-beta plays like DOGE. Additionally, speculation around the potential launch of a Bitwise Dogecoin ETF within 20 days has added speculative fuel to the rally.

Market observers caution that short-term volatility remains a factor. While the cup and handle pattern suggests a bullish continuation, intraday breakouts have triggered profit-taking, testing the $0.18 floor. Traders are advised to monitor the 200-period EMA at $0.19755 as a potential next target if the rally extends. However, a slip below the $0.15704 support could invalidate the bullish case, sending DOGE toward $0.14270.

Institutional interest in meme coins is growing, with analysts framing DOGE as a speculative proxy amid macroeconomic uncertainty. Trump's fiscal rhetoric, coupled with the crypto market's broader recovery, positions DOGE to benefit from policy-driven flows in the coming months. For now, the focus remains on technical levels and volume dynamics, with the $0.1846 resistance serving as a critical juncture for the asset's near-term trajectory.