Traders suggest the memecoin is displaying ‘range-bound’ movement.
Dogecoin (DOGE) price has been moving between $0.21 and $0.17 since October 11th, 2025. This sideways movement has prompted largely positive expectations for DOGE.
The short-term chart looks promising for range-bound trading around the aforementioned prices. Long-term charts, according to traders, are pointing to a steady rise.
A Plan to Exploit the Short-term Dogecoin (DOGE) Price Action
DOGE price’s range-bound movement has prompted a trader to exploit the volatility within the range.
According to crypto trader “Sjuul”, Dogecoin’s pattern between October 11th and November 1st was a “clean range-bound price action.”
The trader stated that $0.21 is a key resistance. And that the key support level is $0.18. He noted that the ‘strategy’ for this chart pattern was ‘straightforward’.
At press time, the memecoin was trading at $0.1827, just $0.01 above the day’s opening price, per TradingView.
This range begins after the infamous deleveraging range of Friday, October 10th, 2025. The deleveraging triggered over $19 Billion in liquidations.
DOGE traded between $0.23 and $0.27 in a span of nine days running up to October 10th. Since February 3rd, 2025, DOGE has been trading largely within $0.12986 and $0.3684.
Dogecoin (DOGE) Could Touch $0.3 if it Stays on Track
Crypto trader Ali_Charts, noted in a widely read X post that $0.18 looked like a ‘strong buy-the-dip zone’ before it springs to $0.26 or $0.33.
Buy-the-dip is a popular phrase in trading jargon that means buying the crypto/asset when its price is low.
In a previous analysis of Dogecoin price action, Ali had stated that DOGE could hit $0.25 and $0.33 if the memecoin stuck to this range.
In that analysis, Ali shared the same chart, suggesting that the trader is confident about the range and the extrapolated price line.
Ali used the 1-day chart for his DOGE analysis, while Sjuul used the 12-hour time frame for his analysis. Both the 12-hour and 1-day time frames are often used for short-term analyses.
Sjuul’s trade suggestion and Ali’s analysis reflect a high level of confidence in DOGE’s short-term price movement.
On the daily time frame, the relative strength index (RSI) was at 38.9, just shy of its moving average line at 41.6.
At press time, the day’s candle was red and it had lost $1.51 over the last 24 hours. A reading of 38.9 RSI usually indicates that at that particular price level, the crypto is slightly oversold.
DOGE Price Long-Term Price Action
Another notable observation on DOGE, albeit on a bigger time scale, was shared by STEPH IS CRYPTO on X.
In a 3-day time frame chart, Steph pointed out five different points when DOGE tested a multi-month trend line.
According to Steph, the memecoin has been moving along this trendline since July 2023. Also, his chart shows that each of the five times DOGE tested this trendline, it bounced sharply, almost always.
His chart can be interpreted as a strong signal that DOGE is respecting a big trend line. If DOGE sticks to this trendline, it could easily reach the targets that Ali pointed out.
It is critical to note that trend lines and moving averages are lagging indicators. DOGE’s 200-day simple moving average (SMA) has been moving sideways with a slight incline since early September.
At press time, the 200-day SMA was at $0.20939. DOGE price has been trading below the 200-day SMA since October 10th, having tested the 200-day SMA twice since then.
Dogecoin trading volume was down almost 21% intraday at $873.1 Million. Volume oscillator reading on TradingView for the memecoin was -24.1%.
The volume figures are low primarily since it’s the weekend. Altcoins will be expected to show bullish patterns if the government shutdown is lifted.
Several altcoin ETFs are pending approval due to the shutdown, which has now crossed the 30-day mark.
If DOGE price crosses the 200-day SMA, it could serve as a confirmation signal for an uptrend. However, the confidence level of that confirmation can’t be described as high.
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