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Reading: Dogecoin price holds $0.20 support, is a $0.32 rally coming?
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Finances Investing and Crypto News > Blog > Market > Dogecoin price holds $0.20 support, is a $0.32 rally coming?
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Dogecoin price holds $0.20 support, is a $0.32 rally coming?

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Last updated: 22/08/2025 11:30 Chiều
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Published 22/08/2025
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Contents
Key Technical PointsWhat to expect in the coming price action

Dogecoin price has corrected into the $0.20 high-timeframe support, backed by strong confluence with moving averages and volume. With higher-low projections intact, the probability favors a bullish continuation toward $0.32.

Summary

  • Dogecoin is holding strong above $0.20 support, backed by moving averages and demand.
  • Higher-low projections favor a bullish continuation into the next resistance zone.
  • Break of the value area high will open momentum toward $0.32.

Dogecoin (DOGE) has entered a corrective phase after rejecting from the value area high, with price now stabilizing a few pennies above the $0.20 support region. This level is backed by significant technical confluence, including moving averages and a strong volume node below the Point of Control. Price has closed multiple daily candles above this support, suggesting sustained demand.

Key Technical Points

  • Major Support at $0.20: Backed by moving averages and demand, critical for sustaining the bullish structure.
  • Upside Target at $0.32: Next major resistance level and high-timeframe objective.
  • Volume Confirmation: Uptick in volume signals bullish influx; a break of the value area high is needed for sustained continuation.
Dogecoin price holds $0.20 support, is a $0.32 rally coming? - 1
DODGEUSDT (1D) Chart, Source: TradingView

Dogecoin’s technical structure remains firmly bullish despite the recent correction. After rejecting from the value area high, price reverted to the $0.20 high-timeframe support, which aligns with multiple moving averages. This confluence strengthens the probability of $0.20 holding as the defining higher-low projection.

Price action has since printed multiple daily closes above this support, a clear sign that demand is active at this level. Sustained closes above $0.20 would validate it as a springboard for further continuation, with the next key objective at the $0.32 resistance.

Volume dynamics add further confidence to the bullish case. The recent uptick in the volume profile highlights growing participation, suggesting accumulation around $0.20. For Dogecoin to establish a sustained rally, this volume needs to continue building as the token approaches the range high.

The value area high remains the near-term challenge, having rejected price on the initial test. From a volume perspective, the more times this resistance is tested, the weaker it becomes. A successful break would confirm continuation toward $0.32 and establish a higher high, cementing the bullish daily trend.

What to expect in the coming price action

As long as Dogecoin maintains $0.20 support, the bullish bias remains intact. A confirmed break of the value area high will likely trigger continuation toward the $0.32 resistance, reinforcing the daily bullish trend.

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