Dogecoin price holds above $0.17 as bulls eye breakout toward $0.20; check forecast

• Dogecoin price fell to near $0.17 as fresh downside pressure hit cryptocurrencies.
• The memecoin has nonetheless bounced off these intraday lows and is inching towards $0.18.
• What’s next for cryptocurrency amid DOGE ETF anticipation?

Dogecoin (DOGE) price dropped from highs of $0.18 as Bitcoin and top altcoins pared gains following an uptick on Monday.

However, bulls are showing resilience as prices bounce off lows near $0.17, with the top memecoin recording a dip in selling pressure.

As of November 12, 2025, the DOGE token is trading at $0.176, which is a slight uptick from its intraday lows of $0.1712.

While the asset remains in negative territory on the day, it’s up nearly 9% over the past week.

Notably, the bounce and renewed interest from bullish traders across the market suggest Dogecoin could be poised for potential continuation higher.

Dogecoin price technical outlook

The $0.15 price level is a support zone that has held firm since March 2025, and features key reload areas that coincide with recent market sell-offs.

In October, bears touched lows below the mark, and traders see it as a key psychological and technical floor.

By thwarting bears’ plans for deeper corrections throughout the past several months, the buffer zone has helped bulls to remain in the game.

DOGE above $0.17 aligns with technical indicators, including a hidden bullish divergence on the Relative Strength Index (RSI) that suggests that selling pressure may be waning.

Investors are digesting broader market dynamics, including macroeconomic tailwinds like the end to the US government shutdown and monetary policy.

In this environment, Dogecoin’s resilience at $0.17 points to strength at an entrenched position.

If price bounces off the lower boundary of a multi-month broadening wedge, a breakout above the $0.18 resistance is likely.

That could pave the way for a retest of the $0.20 mark. Notably, the 50-day exponential moving average provides downsloping resistance near $0.199.

A break above this will bring $0.22 and $0.30 into play.

Why is Dogecoin price largely bullish?

Dogecoin’s bullish price outlook rides a confluence of catalysts, including institutional developments, community resilience, and favorable technical setups.

Even as short-term bearish signals linger, mounting anticipation around spot Dogecoin exchange-traded funds is significant.

XRP, Solana, Litecoin, and Dogecoin are among the top altcoins set to benefit from ETF launches. The Bitwise DOGE ETF countdown is on, as CoinJournal highlighted earlier this month.

Meanwhile, on-chain activity, shown by large wallet investors adding to their holdings amid the price dip and memecoin hype, continues to bolster bulls.

As noted, the 50-day exponential moving average, though declining, has previously acted as a robust support level.