Dogecoin News 2025: Why DOGE Is Stuck in a Tight Trading Range
- Why Is Dogecoin Stuck in This Range?
- The Leverage Standoff
- Could a 20% Bounce Be Coming?
- The Make-or-Break Symmetrical Triangle
- FAQs: Your Dogecoin Questions Answered
Dogecoin (DOGE) has been trapped in a narrow price range between $0.24 and $0.27, with on-chain data revealing massive supply clusters acting as both support and resistance. A bullish divergence on the 4-hour chart hints at a potential 20% rebound, while a symmetrical triangle on the daily chart suggests an impending breakout. Derivatives data shows a near-perfect balance between longs and shorts, keeping DOGE in limbo—for now.
Why Is Dogecoin Stuck in This Range?
Dogecoin’s price action has been frustratingly stagnant, and the reason isn’t just market sentiment—it’s math. Glassnode’s UTXO heatmap reveals a thick cushion of supply between $0.247 and $0.249, where roughly 1.89 billion Doge are waiting to be sold. This creates a floor that’s prevented deeper drops below $0.24. On the flip side, resistance is just as dense: 1.39 billion DOGE sits between $0.261-$0.262, and another 1.27 billion lurks at $0.262-$0.264. It’s like a tug-of-war where both teams are equally strong.
The Leverage Standoff
Bitget’s liquidation heatmap tells the same story: $304 million in long positions vs. $331 million in shorts. When leverage is this balanced, neither bulls nor bears can force a squeeze. "It’s a stalemate," says a BTCC analyst. "Until one side overextends—like in September when DOGE rallied 20%—we’re stuck in this corridor."
Could a 20% Bounce Be Coming?
Here’s where it gets interesting. The 4-hour chart shows a bullish divergence—price made a lower low on October 8-9, but the RSI didn’t. The last time this happened (September 22-26), DOGE surged from $0.22 to $0.26. A repeat could propel it to $0.29, smashing through that $0.26-$0.27 supply wall.
The Make-or-Break Symmetrical Triangle
On the daily chart, DOGE is coiling inside a symmetrical triangle—a classic "explosion waiting to happen" pattern. A close above $0.27-$0.29 confirms bullish momentum; below $0.24 opens the door to $0.22. My take? The divergence favors bulls, but with crypto, never bet the farm.
FAQs: Your Dogecoin Questions Answered
Why isn’t Dogecoin moving?
Massive supply clusters at $0.24 (support) and $0.26-$0.27 (resistance) are acting like price magnets, while balanced leverage prevents breakouts.
What could trigger a DOGE rally?
A 20% bounce is possible if the bullish divergence plays out like in late September. Watch for a close above $0.29.
Is Dogecoin a good buy now?
This article does not constitute investment advice. That said, the risk/reward looks interesting if $0.24 holds.