Dogecoin (DOGE) Has Jumped Back to Near Twenty-Cent Level, and Is Now Entering an Interesting Price Action Zone

Dogecoin has jumped back to near twenty-cent level, and is now entering an interesting price action zone.

Dogecoin price has edged back up to twenty-cent level, and is now entering an interesting price action zone. As it sits right now, the first dog-inspired currency is trading at $0.1950, up by 0.24% in the day.

After enduring a hard crash on June 5th — going as low as $0.16 — DOGE has now returned to the $0.20 margin. Typically, price tends to trade sideways for a bit in that zone as buyers and sellers fight it out for a breakout.

Zooming back a bit at the 1H chart, we can see how the channel formed from $0.188 to $0.20 has served as a key zone of interest for $DOGE in 2025.

This means that whatever happens next will be heavily influenced by short-term market movements.

Current Trends Influencing DOGE

The RSI indicator shows us an interesting scenario for Dogecoin. As of right now, the RSI setup on a daily DOGE/USD chart shows a rejection in breaking above the 50.00 line, potentially indicating that buyers are not yet ready for another rally.

In order to assert buy strength, lets have a look at how money is accumulating in the dogecoin market.

The 1-hour A/D line indicates that $DOGE entered a strong accumulation phase this afternoon, giving us a subtle hint that buyers may indeed be picking up strength.

Pairing a 50-period moving average with a 200-period one shows us that $DOGE saw a bullish crossover at the 1-hour chart this afternoon:

While this signal is yet to be confirmed at the 4H and 1D timeframes, additional movement will reveal whether momentum holds. This setup could be significant, however, as the last time we saw a crossover on May 25, this time bearish, the price reacted swiftly downward.

What to Look For

As always, news will be the major determinant of price movements in the altcoin market. This Wednesday, the meeting between U.S. and Chinese officials is set to conclude, and investors are keenly anticipating any shifts in trade policy that could impact global markets.

Traders aiming to go long would likely benefit from tracking a strong breakout candle above the $0.20 margin, while also awaiting signals from technical indicators to chart a sustained bullish momentum.

Meanwhile, if we get disappointing results from the meeting, Litecoin and the entire crypto market may become subject to heightened volatility in the ensuing period.

Although indicators may be aligning, any substantial move will require an impetus from broader market sentiment or major news developments. Until then, price is likely to continue chopping and ranging. As of right now, DOGE remains bound by the channel, but a confirmed close above $0.20 could set the stage for a retest of $0.22 in the intermediate term.