The Dogecoin price is trying to recover again. Its price trades near $0.14 after a small pullback, but the mood around the token has shifted over the past 24 hours.
The new Dogecoin ETF listing has improved sentiment, the chart has flashed a clean reversal signal, and whales have begun to add again. Still, the strongest resistance sits above a key price level, and breaking it remains the real test.
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Reversal Setup Forms as Big Holders Add Again
Dogecoin triggered a classical reversal structure on the daily chart post the Grayscale ETF launch.
Between 4 November and 21 November, the price made a lower low while the Relative Strength Index (RSI), a momentum indicator, made a higher low. This bullish divergence pattern usually appears towards the end of a downtrend.
Right after this signal, Dogecoin climbed more than 15%.
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The move also aligns with fresh buying from two whale cohorts. The group holding 100 million to 1 billion DOGE increased its balance from 35.34 billion DOGE to 36.31 billion DOGE starting 19 November. A second group holding 1 million to 10 million DOGE began adding on 22 November, raising its balance from 10.85 billion DOGE to 10.92 billion DOGE.
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Whales Buying Dogecoin: SantimentTogether, these cohorts added 1.04 billion DOGE, worth roughly $153 million, at current prices. This is the strongest accumulation in quite a while and supports the reversal structure.
Heatmap Shows the Real Battle Ahead
Even with the DOGE ETF boost and whale accumulation, Dogecoin now faces its largest supply block in weeks. The cost-basis heatmap shows a dense cluster of 7.03 billion DOGE between $0.17 and $0.18.
Key DOGE Cluster 1: GlassnodeSponsored
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At that price, this barrier represents more than $1.20 billion worth of coins held by traders who may sell into strength.
Key DOGE Cluster 2: GlassnodeUntil Dogecoin closes above $0.18, the reversal setup and whale support cannot fully play out. And every bounce might fail if market conditions weaken.
Key DOGE Cluster 3: GlassnodeThe chart shows the real fight sits here, not in the earlier bounce.
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Dogecoin Price Levels: What Confirms and What Breaks the Move
Dogecoin must reclaim $0.17 on the price chart to begin the build-up toward the $0.17–$0.18 wall. This zone is the last checkpoint before a momentum expansion.
This is the key level that has rejected every rally attempt since early November. A clean break above $0.18 opens the path toward $0.21, which aligns with the Fibonacci structure and the next major supply zone.
On the downside, the invalidation sits at $0.13. A daily close below this level breaks the reversal setup and signals that the ETP-led optimism and whale accumulation were not enough to sustain strength.
Dogecoin Price Analysis: TradingViewThe Dogecoin price has a stronger setup now than it did earlier this month, but the chart is clear: the real fight, and the real confirmation of bullishness, still lies ahead.
Source: https://beincrypto.com/dogecoin-price-bounce-key-level-rally-check/
