- Dogecoin traded at $0.15 as bulls tried to hold control at that price level.
- A successful break above $0.18 could spark renewed gains.
- Key targets include $0.30 and $0.50, which could come into reach if memecoin sentiment turns positive.
Dogecoin (DOGE) is showing signs of a potential reversal as buyers defend the $0.15 mark amid recent market volatility.
This development coincides with a key on-chain metric turning positive, indicating a possible shift in momentum for the popular memecoin.
However, cryptocurrencies overall remain subdued, with sentiment plunging alongside broad price declines.
In that environment, DOGE could face renewed selling pressure.
This outlook mirrors what analysts have noted for major altcoins such as XRP, Solana, and Chainlink.
Bitcoin is also under pressure around $91,500 as spot ETF outflows accelerate.
Dogecoin price: Bulls aim to lift from the $0.15 level
As top altcoins struggle to hold critical price levels, Dogecoin’s price action appears to reflect the broader trend.
The memecoin has experienced a significant pullback since encountering resistance near $0.18 on November 11, 2025.
Notably, DOGE dipped slightly below $0.15 on November 17, extending losses from the $0.30 area.
That region represents a multi-month demand and supply zone and remains a key hurdle for bulls to overcome.
Still, DOGE’s support at current levels aligns with bulls consolidating around a major trendline within a rising wedge pattern.
DOGE exchange flows turn positive
Analyst Ali highlighted on X that Dogecoin’s net exchange position has shifted.
Data from Glassnode shared by Ali show that the supply of DOGE on exchanges recently moved into positive territory.
The chart suggests this pattern has historically preceded sharp price rebounds for the altcoin.
Importantly, this shift occurred while DOGE was trading around $0.15 and close to $0.20.
Dogecoin $DOGE supply on exchanges just turned positive!
This shift has marked sharp rebounds before. pic.twitter.com/EMTukIkO8y
— Ali (@ali_charts) November 19, 2025
As the analyst suggests, potential accumulation could pave the way for a bullish reversal in DOGE’s price.
Dogecoin price forecast
The price fell after bears emerged near $0.30, a multi-month demand and supply zone.
Prices are holding around $0.15, which represents an important floor for bulls within a broader wedge formation.
The daily RSI sits at 39, below oversold thresholds, signaling the potential for a rebound.
Elsewhere, the MACD gives buyers some support with an early bullish crossover hint.
If buyers can push DOGE above $0.18, further gains could trigger a move toward $0.30 and then $0.50.
As a leading memecoin, DOGE could spark a broader memecoin resurgence. Conversely, a drop below $0.15 would increase downside pressure.
Ali notes that bulls accumulated more than 27.4 billion DOGE around the $0.08 price level.
This accumulation creates a significant support zone that could prove crucial if bears push prices below $0.10.