Will Dogecoin (DOGE) Surge Above $0.20? Check out the Latest Analysis!

Jakarta, Pintu News – As of November 19, the price of Dogecoin remained above the $0.15 level, recording a slight gain of 0.53%. Despite continued selling pressure, the crypto market in general is showing signs of stabilization. On the other hand, large investors’ interest seems to be rebounding, with reports that “whales” have accumulated around 27.4 billion DOGE.

This small recovery comes after a period of low volatility and narrow price movements, which previously indicated a tendency towards a bearish trend. However, this now signals a potential Dogecoin price recovery if the uptrend continues.

Meanwhile, several other crypto assets such as Cronos (CRO), Starknet , and MYX recorded significant price spikes. In contrast, major cryptocurrencies such as Bitcoin , Ethereum , and Solana did not experience significant gains, instead entering a short-term consolidation phase.

Dogecoin receives strong support after 27.4 billion tokens collected at $0.08 level

The latest on-chain data shows that approximately 27.4 billion Dogecoins have accumulated in the $0.08 price range. Based on Glassnode’s cost distribution heatmap, this level is the strongest support point for DOGE at the moment, according to market analyst Ali.

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The heatmap reveals a high density of wallets holding DOGE in the price range between $0.079 to $0.082. This kind of concentration signals a strong support zone, where investors show confidence in the price.

Historically, large accumulations like this have often been an important foundation during price corrections or changes in market sentiment.

DOGE Supply on the Exchange Starts to Rise, Hinting at a Potential Rebound

Recently, Dogecoin’s supply on crypto exchanges underwent a change to become net positive, after previously experiencing a long period of net outflows. Historically, this has often been followed by sharp price spikes.

Recent data from Glassnode indicates that changes in DOGE’s net position on exchanges like this have often preceded significant increases in DOGE’s value.

Analysts see this as a positive signal, especially given previous trends where such changes have often rekindled investor interest. The crypto market is now monitoring the price movement of DOGE after this supply adjustment, which could be the trigger for further recovery.

Can DOGE Price Survive the $0.150 Support Zone This Week?

At the time of this report (11/19), the price of Dogecoin (DOGE) is hovering around $0.158. The MACD indicator shows a small bullish crossover, signaling a change in momentum that is starting to favor buyers.

Read also: Dogecoin Price Drops to $0.15 Today: Does DOGE Have the Potential to Fall Further?

The histogram bars are starting to show positive values, indicating initial strength. Meanwhile, the RSI is in the mid-40s, indicating neutral market pressure – not yet leaning strongly towards either the buyer or seller side.

If the price of DOGE is able to maintain support above $0.150, then there is a chance that the price will try to break the $0.170 level, in line with the short-term outlook which is still bullish.

If it manages to break the area convincingly, then DOGE has the potential to continue its rise towards $0.185, and could even reach $0.20. However, if the support at $0.150 fails to hold, the technical chart shows a potential decline towards $0.145 and $0.140 as the next target levels.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Dogecoin Price Eyes Recovery Above $0.20 as Whales Scoop Up 27.4 Billion DOGE. Accessed on November 20, 2025