Will Dogecoin Break Through $0.17 Resistance or Drop Lower?

• The $0.13 support, which is essential to Dogecoin’s short-term movement, is being tested.
• A confirmed close above $0.17 price tag could set the stage for a rally to $0.21.
• The RSI and Stochastic indicators show a balanced market condition for Dogecoin.

Dogecoin is approaching a critical price level as it nears the $0.17 resistance, building bullish momentum. A confirmed close above this resistance would likely kick off a rally toward $0.21 and $0.29, as highlighted by the latest technical analysis on the X platform by Ali Charts. Nonetheless, this shimmering outlook highly depends on defending the support level of $0.13, which still remains an important price point for investors. Failure to hold above $0.13 could disprove the bullish outlook and reignite selling pressure.  

Source: X

Dogecoin Price Action and Resistance Levels

The token is currently testing the  $0.13 support level, which serves as a point for a high probability of price fluctuations. Analysts are closely monitoring the price action around this zone, as a failure to hold above $0.13 may result in a decline toward lower levels. On the flip side, a potential bounce from this support may very well bring on a more bullish scenario.

A breakout above $0.17 is critical for Dogecoin, and if this resistance is breached, it could set the stage for further upward momentum. The next top resistance points will fall from $0.21 to $0.29, and so here is where Dogecoin might find difficulty again before finally setting its track onto winning new peaks. Traders have begun to focus on these price levels, with many seeing them possible near-term targets.

Open Interest and Market Sentiment

According to data from CoinGlass, the correlation between Dogecoin’s price movements and open interest in its futures market provides valuable insights into market sentiment.Lifting off in December 2024 and March 2025, the price of Dogecoin was called the spur for increased market activity and speculative positioning, whereby an increase in open interest was registered. 

Source: Coinglass

But as the price was retracing and trying the support at $0.13, the subsequent decline in open interest was an indication of changing sentiment in the market. This pattern reinforces the importance of key technical levels in guiding investor behavior.

Related: Musk’s Influence Powers RFC Surge, Eyes Dogecoin-Like Rally

Technical Indicators and Moderate Market Conditions

According to CryptoQuant, the Relative Strength Index for Dogecoin is at the neutral level of 50. The Stochastic reading came in at 63.8, indicating that for the last two weeks prices ranged moderately from high to low. In other words, these technical indicators have also been a reflection of the momentum balance in the market and a stalemate between bulls and bears. 

Source: CryptoQuant

With these key prices and technical indicators, one can say that Doge’s near term will be determined by its ability to hold over support at $0.13 and break the $0.17 resistance. The market sentiment, with open interest and technical indicators, is going to be relevant to the asset’s price direction in the months ahead.

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