The chart further shows how the Dogecoin price eventually broke out of this descending structure on November 7 to push toward the mid-$0.18 region. This marked the first sign that momentum was shifting away from sellers, and this might set a sustained advance that changes the tone of Dogecoin’s price action.
That transition from lower highs into a more aggressive upward slope set the foundation for the rebound now taking shape. However, Dogecoin is now pressing against an overhead resistance zone around $0.186 that first arose as a result of a downtrend order block on November 2. Technical analysis shows that this price level is now the most important barrier to break.
The chart shows a tight cluster of candles forming just beneath this level, with small intraday rejections but no meaningful breakdowns. Price action in this region carries a clear message: bulls are attempting to reclaim control, and the structure is beginning to resemble a pre-breakout consolidation.
Everything now depends on how Dogecoin behaves at this price resistance, as momentum is clearly building beneath it and a decisive breakout would shift the entire short-term outlook upward.
At the time of writing, Dogecoin is trading at $0.1764, up by 2.5% in the past 24 hours.
