Dogecoin Accumulation Begins After Months of Selling Pressure

Dogecoin is trading at 0.1957 as the meme coin consolidates after several weeks of volatile price ￰0￱ token faces resistance from multiple technical barriers and recent on-chain data suggest that accumulation may be underway following years of selling pressure in ￰1￱ cryptocurrency remains below its 0.236 Fibonacci retracement at $0.2025 following a backlash from its previous high of $0.2889 in the previous trading ￰2￱ action depicts the DOGE stuck between its 20 50

100 and 200-period exponential moving averages which lie between 0.1941 and ￰3￱ 20 EMA is already the major resistance ￰4￱ Price Dynamics () The support is at 0.1758 which is a recent swing low and is an established demand ￰5￱ the price of $0.2190 would push the price to hit the 50% and 0.618 Fibonacci retracement at $0.2323 and ￰6￱ observe that a definite close above 0.26 would only indicate a lasting reversal of the bullish ￰7￱ Activity Points to Renewed Interest Open interest in Dogecoin futures declined sharply from over $6 billion earlier in 2025 to below $2 billion in recent ￰8￱ of October 23

open interest has been restored to approximately $1.73 billion representing a modest ￰9￱ improvement shows that traders are taking leveraged positions in anticipation of a possible price ￰10￱ trends where increases in open interest precede market bottoms are often followed by significant directional changes a factor that market observers cite to support their ￰11￱ levels above $2 billion validate growing bullish sentiment while a decline below $1.5 billion might signal reduced market ￰12￱ indicators indicate declining selling pressure

although the flattened EMAs suggest trader ￰13￱ clean break above $0.20 would indicate early bullish action and failure to hold the $0.19 level would result in a rejection of the $0.175 support.