Dogecoin is trading near $0.1946, reflecting muted intraday activity as the meme token consolidates after recent volatility. The asset continues to face strong resistance, with short-term traders observing tightening price action around key technical levels. Despite subdued momentum, on-chain metrics and exchange data suggest that accumulation may be emerging after months of sell-side pressure. Consolidation Near Key Fibonacci Levels DOGE has been consolidating below the 0.236 Fibonacci retracement at $0.2025 following its earlier pullback from $0.2889. The token remains trapped below the 20, 50, 100, and 200-period EMAs, which cluster between $0.1941 and $0.2238. This alignment reflects a prolonged bearish structure, with the 20 EMA forming the immediate ceiling. DOGE Price Dynamics (Source: TradingView) Support remains at $0.1758, coinciding with the recent swing low and a notable demand zone. A breakout above $0.2190 could push prices toward $0.2323 and $0.2457, aligning with the 50% and 0.618 retracement zones. However, only a decisive close above $0.26 would confirm a sustained bullish reversal. Related: Bitcoin Price Prediction: BlackRock Adds $73M To Holdings Momentum and Derivatives Outlook Momentum indicators show easing selling pressure, though EMAs have flattened, signaling hesitation among traders. A clear break above $0.20 would suggest early bullish intent, while failure to hold the $0.19 level could trigger another retest of $0.175. Source: Coinglass Dogecoin’s open interest has reflected heightened volatility through 2025, peaking above $6 billion earlier in the year before sliding below $2 billion. As of October 23, open interest stands near $1.73 billion. The recent rise indicates renewed leveraged positioning as traders prepare for a possible breakout. Historically, rising open interest near market lows often precedes strong directional moves. Sustained levels above $2 billion may validate bullish conviction, while a drop below $1.5 billion could imply reduced participation. Inflows Indicate Renewed Accumulation Source: Coinglass Exchange flow data highlights a shift in sentiment. Dogecoin recorded negative netflows for most of 2025, signaling persistent selling. However, on October 23, the token posted a net inflow of $8.46 million, showing a potential return of buying interest. Large outflows in previous months triggered notable price declines, but recent inflows suggest accumulation could be building near current levels. Related: Chainlink Price Prediction: LINK Eyes Recovery as Accumulation Trends Strengthen Additionally, crypto exchange KuCoin announced a new mining pool, KuPool, supporting Dogecoin, Litecoin, and later Bitcoin. The initiative may enhance DOGE’s mining stability and community engagement, potentially supporting its long-term network activity. Technical Outlook for Dogecoin Price Key levels remain clearly defined as Dogecoin trades near $0.1946, signaling consolidation ahead of a potential breakout. Upside levels: $0.2025 serves as the first resistance, followed by $0.2190 and $0.2323 as intermediate hurdles. A strong breakout above $0.2457 could extend gains toward $0.26–$0.27, aligning with the 0.786 Fibonacci zone. Downside levels: Immediate support lies at $0.1890, followed by the key demand zone near $0.1758. A decisive drop below $0.1750 could expose DOGE to deeper retracement toward $0.1650. Resistance ceiling: The cluster of exponential moving averages between $0.1940 and $0.2238 continues to cap upside momentum, with the 20 EMA acting as immediate resistance. The technical structure suggests Dogecoin is compressing inside a symmetrical consolidation channel, where shrinking volatility reflects indecision before a breakout. Momentum indicators show waning bearish strength, while spot inflows point to gradual accumulation. Will Dogecoin Break Above $0.20? Dogecoin’s near-term direction depends on whether buyers can sustain pressure above $0.19 and reclaim $0.2025. Sustained inflows and open interest recovery could push DOGE toward $0.23 and beyond. However, failure to defend the $0.1758 base may lead to renewed selling pressure. Related: Cardano Price Prediction: Traders Await Key Breakout After $1.34M Net Outflows For now, Dogecoin sits at a pivotal inflection point. Market conviction, strengthened by renewed accumulation and KuCoin’s new KuPool launch, may determine if the next move sparks a broader bullish reversal or a continuation of consolidation. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.