The 50 - day moving average of DOGE is $0.37128, reaching the 0.236 Fibonacci level of $0.36689 – a key confluence zone that could trigger the next major move.

 

The daily active addresses showed a peak of 1.55 million in November, and the current stability indicates a phase of smart - money accumulation.

 

Dogecoin [DOGE] is attracting attention as it approaches a key resistance level. At the time of writing, it is trading at $0.37076, with bulls attempting to clear a significant resistance. Strong on - chain activity and building price momentum have led many investors to speculate on a potential breakout. The price movement and on - chain indicators of the popular meme token suggest that a complex setup may determine its next major move.

 

The price of Dogecoin has been trading near the significant resistance zone of $0.09, which has historically been an obstacle. The 50 - day moving average (MA) at $0.37128 is currently dynamic resistance, while the 200 - day moving average at $0.20570 provides long - term support, indicating a strong overall uptrend despite the recent consolidation.

 

The price structure of DOGE shows key resistance at the 0.236 Fibonacci level ($0.36689), and the next major hurdle is at $0.39879 (the 0.0 Fibonacci level). It represents the 61.8% and 78.6% levels of previous price fluctuations.

 

A thorough breakout above these levels could put DOGE on the path to the next psychological barrier.

The Directional Movement Index (DMI) readings of 18.0543/22.8632/0.5726 indicate a neutral stance, while the Stochastic RSI at 65.95/53.34 suggests room for upward movement before overbought conditions.

 

This technical configuration implies a potential energy build - up for the next major move, with the primary target being the key resistance level of $0.4. The MACD indicator reflects bullish momentum, with its signal line trending upward. If DOGE maintains volume support, a divergence from the price at this stage could confirm the breakout.

On - chain indicators show that in November, the daily active addresses increased significantly, reaching a peak not seen in months. Although the activity has normalized, the current levels are still higher compared to the third quarter of 2024, indicating continued network participation despite price consolidation. Historically, the price of DOGE has been positively correlated with the peaks of active addresses.

 

The volume curve shows a significant clustering of support near $0.33015 (the 0.5 Fibonacci level), along with additional support at $0.28968 (the 0.618 level). A decisive breakout above $0.40000 could trigger an acceleration towards the $0.45000 area, while the confluence of technical support at $0.31355 (the 0.382 Fibonacci) provides a safety net.

 

As Dogecoin challenges the $0.4 resistance level, its ability to maintain support above the 50 - day moving average will be crucial. The convergence of multiple technical indicators suggests accumulation at the current levels, although a breakout of the key resistance level requires substantial trading volume to confirm sustainability.

 

The current market structure, supported by increased network activity and a strong technical foundation, provides a compelling case for continued upward potential, provided that the key support levels hold during pullbacks.