Dogecoin Price Poised for a Breakout to $0.17 Amid Rising Derivative Volume and Open Interest

Highlights:

• The Dogecoin price has stabilised above $0.15, despite the decline in trading volume.
• The DOGE open interest and volume have surged, indicating renewed confidence among traders.
• The DOGE bulls are now targeting the $0.17 mark, as the MACD indicates a buy signal.

The Dogecoin price is currently exchanging hands at $0.15, as the crypto market rebounds. However, the daily trading volume is down 10% to $1.4 billion, suggesting a drop in trading activity. The outlook on the derivatives market is positive, driven by an increase in open interest and volume. Notably, the DOGE OI-Weighted funding rate has flipped positive to 0.0054% on Thursday. This means that the longs are now paying the shorts, further reinforcing a potential surge to $0.17.

According to CoinGlass statistics, the number of DOGE futures OI has grown to $1.47 billion. This marks a 2.75% surge, which supports the chances of an upside movement. The OI growth is an indicator of new money entering the market, which could further boost the Dogecoin price spike.

On the other hand, the volume has increased by 3% to $3.70 billion, suggesting heightened market activity in DOGE. Notably, the long-to-short ratio is at 1.0173, indicating growing bullish sentiment.

Dogecoin Price Poised for a Rally to $0.17

The DOGE/USD 1-day price action indicates that the meme coin is currently trading around $0.15, up 1.79% over the last 24 hours. However, that small jump may represent the start of something huge. Meanwhile, the 50-day Simple Moving Average (SMA) at $0.17 and the 200-day SMA at $0.20 are acting as immediate resistance zones. Moreover, the moving averages crossed paths on November 8, 2025, signalling some bearish sentiment in the market.

The Dogecoin price is currently trading within a falling wedge pattern, with the bulls eyeing a breakout. Recently, the dog-themed meme coin dipped into a support zone of $0.13 before bouncing back from the lower end, with a solid push toward $0.15.

The RSI (Relative Strength Index) at 42.03 sits just below neutral, recovering from oversold levels. This suggests DOGE’s price has room to run. Meanwhile, the MACD has crossed above the orange signal line, signaling a potential rally for buyers in DOGE.

Looking at the bigger picture, with traders piling in, the Dogecoin price could soon test resistance around $0.17. If it breaks that, the next stop might be $0.20, a 32% increase from current price levels. However, if support at $0.13 cracks, a slide back to $0.12 may occur. Nevertheless, the derivatives volume has been steady, so this rebound might gain momentum.

On the other hand, a well-known crypto analyst, Ali Martinez, has predicted that DOGE key support currently lies at $0.080, while $0.20 acts as the main resistance.

$0.080 is the key support for Dogecoin $DOGE, while $0.20 stands as the main resistance. pic.twitter.com/1yCNAhqTDk

— Ali (@ali_charts) November 27, 2025

In the short term, traders can expect a bounce to $0.17-$0.20 in the coming days, fueled by dip-buying FOMO. However, if Bitcoin and the market hold steady in the long term, DOGE could ride the wave to $0.27 by the end of Q4.