The post Dogecoin defends KEY support – Could $0.209 be DOGE’s next target? appeared on BitcoinEthereumNews.com.

Key Takeaways  Why does DOGE’s structure look bullish? Stronger sentiment, rising outflows, and firm accumulation support strengthen DOGE’s early rebound setup. What defines Dogecoin’s future outlook? Balanced liquidations and buyer absorption improve breakout probability if DOGE clears $0.188 resistance. Dogecoin [DOGE] enters the week with renewed strength as sentiment indicators from Market Prophit reveal a synchronized bullish shift in both crowd sentiment and smart-money positioning.  This alignment rarely coincides, making the current reading more meaningful because retail enthusiasm matches the behavior of more sophisticated traders. Additionally, DOGE exhibits this sentiment improvement despite broader market conditions remaining unstable, which amplifies the significance of the signal. As momentum builds, traders start to notice how this shift sets the tone for potential upside follow-through. The combination of rising confidence and structural support often lays the groundwork for stronger price performance, especially when supported by on-chain metrics. Exchange outflows tighten Dogecoin’s sell-side supply Dogecoin’s on-chain dynamics reinforce its improving sentiment, as the latest data confirms an $8.42 million exchange outflow during the past 24 hours.  Outflows typically suggest reduced selling pressure, as tokens withdrawn from exchanges are more likely to be held than sold. For several months, DOGE has consistently recorded negative netflows, indicating that holders are increasingly reluctant to sell during periods of market volatility. This tightening liquidity coincides with DOGE’s movement within its accumulation zone, where a shrinking supply base supports potential recovery. Together, these factors, positive sentiment and sustained outflows, reinforce a short-term bullish outlook, with fewer tokens available for immediate selling during intraday swings. Source: CoinGlass DOGE tests its key accumulation zone again DOGE retests its accumulation block around $0.15–$0.16 with renewed strength as buyers push back against repeated downside attempts. The descending channel still caps upside movement; however, price action shows early signs of pressure easing near the lower…

---

Filed under: News - @ November 18, 2025 10:27 am