Dogecoin shows resilience near support as futures open interest rises, but signals point to both risk and rally ahead.
Dogecoin is drawing attention from traders after conflicting technical signals appeared across the market. While one analyst warned of a sell setup, another argued that DOGE is preparing for a strong upward move. The debate comes as price action holds in a tight range around key support and resistance levels.
Traders Split Between Sell Signal and Rally Outlook
Ali Charts, a market analyst on X, shared that Dogecoin could be preparing for a retracement as the TD Sequential indicator flashed a sell warning. “Dogecoin $DOGE could be about to retrace as the TD Sequential flashes a sell signal,” Ali noted, signaling caution for short-term holders.
In contrast, another market voice took the opposite side. Steph is Crypto noted that Doge is about to pump hard suggesting optimism for a near-term breakout. These opposing views reflect the uncertainty in Dogecoin’s current structure, as buyers defend support but struggle to push beyond resistance.
$Doge about to pump hard! pic.twitter.com/czwPrieB2r
— STEPH IS CRYPTO (@Steph_iscrypto) September 8, 2025
Price Holding Key Levels as Momentum Builds
Data shows that buyers consistently defended the $0.213–$0.214 area, while sellers stepped in at $0.220–$0.221. Intraday rebounds gained strength when volume increased, yet late-session fades kept price just below the ceiling. The controlled rise has left Dogecoin consolidating beneath immediate resistance, with the higher-low structure still intact.
Technical indicators remain mixed. The Relative Strength Index is near the mid-50s, showing a neutral to bullish bias. Meanwhile, the MACD histogram is close to a crossover, suggesting accumulation on dips but limited momentum at highs. Traders are watching for a clean close above $0.221 to confirm continuation.
Futures Open Interest and Resistance Levels in Focus
Beyond spot trading, Dogecoin’s futures market has grown sharply in 2025. Open interest reached $3 billion in Q3, a 21% increase year over year. Analysts link this to a mix of institutional and retail participation, alongside whale accumulation events, including over 300 million DOGE purchased in just 48 hours.
Yet risks remain, as large liquidations and leveraged positions continue to add volatility. Broader crypto liquidations earlier in the summer reminded traders of how quickly moves can unwind. If Dogecoin fails to hold the $0.21 level, analysts warn of possible retests near $0.178.
On the upside, several reference points are attracting attention. A decisive close above $0.221 may open the door to $0.224–$0.226 and possibly $0.230. Analysts also point to $0.25 as a crucial breakout line, which could unlock a run toward $0.34 if market momentum expands.
