THE LATEST CRYPTO NEWS

According to a crypto analyst, Dogecoin (DOGE) has returned to a key trendline that has repeatedly marked major cycle bottoms in past market phases. The setup comes alongside low sentiment and weakness, conditions that previously aligned with strong price recoveries. The analyst noted that this lower line could now form a potential base for Dogecoin’s next upside move to the top.  Analyst Forecasts Dogecoin Perfect Price Bottom Market expert Cryptollica has announced that Dogecoin may have formed a cycle bottom after revisiting a long-term support trendline that has been building since 2021. The analyst noted that every previous market bottom since 2021 began at this same lower support line.  Related Reading: Dogecoin Will ‘Pump Hard’ After This Happens, Analyst Clocks Generational Entry In his X post, Cryptollica pointed to psychological conditions that have historically aligned with this lower trendline. He noted that each time Dogecoin approaches this area, demand and interest in the meme coin plummets to low levels, with sentiment turning extremely negative and fearful.  This area has also marked major reversal points for Dogecoin, allowing the cryptocurrency to begin a fresh recovery after a severe downtrend. Past movements from Cryptollica 2021 to 2024 price chart support this view. In 2021, Dogecoin touched this trendline around $0.095 before surging to new highs that marked its historical bull run. A year later, in 2022, the same trendline held at $0.045, again marking the bottom before a sharp rebound. The cryptocurrency also established a fresh bottom near $0.055 in 2024 before starting an uptrend that eventually pushed its price above $0.225. In the current market cycle, Dogecoin has revisited this lower trendline once again. The first time this happened was in early 2026 when its price crashed to roughly $0.085, and the second occurred just recently. Cryptollica has described this latest retest as the “perfect bottom” for Dogecoin, noting that the same structure and negative psychological conditions in 2021 are also present in the current cycle. With chart patterns and broader sentiment aligning almost perfectly, the analyst believes that a market reset may have already occurred or is nearing completion. If this view proves correct, he expects Dogecoin to enter a recovery phase soon, with potential upside targets near $1.6.    Analyst Urges To Wait For Confirmation Before Calling Bottom In a separate analysis, market expert Erick Crypto revealed that Dogecoin has recently lost a major support zone. He said the key demand area near $0.085 failed to hold as market sellers took control, adding more pressure on the meme coin’s price.  Related Reading: Dogecoin Price Just Entered A Critical Level, But Analyst Says It’s Not Time To Buy The analyst added that the latest move raises questions about whether it was a liquidity sweep ahead of a potential recovery or the beginning of a deeper price correction. As Dogecoin continues its downtrend, Erick Crypto noted that its trading volume is still increasing, signaling strong market participation. He urged traders to closely watch price movements and wait for a clear confirmation before calling a final cycle bottom.  Featured image from iStock, chart from Tradingview.com

Dogecoin is trading at $0.085 in early June 2026, which is about 88% below its all-time high but deep inside what one analyst believes is the most important technical setup the meme coin has seen since its pre-2021 launch sequence. The difference this time, however, is that the crypto market is no longer dealing with the same small meme coin from the last cycle but with a larger asset sitting in a different liquidity environment. Dogecoin Repeats Its Old Monthly Structure Technical analysis of Dogecoin’s price action on the monthly candlestick timeframe chart is showing evidence that the meme coin may be repeating the same long-cycle pattern that played out between 2014 and 2017 before the massive 2021 rally. The comparison, which was done by crypto analyst Trader Tardigrade, compares two major Dogecoin cycles, with both showing a long consolidation phase, a falling wedge, and then a breakout attempt. Related Reading: Bad News For Bitcoin: Historical Lows Show The Bottom Actually Lies Below $30,000 In the first cycle, Dogecoin spent years grinding through a wide downtrend wedge range between 2016 and early 2017 after its previous crash in 2014. After that, the price then entered the parabolic phase that eventually carried DOGE into its 2021 top.  Dogecoin began 2021 trading at less than one cent, somewhere around $0.004. By reaching its all-time high in May 2021, Dogecoin saw an increase of over 18,000% in just five months. However, that completed structure produced a rally of about 29,000% from the 2015 low. The current structure, drawn from the 2021 peak into 2026, appears to be following the same sequence. Dogecoin first entered a broad post-bull-market decline after 2021 that ended in 2023, and is now trading inside another falling wedge compression on the monthly timeframe. The dotted projection on the chart predicts that a breakout from this structure could lead to a much larger expansion phase later in the cycle. Dogecoin Price Chart. Source: @TATrader_Alan On X What A Completed Pattern Would Mean For Dogecoin The optimistic case in this technical analysis depends on how Dogecoin reacts with the falling wedge. If Dogecoin breaks out of the monthly falling wedge, then the comparison to 2021 will have more significance.  Related Reading: Institutions Are Loading Up On XRP, But Liquidity Tells A Different Story The projection on the chart by Trader Tardigrade maps a potential move that starts with a rally above the current range, then a pullback, and later a far larger parabolic rally into the end of the decade. The projected arc ascends to the $3 to $5 range, a possible rejection back below $1, and then a rally to triple digits, which is consistent with what a 29,000% move from current price levels would produce. Repeating that kind of rally would require far deeper inflows than the previous cycle, but Dogecoin now has a stronger environment of utility and avenues for institutional inflows. For instance, House of Doge and MoonPay recently announced their partnership to enable DOGE payments across over 6,000 merchants, and possible Spot Dogecoin ETF inflows are another institutional facilitator. Featured image created with Dall.E, chart from Tradingview.com

Dogecoin (DOGE) bounced back on Monday in a modest relief rally, climbing to about $0.086 after sliding to a multi-year low of $0.077 over the weekend. But when looking for clues on where the memecoin might go next, market analyst Ali Martinez released a technical update arguing that DOGE is sitting at a “critical structural inflection point.” In his view, the next phase could follow one of two clear paths, shaped by both higher-timeframe chart patterns and on-chain activity. Is A Macro Expansion Cycle Next?  Martinez said Dogecoin is currently resting on a broad demand base that has historically supported major macro expansion cycles. He framed the setup as more than just a short-term rebound, pointing to long-running structural behavior.  According to his analysis, since DOGE’s early days, the asset has tended to move through extended, multi-year consolidation channels—periods that compress volatility and effectively “transfer” supply over time. Those phases, he argues, typically come before larger structural bull markets. Related Reading: Has The Bitcoin Price Crash Ended Or Is This Just The Beginning? Analyst Answers Martinez says that, at the moment, Dogecoin is testing a specific technical area at $0.081, which is slightly lower than the current trading price. This level corresponds to the lower mid-range boundary of an active five-year parallel channel.  The analyst emphasized that this key chart level has support behind the scenes on-chain. He referenced the UTXO Realized Price Distribution (URPD), which tracks the exact price levels where the tokens in circulation last moved.  In Martinez’s description, there is a major cluster around $0.081: over 30 billion Dogecoin tokens were last transacted at roughly that same coordinate.  The result, he says, is a large concentration of historical exposure that often becomes a psychological and financial “wall of defense,” making the area difficult for sellers to push through. Two Scenarios For Dogecoin When identifying the key levels to watch next, Martinez highlighted the $0.081 level, an active area where the URPD volume cluster overlaps with the channel mid-range. The second level is $0.058, which he calls the multi-year absolute channel floor.  He then outlined two scenarios for what could happen next. Under Scenario A, the $0.081 volume block continues to absorb the market’s supply. If that support holds, Martinez believes the structure favors a steadier rebound and expansion back toward higher channel targets.  Related Reading: XRP To $1 Or A Violent Reversal? Analyst Says Liquidity Setup Is Flashing Scenario B is more cautious. Martinez said that if macroeconomic headwinds intensify and Dogecoin closes weekly below $0.081, the chart structure would shift into what he called an extended valuation reset.  In that case, the token could be pushed toward the lower portion of the macro channel, taking it directly to the $0.058 support floor—the multi-year level he highlighted as the ultimate baseline, which would also mean an additional 32% drop for the memecoin. Featured image created with OpenArt; chart from TradingView.com

A leading crypto analyst has further expressed their confidence that Dogecoin could be set for a bullish run in the current market cycle. This comes thanks to renewed buyer interest in the coin following its recent drop. Rising Volume Signals Strong Demand for Dogecoin In an X post, Crypto analyst Emilio Crypto Bojan described the latest drop in DOGE as a “generational entry” point.  According to Bojan, trading volume began rising soon after the coin hit its low point, suggesting that many investors bought the dip rather than selling. Related Reading: Dogecoin Has Entered A Historically Red Month And The Result Could Be Catastrophic The meme coin fell by about 14% to $0.07763 during last week’s high-volatility period, when Bitcoin fell to $59,000. Bojan considers this a perfect moment to buy this coin at a low price. Since then, DOGE has recovered to around $0.08529. The coin has also maintained strong interest among traders, with a 24-hour trading volume of about $812.7 million and a market value of roughly $14.5 billion. Analysts are now closely watching the $0.099 price level. This is seen as an important resistance point for Dogecoin. Bojan believes that if the meme coin can move above $0.099 and stay there, it could confirm that buyers have regained control of the market. He expects the cryptocurrency to “pump hard” after reclaiming that level. Meanwhile, data from Santiment shows that wallets holding between 100 million and 1 billion DOGE have been reducing their holdings in recent weeks. These wallets now control 23% of Dogecoin’s circulating supply. The decline marks the lowest level in five months. At the same time, wallets holding more than 1 billion DOGE, which are often associated with crypto exchanges, have increased their share of the circulating supply. Their holdings have risen to 47%, suggesting high activity among retail investors. Bullish DOGE Sentiment Builds Up Among Analysts Another analyst, Trader Tardigrade, recently pointed to a chart pattern that mirrors Dogecoin’s historic bull cycle. The analyst noted that the coin appears to be repeating the same sequence seen between 2014 and 2017, where the coin went through a long consolidation period, followed by a falling wedge formation and then a breakout. Related Reading: Are Meme Coins Like Dogecoin And Shiba Inu Still Worth Buying? During the previous cycle, DOGE rallied by an astonishing 29,000% after the pattern was completed. Trader Tardigrade believes the current market structure looks quite similar, raising expectations that another powerful move could be developing. Adding to the bullish outlook, Ali Martinez noted that Dogecoin recently reached his target price of $0.0883. He said the meme coin is now testing the lower boundary of its current trading channel, which could determine its next move.  As long as the coin remains above this support level, the analyst believes a recovery toward $0.1019 and possibly $0.1156 remains likely. At press time, the coin was valued at $0.08522, according to data from CoinMarketCap. Featured image from Pngtree, chart from Tradingview.com

A cryptocurrency analyst has pointed out how Dogecoin has returned to the support level of a Parallel Channel following the latest market decline. Dogecoin Is Potentially Following A Parallel Channel In a new post on X, analyst Ali Martinez has talked about how Dogecoin is currently trading with respect to a Parallel Channel. This type of technical analysis (TA) pattern forms whenever an asset moves between two parallel trendlines. Related Reading: Bitcoin Price Back At $63,000 Despite 1.2 Million BTC Absorption The upper level of the channel can act as a source of resistance, while the lower can provide support. Together, the trendlines keep the price locked between them. If either of these levels fails, then the price may see a continuation of the trend in the direction of the break. That is, a surge above the pattern can be a bullish signal, while a fall under it is a bearish one. Parallel Channels can be divided into a few different categories based on how the channel is oriented with respect to the graph axes. The “Ascending Channel” forms when the trendlines point up, while the “Descending Channel” involves a negative slope. In the context of the current topic, the third and simplest type is of interest: a Parallel Channel that’s parallel to the time-axis. This pattern corresponds to a phase of true sideways consolidation in the asset. Now, here is the chart shared by Martinez that shows the Parallel Channel that the daily Dogecoin price has been trading inside over the past few months: As displayed in the above graph, Dogecoin retested the upper level of the Parallel Channel in May, but ended up finding rejection. Since then, the memecoin has sharply moved down the width of the channel, reaching the bottom level. During this descent, the asset not only broke under the support of the midway level, but it also lost the 50-day moving average (MA). With DOGE now retesting the lowest trendline of the channel, it remains to be seen how the asset will develop in the coming days. “As long as this support holds, I think a recovery toward $0.1019 and $0.1156 remains likely,” noted the analyst. “A breakdown, however, could expose the next major supply zone near $0.067.” Related Reading: Bitcoin Traders Turn Most Fearful In 2 Months Following Crash While Dogecoin has still not broken out of its Parallel Channel, another altcoin, Cardano, has seen a different outcome. As Martinez has highlighted in another X post, the weekly ADA price has fallen under the support level of a long-term channel recently. Parallel Channel breakouts are often assumed to be of the same length as the width of the channel. Based on this, the analyst explained, “For Cardano $ADA, my targets are $0.11 and $0.051.” DOGE Price Following the latest continuation of the drawdown, Dogecoin has reached the $0.843 level. Featured image from Dall-E, chart from TradingView.com

In the 13 years that Dogecoin has been in existence, it has seen some interesting trends across various months. However, each month has had its fair share of greens and reds, but the month of June has mostly defied this. With Dogecoin mostly ending June in the red over the years, the odds of this repeating itself again are high, as this report takes a look at the numbers. June Is The Worst Month For Dogecoin Dogecoin’s historical performance in June has been nothing short of disappointing, with more red closes in a row than any other month in its history. Data from the CryptoRank website shows that in the last 12 years, the Dogecoin price has only ended the month of June in the green for only two years. Related Reading: Pundit Shares Why Most People Will Miss The XRP Run Interestingly, the first month of June of its existence ended in a double-digit loss of 21.4%. Subsequently, the next two years would see June close in the green, with 29.3% and 31.6% returns, respectively. However, that would be the end of any green closes for the month. Every year after 2016 has ended in the red, with no reprieve for Dogecoin holders. Following the red close of 2025, with losses of 14.2%, it marked nine consecutive years that the Dogecoin price has closed the month of June in the red. As a result of these red closes, the month of June is the most bearish month for the meme coin. CryptoRank data shows an average return of -7.29% for the month, the highest of all the months. Its median returns come out to -9.94%, second only to December’s -13.2% in this metric. If the historical trend is followed, then it could be another red month for the meme coin. So far, there have not been any indications that the price will see an upward reversal. According to Coinglass data, the Dogecoin trading volume is still low, continuing to fall in the new month. Related Reading: BNB Extended Price Target Says $780 Is Coming, But What About $1,000? This decline in the DOGE trading volume suggests that there is reduced participation from crypto investors. As the sentiment continues to wane, the price could follow, plunging it into the red territory. However, if there is a major rise in the Bitcoin price, then Dogecoin could follow and change this trend. Featured image from Dall.E, chart from TradingView.com

Dogecoin’s price action has been quiet for months, but technical analysis shows that this quiet period may be exactly why the meme coin is worth watching again. According to a crypto pundit known as CoinForge on X, Dogecoin is repeating the same playbook it followed in 2024, when a long descending triangle eventually gave way to a violent breakout rally. The attached chart compares both structures side by side, showing the 2024 pattern before its explosive rally and the current 2026 formation now at a similar technical point. Dogecoin Repeating Descending Triangle From 2024 Dogecoin has spent much of 2026 looking like a forgotten asset in a market where traders have been more focused on Bitcoin’s breakdowns, Ethereum’s weakness, and other popular cryptocurrencies, including XRP. However, technical analysis of the daily candlestick timeframe chart shows a structural parallel between the rally in late 2024 and the present moment. Related Reading: Analyst Reveals Why Bitcoin Price Must Crash To $42,000 First In 2024, Dogecoin formed a descending triangle, a pattern defined by a series of lower highs pressing down against a support floor. This descending triangle pattern played out between March 2024 and mid-September 2024, before eventually resolving closer to the end of the month. Dogecoin broke out of that descending triangle pattern in a move that led to a 300% rally, where the meme coin’s price eventually peaked at a multi-year high of $0.48 in December 2024. As shown in the chart below, the 2026 side of the chart has been following a similar compression phase, albeit at a longer timescale. Dogecoin has been moving under a descending resistance line since August 2024, and repeated attempts to push higher have been rejected.  However, the important point in the analysis is not that Dogecoin’s price action has already broken out of the triangle pattern, but that it appears to be tightening into the same kind of breakout zone before the 2024 surge. Dogecoin Price Chart. Source: @Realcoinforge On X Dogecoin Is About To Do Something Insane Now that it’s been determined that Dogecoin is about to form that same breakout phase, the analysis also shows projected upside movement if the 2026 pattern plays out like 2024. The dotted path on the current Dogecoin chart points to a breakout, a retest-like pause, and then a much larger rally that sees the Dogecoin price returning back to $0.5. “Don’t miss your second chance,” the analyst said. Related Reading: Has Bitcoin Bottomed At $60,000 To Return To $100,000, Or Is This Just The Start Of Another Crash? At the time of writing, Dogecoin is trading at $0.09377, down by 5% in the past 24 hours. The leading meme coin can’t seem to catch a break from sellers, as it is also down by a larger 16.6% over the past 30 days.  A breakout above the descending resistance line would be the first real sign that buyers are starting to regain control. That line now sits around $0.12, making it the immediate level Dogecoin needs to clear before the $0.12 to $0.15 range.  Featured image created with Dall.E, chart from Tradingview.com

A crypto analyst has presented a new bull case for Dogecoin (DOGE), sharing a long-term chart setup that he says mirrors the same pattern that led to the meme coin’s explosive rally in 2021. He also pointed to repeating sentiment shifts across market stages, where traders often doubt early moves before chasing prices at higher levels. Dogecoin Forecasted To Hit $2 Soon Market analyst Crypto Patel shared a new Dogecoin chart setup on X, projecting a potential rally toward $2 in this cycle. He based his bullish view on historical market patterns, with emphasis on the strong structure seen during Dogecoin’s 2021 bull run. Related Reading: Analyst Says This Dogecoin Chart Is Too Dangerous To Ignore – Here’s Why In that earlier cycle, Dogecoin climbed from a low of about $0.002 in 2020 to a peak above $0.72 in 2021. This move represented a gain of over 26,800%, marking one of the most aggressive rallies in meme coin history. Before reaching that ATH, the chart structure showed two major breakouts followed by successive upward legs marked as stages 3, 4, and 5. Based on this structure, Crypto Patel argued that Dogecoin’s current setup is closely mirroring the 2021 bull pattern. He noted that the meme coin has already gone through two breakout phases between 2023 and 2024, followed by a retest of key support levels within a broader accumulation zone. After that retest, Dogecoin recorded its next strong upward leg in 2025, labeled stage 3 on the chart. Since then, the meme coin’s price has been trading within a narrow range inside a descending channel. The chart also shows another retest to the previous accumulation area around the $0.11 level, which the analyst views as a second confirmation of support. Because of this structure, Crypto Patel believes that the next major move for Dogecoin could be a sharp rally toward $2. From current levels near $0.10, this would represent a potential gain of more than 2,700%. How Market Psychology Plays Into DOGE’s Run to $2 During his analysis, Crypto Patel also pointed to market sentiment and psychology that could influence price movements and trends ahead of Dogecoin’s potential run to $2. The analyst noted that at lower levels, such as $0.05, many traders would still dismiss Dogecoin as a dead coin.  Related Reading: Dogecoin Millionaires Are On The Move Again, Here’s What They’re Doing Now As the meme coin moves higher toward $0.25, Crypto Patel said some market watchers will still expect a price drop while they wait on the sidelines. Once Dogecoin reaches around $1, the analyst stated that Fear Of Missing Out (FOMO) will automatically return to the market, as investors try to catch gains. Finally, at his projected peak target worker $2, he noted that there will be the same pattern of regret from those who did not enter earlier, just like in past bull cycles.  Featured image from Getty Images, chart from Tradingview.com

As Dogecoin (DOGE)’s price attempts to hold a crucial support level, an analyst flagged potentially bullish technical setups that could set the stage for a major move in the coming months. Related Reading: BitMine Nears 4.5% Ethereum Supply Share Following $238M Buy Dogecoin Historical Setup Targets Massive Expansion On Wednesday, Dogecoin continued its sideways trajectory between the $0.100-$0.105 local range. The cryptocurrency has been trading within this area for the past four days, after recovering from its one-month low of $0.097 recorded on Saturday. Amid this performance, market observer Trader Tardigrade shared a bullish outlook for the cryptocurrency, analyzing DOGE’s chart on multiple timeframes. He pointed out a “textbook” falling wedge setup on the daily timeframe, which has been forming since early May. The analyst asserted that this pattern is “one of the most reliable bullish reversal patterns,” with the breakouts “almost always lead[ing] to explosive upside.” Dogecoin has been compressing inside this pattern for a couple of weeks, and it’s currently sitting near its apex, while also retesting the formation’s upper boundary. Based on this, the analyst suggested that DOGE is “coiled and ready” for a breakout and potential rally to at least the May highs. Trader Tardigrade also shared the memecoin’s monthly chart, affirming that “a massive surge is coming.” He asserted that Dogecoin appears to be repeating a setup that has previously led to explosive performances. According to the chart, the cryptocurrency is forming a new solid base structure, suggesting that a breakout and rally toward new highs could begin in the coming months. Notably, this structure previously formed ahead of the 2017 and 2021 all-time high (ATH) rallies. As the new multi-year base develops, the analyst stated that DOGE is in “the best accumulation period, adding that “every single time DOGE entered an accumulation zone, it consolidated sideways before exploding into a parabolic rally.” He asserted that this pattern has appeared in 2015-2017, 2019-2020, 2023-2024, and “always leads to an explosion.” DOGE’s Short-Term Fate On The Line In an X post, market watcher Ali Martinez affirmed that Dogecoin “looks ready for a deeper price correction.” As he noted, the cryptocurrency has been trading between $0.088 and $0.115 over the past three months, forming a parallel channel. During the April-May market rally, the leading memecoin was able to climb from the channel’s lower half toward its upper boundary, briefly breaking above this crucial resistance in mid-May before retracing. Following the latest rejection, the cryptocurrency dropped to the channel’s mid-range around $0.102, falling below this level during last week’s pullback. This area aligns with the 50-day Simple Moving Average (SMA), which has served as a key support during the recent market recovery. Related Reading: Bitcoin At A Crossroads: Two Key Levels Will Define BTC’s Next Major Move, Analyst Says Therefore, the analyst highlighted the importance of this level, asserting that if it holds, investors could expect a rebound toward the top of the channel. On the contrary, he warned that if Dogecoin falls below this level, a retest of the channel’s lower boundary would be likely. As of this writing, DOGE is trading at $0.101, a 2.4% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Dogecoin has drifted quietly around the $0.10 region for months, but a new monthly chart shared by market analyst @TATrader_Alan is now reviving comparisons to the structure that preceded the cryptocurrency’s explosive 2021 rally. The analyst points to a recurring triangle formation that has appeared before every major Dogecoin expansion cycle, with the current setup now approaching the same breakout zone that historically triggered aggressive upside momentum. Dogecoin Rally Setup Reappears The latest monthly chart shared by the analyst outlines a repeating formation that has surfaced across three different market cycles. In each case, Dogecoin spent months trading inside a narrowing triangle structure before erupting into a steep vertical advance. The first occurrence appeared ahead of the 2017 bull market, while the second developed before the massive 2021 breakout that delivered gains exceeding 30,000% from cycle lows. Related Reading: Pundit Points Out Major Mistake Being Made With The XRP Pricing On the chart, both previous formations followed nearly identical behavior. Price gradually compressed between descending resistance and rising support lines before eventually breaking upward with force. After the breakout, Dogecoin entered a rapid expansion phase marked by large green monthly candles and increased momentum. The current structure appears to mirror those earlier conditions almost point for point. Dogecoin has once again spent several years tightening inside converging trendlines, with price now positioned directly near the apex of the formation. According to the chart projection, this region historically marked the beginning of Dogecoin’s strongest advances. What makes the pattern notable is its long-term timeframe. Monthly structures often carry heavier technical significance because they reflect broader investor positioning and multi-year market behavior rather than short-lived volatility. Analysts tracking the setup believe the extended compression phase could increase the intensity of any eventual breakout move if historical behavior repeats. Monthly Breakout Signals Growing Momentum The timing of the formation is also attracting attention because Dogecoin continues to hold near the psychologically important $0.10 level on the monthly chart. Despite broader market fluctuations, the asset has maintained support around that range while gradually pressing against descending resistance that has capped price action since the previous cycle peak. Related Reading: Bitcoin Upper Trendline Resistance Is Holding Price Back, Can It Push It Below $60,000? Analyst Answers The analyst’s projection suggests the breakout zone has now been reached, echoing the positioning seen before earlier rallies took off. On the chart, projected purple candles indicate a possible expansion phase that could push Dogecoin toward levels not seen since the height of the previous bull market. Beyond the technical structure itself, market participants are also watching growing institutional involvement across the digital asset sector. Speculation surrounding crypto-based exchange-traded products, renewed meme coin activity, and increased retail participation have all contributed to improving sentiment around Dogecoin in recent months. While the chart does not guarantee another parabolic rally, the similarity between the current structure and the formations that preceded previous rallies has become difficult for traders to ignore. With Dogecoin now sitting at another critical monthly inflection point, analysts believe the coming months could determine whether the meme coin could see yet another historic rally. Featured image created with Dall.E, chart from Tradingview.com

Dogecoin’s rejection from the top of its multi-week channel has raised fears of a deeper correction. After losing momentum near resistance, DOGE is now testing the crucial $0.1020 support zone, where bulls must step in to prevent increased downside pressure.  DOGE Pulls Back Toward Key Mid-Channel Support Dogecoin has recently experienced a notable price adjustment following a test of its upper channel boundary. Crypto analyst Ali Charts notes that the asset has retraced to the $0.1020 level, a cooling-off period that provides a clearer view of the market’s current structural integrity after testing overhead resistance. Related Reading: Dogecoin Millionaires Are On The Move Again, Here’s What They’re Doing Now Furthermore, this specific price point is technically significant, acting as a critical junction for the asset. The $0.1020 level aligns precisely with both the midpoint of DOGE’s multi-week trading channel and the influential 50-day Simple Moving Average (SMA), creating a strong area of technical confluence that market participants are watching intently. If buyers can successfully hold this support, the current setup favors a constructive recovery, with the price potentially aiming to reclaim lost ground and return to the upper channel resistance situated at $0.1156. Conversely, a failure to defend this support could signal a tactical dip, potentially serving as a mechanism to flush out overleveraged positions before further movement. In such a scenario, the market focus would immediately shift toward the lower boundary of the channel at $0.0883, which stands as the next significant area of interest for traders anticipating deeper volatility. Dogecoin Retraces After Upside Liquidity Sweep Trading Different highlights that Dogecoin is currently undergoing a retracement following a recent sweep of a liquidity zone to the upside. This downward move suggests that the market is attempting to stabilize, with price action currently engaged in a search for a reliable support foundation. Related Reading: Dogecoin Breaks Out Strong: Bullish Structure Aligns For More Upside To the upside, the most significant liquidity pool is firmly anchored at $0.10445. This area represents a solid cluster of accumulated orders; however, as the price continues to lose ground, this target is drifting further out of reach. Consequently, the barrier to a bullish reversal is increasing, making this level an increasingly challenging objective for the bulls to reach in the short term without a substantial shift in market sentiment. Looking toward the downside, substantial liquidity is concentrated at $0.10040. With bearish pressure currently dominating the market landscape and the distance to this zone remaining minimal, the technical setup suggests a high probability that this level will be swept in the immediate future. Traders are likely to closely monitor this specific pocket, as it serves as a critical magnet for the current price decline. Featured image from Getty Images, chart from Tradingview.com

A crypto analyst has pointed out how Dogecoin might have to hold above $0.1020 to avoid a retest of a Parallel Channel’s lower level. Dogecoin Could Be Following A Parallel Channel In a new post on X, analyst Ali Martinez has talked about a support region that Dogecoin is retesting right now. The region in question includes two lines: a simple moving average (SMA) of the daily spot price and the middle level of a Parallel Channel. Related Reading: Bitcoin Sell Pressure Rising? Binance Inflows Hit 10-Day Streak A Parallel Channel is a pattern from technical analysis (TA) that appears whenever an asset trades between two parallel trendlines. Such channels can be of a few different types depending upon how the trendlines are oriented with respect to the graph axes, but in the context of the current topic, the simplest variant is of interest: one that has its channel parallel to the time-axis. The upper level of a Parallel Channel is assumed to be a source of resistance for the price. Similarly, the lower level can act as a support cushion. As the price trades between these trendlines, it experiences a phase of true sideways movement. When a break occurs past either trendline, the cryptocurrency may experience a sustained move in that direction. That is, a surge above the resistance level can be a bullish sign, while a drop under support a bearish one. Now, here is the chart shared by Martinez that shows the Parallel Channel that the 1-day price of Dogecoin has potentially been trading inside over the last few months: As displayed in the above graph, Dogecoin retested the upper level of this Parallel Channel earlier in the month and found rejection. Since then, the memecoin has retraced back to the middle level of the channel, sitting halfway through the length of the channel. This line, located around $0.1020, could end up being a potential center of support for DOGE. Interestingly, the Parallel Channel’s middle level isn’t all that’s situated at this level. From the chart, it’s visible that the 50-day SMA of the asset’s spot price also intersects here. “This alignment makes $0.1020 a prime level to watch,” noted the analyst. Considering the setup, it now remains to be seen how Dogecoin’s retest of the region will play out. “If the buyers defend it, we can expect a rebound toward the top of the channel at $0.1156,” said Martinez. “However, if DOGE dips below this level to flush out late leverage, I’m watching the channel’s lower boundary at $0.0883.” Related Reading: Bitcoin Bull Run ‘Not There Yet,’ Warns CryptoQuant Founder The upper level of $0.1156 is currently 13% above the DOGE spot price, while the support boundary of $0.0883 is 13% below. DOGE Price Dogecoin has dropped to the $0.1022 mark following its recent price action. Featured image from Dall-E, chart from TradingView.com

Dogecoin’s price action looks bare on the surface, but the wallets that often matter most are making interesting moves. Notably, on-chain data shows that large DOGE holders have returned to accumulation at a time when the meme coin is trading below its most important technical price zones of the year. Dogecoin Whales Are Buying Into Weakness DOGE has spent much of 2026 under pressure, with rallies repeatedly struggling to turn into upside above $0.10. That has made whale behavior more important because large holders tend to accumulate during periods when smaller traders are either selling, waiting, or losing interest. Related Reading: Dogecoin Adoption Is Back In The Cards, But Why Is DOGE Price Still Crashing? On-chain data tracked by crypto analyst Ali Martinez and sourced from Santiment shows that large DOGE holders purchased more than 525 million tokens in a 96-hour window. At the time the accumulation was recorded, Dogecoin’s price action was locked in a tight squeeze directly below the 200-day moving average, a long-term trend line currently around $0.12. For context, that level has acted as a ceiling for most of 2026. Interestingly, the 525 million DOGE purchase reported by Ali Martinez is especially notable because it happened within only four days. This shows that large wallets were actively absorbing supply during a compressed trading window. This kind of buying can reduce immediate sell pressure on Dogecoin.  Another interesting thing is that the large wallet inflows do not appear to be coming from Spot Dogecoin ETFs. These funds have recorded only $860,960 in inflows over the past week, a relatively small figure compared to the whale accumulation. Based on Dogecoin’s current price, the 525 million DOGE bought by large holders is worth more than $52 million. The 200-Day Moving Average DOGE Must Beat The main technical issue for Dogecoin is the 200-day moving average. At the time of writing, Dogecoin’s 200-day MA is at $0.12. Dogecoin is also trading at $0.1025, which places it just 15% below the moving average. Related Reading: How To Time The Dogecoin Bottom And When The Price Will Reach $2 A Dogecoin price breakout above the 200-day moving average would give bulls their first major technical confirmation in months. It would show that the whale accumulation is starting to affect the chart, and it could also force short-term traders to reassess Dogecoin’s position. According to a crypto analyst that goes by the name Cryptollica on X, Dogecoin is now facing a kind of opportunity that has appeared only a handful of times in the last 12 years, pointing to previous cycle bottoms in 2015, 2020, and 2022. In each case, DOGE spent a long period looking inactive. As it stands, the Dogecoin Cycle Score has dropped back to the rebuild zone, which is a level that has always appeared when attention to the meme coin is very low. All that needs to happen now is for Dogecoin to break above the 200 MA, and a rally could start to make sense. Featured image from Pixabay, chart from Tradingview.com

Dogecoin is once again drawing attention as its current market structure begins to resemble the early stages of previous mega bull runs. After reclaiming key support and forming a familiar consolidation pattern, analysts believe DOGE may be positioning for another powerful breakout, raising speculation that a new parabolic rally.  Dogecoin Repeats Bullish Fake-Breakdown Pattern Seen In Previous Cycles According to crypto analyst Trader Tardigrade, Dogecoin has just successfully reclaimed its critical support level following a fake breakdown, a technical event that carries significant bullish weight. This specific maneuver, where the price dips below a vital floor only to quickly recover, has historically preceded explosive market rallies. Related Reading: Dogecoin Could Be Setting Up For High-Beta Rally After Final Shakeout The historical precedent for this pattern is striking. Twice before, Dogecoin has exhibited this exact behavior, each time serving as the precursor to parabolic growth. In 2017, the asset staged a breakdown before reclaiming support, triggering an impressive 29,000% rally, followed by a similar 16,000% surge in 2020 after a near-identical move. Now, in 2026, the charts are repeating this signature setup, as DOGE has successfully defended and reclaimed the same key support zone. This structural alignment suggests that the market is currently mirroring the foundations that preceded the largest historical moves for the meme coin. Given this repetition, anticipation is building regarding whether a new cycle of immense growth is underway. While historical patterns do not guarantee future performance, the consistency of this fake breakdown and reclaim setup remains one of the most closely watched indicators in Dogecoin’s history. Reclaiming Critical Support After Major Fake Breakdown  As its price action wanes, Nehal has highlighted that Dogecoin is currently mirroring the structural evolution seen following the August 2024 bottom. During that previous cycle, the asset printed four consecutive strong bullish weekly candles, followed by two weeks of red consolidation before initiating a major breakout rally. Related Reading: Dogecoin Recovery Push Continues, But Bears Still Threaten One Final Drop The current price action is exhibiting a virtually identical rhythm. Since the February 2026 low, DOGE has again recorded four consecutive bullish weekly closes and is currently navigating its second week of red consolidation.  Moving forward, the expert identifies two primary scenarios that favor the bulls. Firstly, the price could either close the current week red near the open before resuming its upward trajectory, or it could flip green immediately to accelerate beyond expectations. In both cases, the fundamental bias remains geared toward continued upside momentum. This setup suggests that current price action is moving beyond mere speculation and into a phase of genuine structural alignment. As the recovery structure and market behavior mirror previous bullish cycles, the return of early market FOMO indicates that the asset may be preparing for a significant move. Featured image from Getty Images, chart from Tradingview.com

Revolut just handed Dogecoin its most mainstream moment in years. The move gives Dogecoin something it has often struggled to hold for long periods, which is a real-world payment story that extends beyond social media hype. However, this is yet to translate into bullish price action for Dogecoin, which is still trading close to the $0.10 region. Revolut Brings Dogecoin Back Into The Payments Conversation Dogecoin has found its way back into the adoption conversation after Revolut launched a physical DOGE-themed crypto debit card across the UK and most of the European Economic Area.  Related Reading: How To Time The Dogecoin Bottom And When The Price Will Reach $2 The card was described by the fintech company as its first physical crypto debit card, featuring a Dogecoin design and an LED display that lights up when users make contactless payments. The rollout is initially available in the UK and most EEA markets, although Hungary, Switzerland, and Portugal are excluded from the first phase. The card can be used anywhere Visa and Mastercard are accepted, which is where Dogecoin’s adoption for payments comes into play. Users link the card directly to their Dogecoin holdings within the app, and when a purchase is made, the platform automatically converts the required amount of DOGE into the local currency at real-time exchange rates, with no additional conversion fees applied at the point of sale. However, this creates a condition where merchants receive local currency instead of DOGE. Revolut serves over 70 million users globally and has been pushing into the crypto industry. Revolut is also deepening its regulatory standing, and the company recently received its full UK banking license in March 2026. Why DOGE Price Is Still Struggling The adoption of Dogecoin exists in parallel to suppressed price action. Revolut’s card is the most visible element of a change that the DOGE price chart has largely ignored. Related Reading: Dogecoin Has Now Entered Oversold Levels That Has Led To Previous Cycle Bottoms At the time of writing, Dogecoin is trading at $0.106, down approximately 8.5% from $0.115 recorded just last week. A more immediate factor for the most recent decline came on May 18, when geopolitical tension caused by a US presidential warning to Iran led to a move that sent Bitcoin below $77,000 and pulled the broader crypto market lower, with Dogecoin among the casualties. The problem for Dogecoin is that adoption headlines do not always create immediate buying pressure. The longer-term picture is more revealing. Dogecoin hit $0.48 in December 2024 and $0.29 in September 2025, and has since fallen back to the $0.109 to $0.115 range in the past two months, a drawdown of about 75% from its cycle peak, with no convincing recovery in sight. Spot Dogecoin ETFs have also not done much to help, with the early excitement around the products failing to translate into buying pressure for the meme coin. The ETFs were expected to give institutional and traditional market investors easier exposure to Dogecoin, but inflows have been modest compared to other crypto ETF products. At the time of writing, Spot Dogecoin ETFs have only attracted $11.78 million in total net inflow since launch. Featured image from iStock, chart from Tradingview.com

Dogecoin continues to attract attention as market analysts suggest the meme coin could be entering the final stage of its consolidation phase before a stronger breakout attempt emerges. While short-term volatility and liquidity sweeps still threaten downside pressure, the broader setup is beginning to resemble the kind of high-beta structure that has historically fueled explosive DOGE rallies during periods of renewed market optimism.  Historical Breakout Behavior In Dogecoin Cycles Crypto analyst APCL explained that Dogecoin may be entering a critical cleanup phase following the fill of the $0.08904 wick formed on October 10. DOGE often behaves differently from many other altcoins during breakout attempts, revisiting the origin of the move with a sharp liquidity sweep before beginning its stronger directional rally. Related Reading: Dogecoin Has Now Entered Oversold Levels That Have Led To Previous Cycle Bottoms APCL noted that Dogecoin’s historical price behavior rarely involves immediate vertical breakouts. Instead, the asset tends to produce a downward wick that retests the breakout base and clears out weaker positions before momentum shifts higher. Based on this pattern, the analyst believes the market could be approaching that final liquidity-clearing stage before a larger move develops. On the macro side, APCL shared the view that former Federal Reserve official Kevin Warsh could eventually replace Jerome Powell. The analyst argued that such a shift, combined with easing geopolitical tensions and policies aligned with Donald Trump, might temporarily trigger a broader risk-on environment across financial markets. However, APCL cautioned that the rally may only form a lower high before another consolidation phase takes place. According to the analyst, DOGE remains one of the preferred assets for capitalizing on any temporary momentum-driven rally because of its strong visibility in the United States due to Elon Musk. Furthermore, Dogecoin’s active narrative and high-beta nature often allow it to outperform during short-term speculative waves. Dogecoin Setup Focuses On Patience, Precision, And Risk Control APCL has outlined a detailed trading plan for Dogecoin, identifying the $0.09255 and $0.10099 region as the primary spot buy zone. Here, traders are presented with two different ways. The first approach involves gradually building a position through staggered limit orders within the highlighted accumulation zone while monitoring price consolidation.  Related Reading: Dogecoin Recovery Push Continues, But Bears Still Threaten One Final Drop The second method, which APCL described as the more disciplined setup, involves waiting for confirmation of a potential triple-bottom formation before entering, offering a potentially stronger risk-to-reward opportunity. For traders seeking a more precise entry point, $0.09924 is the key reference level to monitor closely.  Once the expected upward move begins, profit-taking should be handled gradually. Instead of holding the entire position until the last stage of the rally, APCL recommended scaling out of trades step-by-step at predefined target levels shown on the chart. Meanwhile, the analyst maintained a strict invalidation level at $0.08789, stressing that a breakdown below that support would completely invalidate the bullish thesis and close positions while a new setup develops. Featured image from Peakpx, chart from Tradingview.com

Dogecoin’s next major move may depend less on hype and more on exhaustion. A new technical analysis from crypto analyst Cryptollica proposes that the leading meme coin is now trading at another cycle-bottom zone, and the weekly chart is showing the same kind of RSI washout and long compression that previously appeared before notable Dogecoin rallies. Dogecoin’s Fourth Cycle Bottom Comes Into View Dogecoin has spent the better part of the past year being written off. Sentiment has collapsed, price has compressed, and the crowd that once celebrated the meme coin has gone silent. However, a structure that has correctly identified every major Dogecoin bottom since 2015 is saying this is precisely the moment worth watching. Related Reading: Dogecoin Has Now Entered Oversold Levels That Has Led To Previous Cycle Bottoms This structure analysis in question is built around the idea that Dogecoin’s chart is not only a price chart but also a record of market cycle psychology. According to analyst Cryptollica, the 2015 bottom was a period of disbelief, the 2020 bottom was boredom, and the 2022 bottom was anger. This makes the current setup the fourth cycle bottom, where sentiment appears exhausted while the bullish structure is resetting. The weekly chart shared by the analyst shows Dogecoin moving along a long-term rising support structure, with each major low forming during a period when the weekly RSI dropped into or near oversold territory. Interestingly, the latest RSI reading shown on the chart shows the Dogecoin price bouncing from that RSI in early 2026 and slowly trending upwards.  Where The Structure Says The Bottom Is Dogecoin is currently looking like it is registering a bottom around $0.10. However, the most important point in this analysis is that timing the Dogecoin bottom is not confirmed by price alone. Timing the Dogecoin bottom comes from a combination of three things: an oversold weekly RSI, long compression, and price holding around the cycle support zone. Related Reading: Dogecoin Has Only 3 Steps Left Until A Surge Above $1, But A Major Factor Is Missing The first signal is already visible in the chart. Dogecoin’s weekly RSI has fallen into the same region as previous cycle lows. The second signal is compression. Dogecoin has spent months grinding through a wide base around $0.10 instead of moving in a clean upward trend. That may look weak on the surface, but in cycle analysis, extended compression often means sellers are losing control gradually. The third signal is confirmation. In order for the bottom argument to become stronger, Dogecoin would need to hold the current support region at $0.10 and begin forming higher lows on the weekly chart. A move back above the nearest major resistance zones at $0.15 and $0.2 would add more weight to the claim that the cycle bottom has been made. That means $0.10 is now one of the most important areas for the Dogecoin price. If the fourth cycle bottom is confirmed, then the question changes from where Dogecoin is now to how it has rallied from similar structural positions. Cryptollica’s analysis points to a top target above $2. At the time of writing, Dogecoin is trading at $0.104, back to retesting $0.10 from an intraday high of $0.1126. Featured image from Getty Images, chart from Tradingview.com

Doggy-themed meme coin Dogecoin (DOGE) has once again slipped into oversold territory, as rising volatility and weak price action continue to drive investors toward the exit. While this may seem bearish on the surface, analysts note that this oversold region has historically preceded Dogecoin’s cycle bottoms. They predict that once a price floor is established, it could signal the end of the meme coin’s prolonged downtrend and potentially pave the way for a fresh bullish trend.  Dogecoin Oversold Level Signals Incoming Bottom Selling pressure has been building steadily for Dogecoin, with broader bearish sentiment weighing heavily on the meme coin’s short-term outlook. Adding to the concern, market expert Cryptollica revealed in an X post on May 12 that Dogecoin has officially entered oversold regions on the weekly Relative Strength Index (RSI).  Related Reading: Dogecoin Price Set To Hit $5 Amid New Influx From Smart Money? What makes this development particularly interesting is just how rare it occurs. According to the analyst, a return to the weekly RSI oversold zone has only occurred four times in 12 years. Moreover, he added that each time this happens, Dogecoin has reached a final price bottom, completely resetting its market.  Sharing a chart, Cryptollica noted that during the 2015 cycle, DOGE entered oversold territory on the weekly RSI and found a cycle bottom right after. Similarly, in 2020, the cryptocurrency did the same, recording a price floor during the COVID-19 crypto market crash. Later in 2022, a year after the historic 2021 bull market, Dogecoin also entered oversold territory and formed its third cycle bottom.  Now in 2026, Cryptollica believes that the meme coin has repeated the same historical trend. His accompanying chart shows that Dogecoin has formed a cycle bottom around the $0.10 range as its price navigates oversold levels.  During the past cycles, the analyst noted that the market was saturated with various negative emotions, including fear, anger, and disbelief, as investors lost confidence and sold their coins. He said that the crowd wrote off Dogecoin as a dead coin when it entered this bearish phase. However, to him, this phase was a “rare cycle-location signal” that could fuel a fresh bull rally. Based on this view, the analyst has projected a bullish target of $5 on his chart once Dogecoin confirms its anticipated market bottom. A move to that level would represent a gain of roughly 4,900% from current levels around $0.115. Oversold DOGE Zone Reveals Major Buying Opportunity In another post, Cryptollica said Dogecoin is offering a rare buying opportunity after entering its rare oversold territory that has only appeared a few times. The analyst stated that most people will miss this opportunity because the best cycle signals arrive when the chart looks dead, not when the crowd is excited. Related Reading: Dogecoin Trap Shows A Major Crash, But How Low Will The Price Go? The analyst noted that each time this oversold zone emerged, the market was not paying attention. In 2015, investors ignored Dogecoin, and then they feared it during the 2020 crash. Moreover, the market entered a state of exhaustion when the zone reappeared in 2022, and now, in 2026, it presents the exact same rare signal. Featured image from Getty Images, chart from Tradingview.com

Dogecoin continues to show signs of recovery as bulls gradually push prices higher from recent lows. However, despite the improving momentum, the broader market structure still suggests caution, with bears attempting to keep the rally contained below key resistance levels.  Building Momentum Ahead Of Potential Breakout Dogecoin is still climbing gradually, and crypto market commentator Caligh believes that slow buildup phases like this often come before explosive rallies. Traders who have been in the market for years understand how quickly DOGE can accelerate once momentum truly kicks in, turning quiet accumulation into aggressive upside expansion. Related Reading: Dogecoin (DOGE) Breaks Away From Pack As Momentum Turns Aggressive According to Caligh, DOGE is more than just another meme coin; it has historically acted as a signal that liquidity is flowing back into the altcoin market. Since Ethereum lost part of its dominance after the 2021 cycle, strong Dogecoin rallies have repeatedly coincided with renewed speculative appetite across the altcoin market. Caligh also highlighted that the current consolidation phase can feel exhausting for traders because the market often moves slowly before a breakout finally arrives. However, these drawn-out periods of patience and uncertainty are usually what create the foundation for larger price expansions later on.  For traders looking ahead, Caligh stressed the importance of positioning early rather than chasing moves after the market has already surged. Waiting patiently during accumulation phases may offer stronger opportunities than entering after fear of missing out takes over and the broader altcoin market begins moving aggressively higher. Dogecoin Recovery Rally Remains Corrective For Now Crypto analyst MCO Global explained that Dogecoin is still moving higher within what appears to be a corrective recovery pattern. Although the meme coin has managed to rebound from recent lows, the rally has not yet formed a convincing five-wave impulsive move, keeping the broader outlook cautious for now. Related Reading: Dogecoin Breaks Out Strong: Bullish Structure Aligns For More Upside According to the analyst, several key resistance levels are now coming into focus. The first major barrier stands at $0.118, followed by $0.133, which also aligns with the 38.2% Fibonacci retracement level. If bullish momentum strengthens beyond these zones, the next upside targets are projected to be around $0.156 and $0.183. On the downside, MCO Global identified $0.105 and $0.089. Holding above these levels may help sustain the current rebound structure; however, a break below them could significantly weaken short-term momentum. Despite the recent upward movement, the analyst noted that the broader chart structure still leaves room for another larger fifth-wave decline to the $0.058 to $0.047 range over time. A strong impulsive breakout above resistance levels would be needed to invalidate the bearish outlook and confirm a more convincing trend reversal. Featured image from Unsplash, chart from Tradingview.com

Dogecoin has seen a Tom Demark (TD) Sequential sell signal on its 3-day chart, a potential sign that the memecoin could see a bearish reversal. TD Sequential Has Formed A Sell Setup For Dogecoin As highlighted by analyst Ali Martinez in an X post, the TD Sequential has just flashed a signal for Dogecoin’s 3-day price. The TD Sequential here refers to an indicator from technical analysis (TA) that’s generally used for pinpointing locations of probable turnaround in a given asset’s price. It involves two phases. Related Reading: Ethereum Open Interest Rises While Price Pulls Back: Short Squeeze Setup? In the first of these phases, called the setup, candles of the same color are counted up to nine. These candles may or may not be consecutive. Once the candles are in, the indicator prints a reversal signal for the asset. If the trajectory involved in the completion of the setup was a net uptrend, the TD Sequential gives a sell signal. On the other hand, nine red candles suggest a potential bullish turnaround for the price. After the setup is over, the second phase, known as the countdown, picks off. The countdown works much in the same way, with the only difference being that it lasts for thirteen candles. Following these thirteen candles, the asset may be considered to have arrived at another reversal point. The TD Sequential has completed the first type of phase for Dogecoin recently. Below is the 3-day chart of the memecoin shared by Martinez that shows this signal. As is visible above, Dogecoin has seen the completion of a TD Sequential setup alongside the price recovery since mid-April. As this setup has involved nine green candles, the signal may be a bearish one. In other words, a price correction could now end up following for DOGE. Only time will tell, however, whether the TD Sequential signal will hold for the memecoin. Dogecoin isn’t the only top altcoin that has observed a TD Sequential signal recently. As the analyst has pointed out in another X post, Solana has also witnessed the completion of the indicator’s setup phase. The signal is also a sell one for SOL, but unlike for DOGE, it has come on a shorter timeframe: 1-day. This TD Sequential setup is a result of the recovery surge that the coin has witnessed in May. Related Reading: Bitcoin Cycle Indicator Turns Green For First Time In Years: Early Bull Or Local Top? Since the signal has appeared, Solana has declined by more than 6%, a possible sign that the bearish reversal may already be in action. DOGE Price Dogecoin has taken to consolidation over the last few days as its price is still floating around $0.11. Featured image from Dall-E, chart from TradingView.com

A crypto analyst has set multiple bullish price targets for Dogecoin (DOGE), predicting a strong, sustainable rally to the highly anticipated $1 milestone. The analyst has shared technical chart patterns to back his optimistic forecast. However, he still believes that a critical catalyst is needed to propel Dogecoin to these higher levels. His analysis shows how the DOGE price will climb to each target until it crosses $1.     Dogecoin Rally To $1 Contingent On Elon Musk As Catalyst Crypto analyst Celal Kucuker has laid out seven bullish price targets for Dogecoin on X, with his outlook depending significantly on billionaire investor Elon Musk serving as a key catalyst for a major rally.  Related Reading: Dogecoin Price Set To Hit $5 Amid New Influx From Smart Money? Kucuker’s confidence in Musk as a driver is based on past incidents between Dogecoin and the Tesla CEO. Musk has a well-known track record of moving the meme coin’s price with little more than a tweet or public endorsement. From referring to DOGE as “the people’s crypto” to changing his X profile to Dogecoin-related images, Musk’s past interactions with the meme coin have triggered some of its most explosive price surges. At the same time, Kucuker anchors his projections in what he describes as a “very clean chart,” which traces a descending channel that has been guiding Dogecoin’s price action since its peak earlier in 2025. Within this channel, DOGE has been moving in a consistent zigzag pattern, grinding sideways while hitting the channel’s upper and lower boundaries. The channel reveals a consistent, recurring pattern in Dogecoin’s price. Each time the meme coin has risen to touch the upper boundary of the descending channel, it has formed a local high before pulling back. The first touch led to a local top of around $0.517, and the second produced a lower high of roughly $0.315. Based on this recurring trend, Kucuker believes that Dogecoin is preparing to touch this upper boundary a third time, potentially leading to a lower high at $0.204. Once that happens, the analyst expects a pullback toward $0.09.  At this bottom point, Dogecoin is likely forming a strong base for its next upward move. Kucuker predicts that once this potential rally begins, Dogecoin’s price will officially break free from its multi-year descending channel and begin its ascent toward its ultimate top around $1.61.  However, before reaching that target, the analyst noted that Dogecoin will have to cross several resistance and support levels. He marked them at $0.50, $0.12, $0.30, $0.08, $0.20, $0.010, and finally $1.60. Each of these levels represents critical checkpoints where price could rise sharply toward or reverse its advance before the next leg up begins.  Analyst Reveals Best Time To Buy DOGE Before A $12 Run Market expert Mikybullcrypto has shared the ideal time for investors and traders to reenter the Dogecoin market. According to the analyst, the best time to build positions in the meme coin is around the $0.10, where DOGE is currently trading Related Reading: Dogecoin Has Entered The Zone That Led To The 2021 26,000% Surge And The Target Is Above $2 The reason the analyst has marked this area as a key buy zone is because he believes that a strong bullish rally to $12 is imminent. His chart shows an ascending trend that has been forming since 2014, with trendlines pointing toward upper targets between $0.5 and $50 for Dogecoin.  Featured image from iStock, chart from Tradingview.com

Dogecoin is facing a confusing technical setup as technical analysis warns of a major higher-timeframe move that could first send DOGE into a deeper accumulation zone. The chart appears bearish at first glance, but the inverted price scale changes the reading, turning the projected drop into a longer-term bullish setup that points to $1, $2, and eventually $5. Dogecoin Is Approaching Its Smart Money Zone Technical analysis done by a crypto analyst known as Crypto Patel is built around the idea that Dogecoin may still need to push lower before its larger upside cycle begins. Crypto Patel’s 3-week DOGE/USD chart on TradingView covers over a decade, from 2014 to a projected 2028, and it shows repetitive price action. The key detail, however, is that the chart is inverted for emphasis, meaning the bearish-looking projection actually points to a bullish long-term move. Related Reading: Dogecoin Has Entered The Zone That Led To The 2021 26,000% Surge And The Target Is Above $2 The chart shows Dogecoin inside a descending channel that has guided the price for years. The first major phase began with a rejection at the upper trendline before the 2017 cycle, followed by a large move that eventually gave way to another long correction. A second major base formed around early 2021, which later led to Dogecoin’s explosive run during the last meme coin mania. Crypto Patel appears to be comparing the current structure to those earlier phases. The third setup on the chart is developing right now, where Dogecoin looks like it is rejecting at the upper trendline of the descending channel. What’s Next For Dogecoin? The marked rejection zone around the current area shows that the Dogecoin price could still revisit as low as $0.07 in the accumulation range for a bottom before a strong higher-timeframe reversal. According to Crypto Patel, retail traders will sell the bottom, but smart money traders are already setting alerts. Related Reading: Dogecoin Inverted Scale Shows A Sharp Drop, But Something Is Interesting About This Chart Interestingly, on-chain data support this notion of smart money movements and whales that are accumulating Dogecoin. Recent on-chain data in early May shows that Dogecoin whales recently recorded their busiest day in six months, and most of this activity is accumulation moves. If Dogecoin breaks below the current range without strong spot demand, the move could still drag the price deeper into Crypto Patel’s $0.10 to $0.07 accumulation band. However, the projection shows the Dogecoin price reversing around the accumulation band and embarking on a rally, with the analyst pointing at $1, $2, and $5 targets. Crypto Patel’s $1, $2, and $5 targets are very bullish, especially because Dogecoin is down by 85% from its 2021 all-time high of $0.7316. At the time of writing, Dogecoin is trading at $0.109. The first major checkpoint would be confirming daily and weekly closes above $0.10, reclaiming higher resistance levels around $0.15 to $0.20, and confirming that the current structure has moved out of a long corrective phase. Featured image from Getty Images, chart from Tradingview.com

Dogecoin has surged out of its recent consolidation with a decisive breakout, signaling a shift in market momentum. With key levels now flipped and holding as support, the setup points toward the potential for continued upside as buyers remain firmly in control.  DOGE Breaks Out As Compression Resolves Upward In a recent technical assessment, Zero Ika highlighted that Dogecoin’s long-standing price compression has finally been resolved to the upside. This shift was marked by a decisive breakout above the asset’s internal market structure. By clearing these key technical hurdles, the meme coin has transitioned out of its restrictive range, setting the stage for a new phase of price discovery. Related Reading: Dogecoin Surges 11%: Is This Parallel Channel Resistance Next? The recent breakout effectively melted through previous internal supply zones, which had historically acted as resistance. From a technical perspective, this breached supply area has now become a potential support level, providing a valid foundation for trend continuation. Future trading opportunities may arise from a potential local pullback in Bitcoin, provided that market conditions are evaluated in real-time. Zero Ika considers a long position with a modest position size, utilizing the Value Area High (VAH) as a form of coverage or protective floor. The primary objective for such a trade would be the higher-time-frame (HTF) unmitigated supply, which serves as the first major test of the current market structure. From a strategic preference, the analyst indicated a desire for a higher-time-frame Internal Value Buildup (IVB) model to develop and strengthen the setup. However, if Dogecoin continues its aggressive ascent, the identified flip zone is expected to provide the necessary bounce. If the price reaches the target supply before hitting the entry level, the trade may be skipped or reconsidered based on emerging price action. Dogecoin Maintains Strong Uptrend On 4H Chart According to a recent 4-hour Ichimoku update by Trader Tardigrade, Dogecoin is exhibiting a powerful uptrend. The price action consistently tracks above the Kumo (cloud), serving as a primary indicator of a sustained bullish environment, which suggests that the overall market sentiment for the asset remains firmly positive. Related Reading: Dogecoin Breakout Mirrors Past Trend — Bigger Move Coming? A key feature of this current move is the clean alignment between the price and the Tenkan-sen and Kijun-sen momentum lines. Dogecoin has been following these indicators higher, reflecting healthy trend-following behavior. The effectiveness of this technical approach was demonstrated through two high-precision long setups captured during the rally.  The first opportunity arose from a successful Kumo retest, resulting in a 26% gain, followed by a Kumo breakout combined with a bullish PK cross, which yielded an additional 23% return. These setups highlight the importance of waiting for confluence between momentum and structural support. These results underscore the value of using disciplined, high-probability setups to navigate volatile markets. Featured image from Getty Images, chart from Tradingview.com

On-chain data shows the Dogecoin whale supply has noted an uptick recently, a sign that big-money accumulation interest in the memecoin has gone up. Dogecoin Whales Have Bought 160 Million DOGE In Just 96 Hours As highlighted by analyst Ali Martinez in an X post, the Dogecoin whales have participated in net buying recently. “Whales” here refer to the large investors of the cryptocurrency holding a significant number of tokens in their wallet balance. Related Reading: Bitcoin DATs Capitulate—Could This Rare Signal Mark A Bottom? Thanks to their large holdings, this cohort can carry some degree of influence in the market. As such, its behavior can often be worth keeping an eye on. Even if it may not directly impact the asset’s price, it can still contain hints about the sentiment among these humongous entities. Now, here is the chart shared by Martinez that shows the recent trend in the supply of the Dogecoin whales: As displayed in the above graph, the Dogecoin whale supply has observed a jump recently. In total, the whales loaded up on 160 million DOGE (worth about $17.7 million) inside a 96-hour window during this accumulation spree. The buying from the whales has interestingly come after a significant price surge. While the amount involved hasn’t been too large, the fact that the group’s supply has trended up on the net can still naturally be a positive sign for the memecoin as it means that these large investors haven’t taken to profit-taking yet. Though, the indicator could still be to monitor for shifts in whale behavior in the coming days as it doesn’t tend to take much for Dogecoin market sentiment to flip. In some other news, Dogecoin has been making its way up a possible Parallel Channel, as pointed out by Martinez in another X post. A Parallel Channel is a technical analysis (TA) pattern that forms whenever an asset trades between two parallel trendlines. Parallel Channels can be classified into a few different types based on the orientation of the channel with respect to the graph axes, but in the context of the current discussion, the simplest Parallel Channel is of interest: one with trendlines parallel to the time-axis. From the chart, it’s visible that the 12-hour price of Dogecoin may  have been following such a pattern during the last couple of months. Earlier, the memecoin had been stuck in the lower half of the channel, with the midline at $0.1018 proving to be a resistance barrier. The recent price surge has meant, however, that the asset has broken out into the upper half. Related Reading: Bitcoin Rejected At Key Cost Basis Zone—Is $68,000 The Next Support? The analyst has noted that the next target for DOGE could be $0.1172, corresponding to the top level of the channel. DOGE Price Dogecoin surged to $0.113 on Sunday night, but the asset has retraced to $0.110 to kick off Monday. Featured image from Dall-E, chart from TradingView.com

An analyst has highlighted how Dogecoin crossed a Parallel Channel’s midline after its latest rally and is now heading toward its resistance level. Dogecoin Could Face Resistance At $0.1172 Next In a new post on X, analyst Ali Martinez has talked about a Parallel Channel forming in the 12-hour price of Dogecoin. A “Parallel Channel” is a technical analysis (TA) pattern that forms whenever an asset observes a phase of consolidation between two parallel trendlines. Related Reading: Bitcoin $90,000 Predictions Surge Across Social Media—Contrarian Signal? Like with other consolidation channels in TA, the upper level of a Parallel Channel tends to be a source of resistance for the coin, while the lower one that of support. A break out of either of these bounds can signal a continuation of trend in that direction. That is, a surge above the channel can be a bullish sign, while a drop under it a bearish one. Parallel Channels can be classified into a few different types based on how the channel is oriented with respect to the graph axes. Channels with a positive slope are known as Ascending Channels, while those pointing down are called Descending Channels. In the context of the current topic, the simplest case is the one of relevance: a Parallel Channel that’s parallel to the time-axis. Such a pattern corresponds to a phase of true sideways movement in the asset. Now, here is the chart shared by Martinez that shows the Parallel Channel that the 12-hour price of Dogecoin has been stuck inside for the last couple of months: As displayed in the above graph, the 12-hour Dogecoin price was earlier trading inside the lower half of the Parallel Channel, with the pattern’s midline situated at $0.1018 acting as a barrier for the memecoin. The 11% price jump for the past week, however, has meant that DOGE has finally broken past this resistance. The next relevant level in the channel is located at $0.1172, corresponding to the top level. It now remains to be seen whether the Dogecoin will perform a retest of this level in the near future or not. Related Reading: Bitcoin Market Returning To Risk-On? Flow Pulse Surges 136% From March Lows While Dogecoin has seen some bullish price action recently, fellow altcoin Solana has headed down instead. A consequence of this decline has been that SOL has dropped below the support level of a TA pattern, as the analyst has pointed out in another X post. From the chart, it’s visible that Solana was earlier trading inside a channel enclosed by two converging trendlines approaching each other at a roughly equal and opposite angle. Such a pattern is called a Symmetrical Triangle. Breakouts from this type of channel become likely as the asset approaches the apex, which is what appears to have happened with SOL this time as well. DOGE Price Dogecoin has surged to the $0.1064 level following its latest rally. Featured image from Dall-E, chart from TradingView.com

Dogecoin is approaching a critical inflection point as its price action tightens within a narrowing range. As key levels come into focus, the next breakout, whether upward or downward, could define DOGE’s short-term trend and unfold with significant momentum.  Dogecoin Tightens Range: Triangle Compression Signals Imminent Move According to a recent technical analysis by ChiefraT, Dogecoin is currently navigating a tightening triangle structure on its price chart. This pattern indicates a period of significant range compression, where the price is being squeezed between converging trendlines. As of the post, the asset was pushing directly into the upper trendline resistance, signaling an imminent volatility period. Related Reading: Dogecoin Shows Classic Ichimoku Strength – What This Means For Price The significance of this moment cannot be overstated, as the narrowing range suggests that a breakout or breakdown is imminent. When price action becomes this compressed within a triangle, it often serves as a coiled spring, building up the necessary energy for a decisive move.  Supporting the bullish case is the Relative Strength Index (RSI), which has been steadily climbing and is now positioned near the upper zone, reflecting strengthening momentum behind the current price push. With both the price action and the momentum oscillator hitting critical levels simultaneously, the technical confluence suggests that the market is reaching a major inflection point. Should Dogecoin successfully break and hold above this triangle resistance, it could open the door for a move toward the $0.105 to $0.11 range, and even higher if the momentum sustains. Conversely, failure to clear this hurdle would mean the consolidation phase continues within the existing structure. Harmonic Pattern Near Completion Klejdi Cuni highlighted that Dogecoin is currently completing a distinct harmonic pattern on the one-hour timeframe, with the price recently reaching the D point, a critical technical juncture that historically acts as a zone for potential trend reversals. This completion marks a pivotal moment in the current cycle, as the asset tests the structural limits of its recent upward move. Related Reading: Dogecoin Stalls Inside The Kumo — Volatility Surge On The Horizon? Initial market reactions suggest that the price has already begun to show signs of strong rejection after tapping the D point, indicating that bearish pressure is starting to outweigh buying interest in the short term. The underlying momentum appears to be fading following the latest attempt to push higher, further supporting the bearish outlook. As long as Dogecoin fails to reclaim and stabilize above the D zone, the technical structure remains skewed to the downside.  If the bearish structure unfolds as anticipated, the first objective for a move lower is the $0.0970 zone, which serves as a quick reaction level. A sustained breakdown would likely open the path toward $0.0959. Ultimately, a full completion of this corrective pattern could see Dogecoin declining toward the $0.0936 area as sellers seek deeper liquidity. Featured image from Getty Images, chart from Tradingview.com

Crypto analyst Crypto Paradise has warned that a Dogecoin trap is on the horizon, with the meme coin likely to suffer a crash soon. He pointed to a bearish pattern that signaled DOGE could drop to around $0.08 despite its recent reclaim of the $0.10 level.  Analyst Warns Of Dogecoin Trap With A Crash Imminent In a TradingView analysis, Crypto Paradise predicted a potential sharp downside move for Dogecoin, although he noted that some market participants may just call it a healthy pullback. He revealed that the meme coin had formed a classic Volume Spread Analysis pattern, which began with a buying climax followed by a climactic action bar.  Related Reading: Analyst Reveals Accumulation Level For Dogecoin Before It Rallies To $2 The analyst noted that this combination typically shows a distribution in which institutional investors use aggressive upward spikes to offload positions amid retail enthusiasm. Crypto Paradise added that when the crowd feels confident, smart money is already exiting their positions.  Notably, his analysis comes amid Dogecoin’s brief reclaim of the psychological $0.10 level today, with the meme coin rallying as Bitcoin broke above $79,000. However, Crypto Paradise’s prediction indicates that DOGE is still likely to see another crash, which could send the meme coin to new lows.  DOGE Could Drop To Around $0.08917 Crypto Paradise stated that if the bearish momentum in Dogecoin continues, the next major downside target is around $0.08917 and could be reached sooner than most expect. Commenting on the current price action, he noted that DOGE has swept the upper trigger line of the buying climax but has failed to sustain higher levels, with a candle breaking below the lower trigger line.  Related Reading: The Dogecoin Breakout That Could Send Price Rallying 3,000% To $4 The analyst explained that this is a classic confirmation that supply is dominating. Meanwhile, from a structural perspective, he noted that Dogecoin has clearly respected the descending resistance trendline and has failed to break above it. Crypto Paradise remarked that this rejection is likely because of an ongoing structural weakness.  At the same time, Crypto Paradise noted that market momentum has shifted to the downside and that the overall structure is bearish, further strengthening the bear case for Dogecoin. In line with this, the analyst declared that DOGE risks a move lower as long as the price remains within the 1-hour order block and fair value gap zone.  The immediate minor support for Dogecoin is around $0.09290, which will act as the first downside magnet if selling pressure persists. On the other hand, Crypto Paradise stated that this bearish outlook could be invalidated if DOGE manages to break above the key resistance at $0.10338 with a strong momentum candle.  At the time of writing, the Dogecoin price is trading at around $77,700, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

Crypto analyst Trader Tardigrade is pointing to a setup that could define Dogecoin’s next major move. The Dogecoin monthly candlestick chart, which stretches back to 2014, shows a pattern that has played out with remarkable consistency, almost mechanical in nature.  According to that structure, Dogecoin is now sitting right at the level where previous price explosions have been triggered. Related Reading: Stablecoins Go Institutional As Morgan Stanley Rolls Out New Portfolio A Pattern That Has Played Out Twice Before Dogecoin is still trading below $0.10 into the last week of April, languishing well below its cycle peak of $0.48 and largely ignored by many crypto investors. But for Trader Tardigrade, that lack of action may be precisely the point.  The structure at the center of Trader Tardigrade’s analysis is a descending triangle that appears to form on Dogecoin’s monthly chart at the end of every major market cycle. Looking at the monthly chart below, Dogecoin initially broke above this triangle formation in 2024. However, the meme coin has been on a price correction path since late 2024, and is now at the point of retesting the apex of the triangle. Interestingly, similar retests of the apex of the triangle, which is its tightest, most compressed point, have always indicated the precise moment before an explosive move to the upside. Back in 2017, Dogecoin compressed into the tip of such a formation and then surged in what became its first significant bull run. The pattern repeated in 2020, when the DOGE price once again coiled into the triangle’s apex before exploding into the historic 2021 rally that took the meme coin to a peak of $0.73. Now, in 2026, Trader Tardigrade is pointing to a third convergence. The monthly chart shows price action once again compressing and retesting the triangle’s tip. Dogecoin’s Price Chart. Source: @TATrader_Alan On X Dogecoin Price Projection According to Trader Tardigrade, when Dogecoin comes back to the tip of the triangle, it doesn’t ask permission. The prediction is a bounce from the triangle’s apex that pushes the Dogecoin price into new price territories. Notably, the analyst’s projection sees Dogecoin going as high as $2.4 if the bounce plays out in full. Although the pattern itself is clear, the broader market environment will likely play a key role in determining how this setup unfolds. This is because Dogecoin’s previous rallies coincided with strong bullish phases across the crypto market. The crypto market is more complex right now, and the fundamental landscape around Dogecoin in 2026 is materially different from what existed in prior cycles.  Related Reading: XRP Signals Imminent Breakout — Is A 10% Rally Coming? Bitcoin, for one, needs to stabilize into a full bullish momentum first. The leading cryptocurrency has been attempting to stabilize above $78,000, while capital flows into the industry have picked up in recent days. Featured image from Unsplash, chart from TradingView

Dogecoin is showing strong technical resilience as it continues to respect the Ichimoku Cloud, signaling sustained buyer interest and a healthy short-term structure. With price consistently bouncing from key support levels, momentum appears to be building, but the next move will depend on whether bulls can maintain control and push toward a breakout. DOGE Bounces Three Times From Kumo Support Trader Tardigrade recently revealed that Dogecoin has established a significant bullish pattern on the 4-hour timeframe. The asset has now successfully bounced off the bottom of the Ichimoku Kumo (Cloud) three separate times. This behavior shows that DOGE is currently tracking the trajectory of the cloud, signaling a steady shift in momentum. Related Reading: The Dogecoin Breakout That Could Send Price Rallying 3,000% To $4 The technical precision of these movements highlights classic Ichimoku behavior, as each pullback to the lower edge of the Kumo was cleanly respected as dynamic support. This repeated validation confirms that there is strong buyer interest at these specific price levels.  Leveraging this indicator, the analyst identified the exact bottom of the Kumo during the most recent retest, providing a high-probability long setup with solid follow-through as the price continued to move higher. The accuracy of the Kumo as a support level allowed for a clean entry with a clearly defined risk-to-reward ratio. Moving forward, the short-term market structure remains decidedly constructive on the 4H timeframe. As long as Dogecoin continues to hold above and trade along the Kumo, the bullish thesis stays intact. Monitoring the cloud boundaries is crucial, as maintaining this position helps to sustain the current upward trend and prevent a shift back into a neutral or bearish bias. Recurring Meme Coin Structures Signal Opportunity On X, analyst LSTrader outlined a broader strategy for Dogecoin, highlighting that similar technical setups are emerging across multiple meme coin projects. He noted that the same structure he previously identified on FLOKI is now appearing on the DOGE chart, suggesting that price action across the sector may be following a shared pattern. Related Reading: Dogecoin Breakout Mirrors Past Trend — Bigger Move Coming? LSTrader emphasized that this alignment is unlikely to be a coincidence. Instead, it points to a coordinated market structure developing within meme coins, where similar formations tend to repeat and offer consistent trading opportunities. Such patterns often reflect how liquidity flows through related assets, creating comparable setups across different charts. Based on this view, LSTrader sees these zones as highly significant and plans to focus on them in the coming period. Rather than betting on a single directional move, his approach is to trade the range both ways, taking advantage of swings between support and resistance while the structure remains intact. This strategy allows for flexibility and aims to capture opportunities regardless of short-term market direction. Featured image from Peakpx, chart from Tradingview.com

Following the bitcoin recovery above the $76,000 level last week, the Dogecoin price also saw a notable increase, rising by more than 10% in a 7-day period. This naturally saw a rise in interest in the meme coin and translated to a surge in its open interest. While this initial surge has been bullish, it now begs the question of whether the digital asset will be able to maintain this trajectory or risk another crash. Dogecoin Open Interest Reaches 2-Month Highs When the Dogecoin price surged past $0.1 recently, the open interest rose rapidly at the same time. The result of this surge was that the open interest had risen to levels not seen in more than two months. This pushed it toward the January 2026 highs, registering a notable change from the muted performance of the last two months. Related Reading: Strategy Overtakes BlackRock’s Bitcoin Holdings, But Is Saylor Done Buying? According to data from the on-chain tracking website, Coinglass, the Dogecoin open interest reached above $1.4 billion at its highest. While there has been a decline from this level, the Dogecoin open interest remains above the $1.2 billion mark, showing sustained interest in trading the meme coin. Usually, a rise in the open interest correlates with a rise in the asset’s price. So if the Dogecoin price continues its upward trajectory, then the rise in the open interest could continue. However, if the DOGE price does decline, then the open interest could take a nosedive again. DOGE Volume Decline Could Be Good For Price There has been a decline in the Dogecoin volume as the price seems to have turned downward again. But crypto analyst The Alchemist Trader explains that this could end up being a good thing for the price. In an analysis, the analyst points to this as being a consolidation phase. Related Reading: Analyst Sounds Bitcoin Warning: This Surge Above $78,000 Should Not Be Trusted Consolidation phases usually precede big moves, and looking at the fact that the Dogecoin price has maintained support above $0.07, the crypto analyst believes that the direction is likely to be upward. This will happen with a new volume influx and could lead to a bullish breakout. Once this happens, the analyst’s chart suggests that the Dogecoin price could see an over 40% increase as a result. Such a move would put the men coin price above the $1.4 level. “From a technical standpoint, as long as Dogecoin holds above the $0.07 support level, the structure remains favorable for a bullish breakout,” the analyst stated. “This level acts as a key foundation for buyers, and maintaining support here keeps the upside scenario intact.. Featured image from Dall.E, chart from TradingView.com