Key Insights:
- DOGE dips into key demand zone, repeating a historical pattern ahead of a potential bullish breakout.
- Wyckoff Accumulation pattern suggests DOGE may be entering Phase D toward range resistance.
- MACD bullish crossover and descending trendline test could shape DOGE’s next price move.
Dogecoin (DOGE) has returned to a familiar support range, with traders watching for signs of another rally. The current price zone has drawn attention after previous patterns where similar dips were followed by price moves toward the $0.25 level.
DOGE Revisits Demand Zone Between $0.13 and $0.14
Dogecoin’s price has fallen back into a demand zone that has held support several times during the year. This area between $0.13 and $0.14 has served as a launch point for past upward moves. Market participants are now monitoring this range for a potential bounce.
According to BitGuru, DOGE has repeated the same pattern of dipping into support, then rallying to the $0.25–$0.27 zone before reversing. This repetition has increased expectations that a similar price action could unfold again.
DOGE Repeating Demand Zone | Source: XAs of now, DOGE is trading at $0.146211 with a daily trading volume of $1.49 billion. The price has increased 2.17% over the last 24 hours. Traders are now watching for a breakout or rejection at this trendline, as it could influence the next price move.
Wyckoff Accumulation Pattern Observed on Larger Timeframes
Moreover, based on Trader Tardigrade, Dogecoin has been forming a Wyckoff Accumulation pattern since the 2024 high. He suggested that the asset may have completed the “Spring” phase, known as the lowest part of the cycle. He added that the Phase D point will drive $Doge back to the resistance (top) of the horizontal range.
If the pattern continues to follow its traditional structure, then the next phase could lead to a break above the Phase E range. The Wyckoff method is often used to study market cycles and identify accumulation before trends begin.
While this crossover is seen by some as a possible signal of strength, resistance from the trendline may limit short-term moves. Trader Tardigrade noted that $Doge is approaching the Descending Trendline. He added that this level could decide the coin’s direction in the near term.
This setup has emerged following a MACD bullish crossover, which traders often use to spot early momentum shifts. The combination of technical signals and past price behavior is keeping interest high in the current DOGE setup.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/analysis/doge-price-slips-0-13-area-eyeing-surge/
