Is This the DOGE Bottom? Dogecoin Flashes Bullish Signals

Dogecoin (DOGE) sits at around $0.136 at press time, as the daily trading volume stands at $1.3 billion. The price is down almost 1% in 24 hours and 9% over the past week. Despite recent weakness, chart signals suggest a possible shift in direction.

Dogecoin Moves Into Wyckoff Spring Phase

Analyst Trader Tardigrade has placed Dogecoin in Phase C of the Wyckoff Accumulation model, known as the Spring. This stage often marks the final push below support before a potential reversal begins. DOGE made a new low in the $0.13–$0.14 range, matching the expected move in this phase.

The purpose of this move is to test support and remove short-term holders. If the setup holds, the price may enter Phase D, where it starts to move higher within the range.

In addition, the same analyst also pointed to a bullish crossover forming on the 3-day MACD. This signal has appeared twice before this year—in April and July—both times followed by upward price movement. A third cross is now appearing, with the MACD line moving above the signal line.

Each previous crossover led to a clear price reaction. If the same response follows, buyers may step in again. This indicator is often used to track changes in short-to-mid-term momentum.

Market Cycle Chart Supports Accumulation View

A separate long-term chart from analyst Bark shows Dogecoin in its third major market cycle. Each past cycle included a correction, followed by accumulation, then a breakout. The current range between $0.05 and $0.20 has held since 2022.

The chart projects a possible move toward $5 by 2026. This estimate is based on previous cycle growth, though current conditions may differ.

Mixed Signals From On-Chain and ETF Activity

Wallet data shows mixed activity. As CryptoPotato reported, holders of 10 million to 100 million DOGE have reduced their positions by about 7 billion coins in recent weeks. Whale activity is now at a two-month low, shifting focus to technical setups.

In the ETF market, new Dogecoin funds in the US saw a quiet launch. Trading volume around the ETFs remains low. However, DOGE showed some recovery after hitting intraday lows of $0.132, with late-session buying reversing the earlier drop.

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