- Dogecoin forms an accumulation base at $0.1610, signaling potential breakout toward $0.52 short-term.
- On-chain activity surges, with new addresses up 102.40%, indicating rising network engagement.
- Analysts see higher-low trend holding since 2023, with long-term targets reaching up to $20.
Dogecoin is showing signs of strength following a recovery from recent lows. It is now trading at $0.1610 and forming a base that mirrors historical trends. In the previous cycle, DOGE rose from $0.0003 to $0.009. In the current cycle, projections suggest possible jumps from $0.42 to $1.46 to $4.
Technical Structure Supports Accumulation Phase
Dogecoin rebounded after falling to $0.145 on June 23, stabilizing between $0.162 and $0.167. Chart patterns suggest a developing accumulation phase, supported by Change of Character (CHoCH) signals. These signals often precede trend shifts as early buying activity begins to build momentum.
Recent price action resembles the structure seen before DOGE’s rally in late 2024. During that period, a breakout from consolidation pushed prices from below $0.14 to $0.48. A similar pattern is now forming after a decline to $0.128 and a failed breakout near $0.254 in May 2025.
The current pattern indicates that Dogecoin may be preparing for another breakout. If the trend plays out as expected, potential price targets could reach $0.52 in the short term, offering a 214.6% move from current levels.
On-Chain Data and Market Signals Point to Growth
On-chain data from IntoTheBlock shows a 102.40% increase in new addresses over the last seven days. Active addresses also jumped 111.32%, and returning users pushed zero-balance wallets up by 155.45%.
This suggests renewed interest and engagement with the Dogecoin network. Traders on social media, including WIZZ, noted that Dogecoin’s weekly structure has maintained a higher-low trend since late 2023.
If this holds, the next move could test the upper range of the ascending channel. Javon Marks projected that if DOGE follows its past cycle performance, the asset may eventually target the $20 range over time.
