- Dogecoin forms the third rounded base since 2015, holding $0.20–$0.22 support for potential new rally.
- DOGE trades above 200-day EMA at $0.2199, with historical rallies showing 30–40% gains from here.
- Golden cross pattern nears, projecting continuation toward $0.33 and resistance near $0.35 levels.
Dogecoin is approaching a critical technical juncture after forming multiple accumulation phases across several years of trading. The latest rounded base is showing gradual upward progression and price stability, supported by a rising trendline. Historical data confirms that each similar consolidation phase has preceded major rallies, and analysts are now tracking potential new highs.
Long-Term Accumulation Phases and Breakout Potential
According to analysis prepared by Javon Marks, Dogecoin has developed three accumulation phases, each creating rounded basing structures before breakouts. The first structure formed between 2015 and 2017, producing a sharp rally into 2018. The second base developed from 2018 through 2020 and resulted in a breakout leading into the 2021 peak.
After the 2021 rally, price entered a broader consolidation phase that created another rounded structure. This base has held above a rising curved support, maintaining stability despite market volatility. Each historical cycle of accumulation and breakout has been followed by upward moves of large scale, often exceeding earlier rallies.
The current setup shows Dogecoin trading near $0.23 with market capitalization at $35.365 billion, based on CoinGecko data. Fully diluted valuation remains nearly identical at $35.371 billion, aligning with the current circulating supply. Technical observations indicate that maintaining support around $0.20–$0.22 is crucial for potential continuation of the upward cycle.
Market Data and Key Support Levels
Dogecoin’s Total Value Locked in DeFi is reported at $20.27 million, according to DeFiLlama, despite a 3.90 percent daily decline. Chain fees and chain revenue both totaled $2,513 during the same timeframe, while decentralized exchange trading activity recorded no recent volume.
Technical indicators show DOGE trading above its 200-day exponential moving average at $0.2199 and 100-day simple moving average at $0.2129. Historical rallies from similar levels have produced gains of 30–40 percent, reinforcing the importance of the current price zone.
Cas Abbe stated that a “golden cross” formation is approaching for Dogecoin, adding that “when DOGE pumps, Altseason starts.” The pattern projects potential continuation toward $0.33 and above, with the next resistance levels near $0.35.
