- DOGE nears $0.187 liquidity zone, with targets set at $0.313, $0.335, and $0.3597.
- Whale wallets added 1B+ DOGE in 30 days, supporting an 18% monthly gain.
- RSI shows oversold levels, and the trendline remains intact, hinting at a possible rebound.
Dogecoin is currently trading at $0.1884 after a brief weekend decline. Although the price dipped below key support levels, analysts view this move as a standard retracement rather than a shift in the overall trend. The main structure remains intact as bulls consolidate for the next potential move.
Market Volatility Affects DOGE, But Setup Remains Bullish
The recent drop in Dogecoin’s price came during a broader altcoin market downturn. According to Crypto Claws on X, the price action is being monitored closely, with a liquidity grab under $0.187 identified as a potential entry zone.
The analyst added that the setup remains favorable, with targets between $0.313 and $0.335, and possibly up to $0.3597. Global economic concerns, including renewed trade tensions between the United States and China, have added pressure across financial markets.
Bitcoin declined by more than 2% during the same period, while Dogecoin followed with an 8.01% decrease. This correction, however, aligns with broader sentiment rather than a token-specific issue.
Whale Accumulation and Trendline Support Point to Strength
Despite the pullback, DOGE’s long-term structure remains unchanged. According to data shared by Ali Martinez via Santiment, whale wallets have accumulated over one billion DOGE in the last 30 days. This trend suggests confidence among large holders, which has helped DOGE post an 18% monthly gain.
Technical observers also noted that the token is oversold on the H4 RSI chart. This condition typically indicates a local bottom and potential for a rebound. The main trendline remains unbroken, and analysts say the market structure continues to support an eventual upward move.
Dogecoin co-founder Billy Markus commented on the market downturn with a post on X, saying, “I liked crypto about 10% better yesterday.” While lighthearted, the remark echoed the mood among traders after a volatile weekend.
