- Dogecoin holds $0.178 support as Wyckoff Phase E signals a possible breakout to higher levels.
- Bull flag pattern and strong volume suggest DOGE could rally toward $0.22 and possibly $0.90.
- Technical structure and market momentum position DOGE for a major upward move soon.
Dogecoin (DOGE) has recently shown a resilient price rebound, holding critical support levels despite broader market fluctuations. The popular meme coin is now moving through a key phase of Wyckoff Accumulation, suggesting that a major breakout could be approaching. Current trading patterns, volume shifts, and technical structures are aligning to signal the next possible rally.
Wyckoff Accumulation Phase Nearing Completion
According to an analysis prepared by Trader Tardigrade, Dogecoin is progressing through the final stages of Wyckoff Accumulation. In phase C, a “Test” followed the “Spring,” marking a signature move of this technical setup. The recent rebound near $0.178 is being seen as part of this structured development.
Phase D has featured several low points of support (LPS), signs of strength (SOS), and back-ups (BU), according to observation by crypto trader Memecrypto. This confirms that Dogecoin’s price structure is behaving in line with the Wyckoff pattern. The asset is now consolidating below the red resistance lines, which, if maintained, could soon lead to phase E and a breakout.
Memecrypto stated, “Markets do not wait for latecomers,” indicating that momentum is building quickly. Current support at the 50 EMA around $0.1783 is critical, and buyers are defending this level. A close above $0.185 would further strengthen the bullish outlook.
Breakout Targets and Market Sentiment
According to analysis prepared by BitGuru, Dogecoin’s immediate breakout resistance is positioned at $0.185. If the price holds and pushes beyond this level, the next targets are $0.189 and $0.1929. Maintaining the $0.178 support remains essential to avoid deeper corrections toward $0.174 or $0.170.
Kamran Asghar also mentioned via X that Dogecoin has developed a bull flag, and the breakout could send DOGE towards $0.22. Furthermore, Master Kenobi indicated that if the current consolidation is successful, Dogecoin could reach $0.90 within 55 days.
The trading volume stands at $1.76 billion, while the market cap is near $27.05 billion, according to CoinMarketCap data. The technical structure suggests that DOGE is preparing to complete the Wyckoff Accumulation pattern and possibly start a strong upward move.
