- Dogecoin has once again bounced from a previous swing high, repeating a historic support pattern tied to bullish reversals.
- Whales have accumulated 100 million DOGE this week, suggesting continued confidence and strong demand despite recent price correction.
- Momentum indicators, including Stochastic RSI and A/D line, signal a bullish shift as DOGE consolidates near the $0.18 level.
Dogecoin (DOGE) has once again rebounded from a key support level formed by a previous swing high—pointing to a potential bullish setup.
Dogecoin Finds Support at Previous Swing Highs
Crypto analyst Trader Tardigrade observed that Dogecoin continues to honor its historical pattern of finding support at former swing highs. According to the trader, DOGE recently bounced from a support zone aligning with a prior swing high near $0.29, reinforcing this trend.
This is not a new behavior. Similar moves were recorded in February and August 2024, where DOGE retraced to past resistance zones that flipped into solid support. Each instance was followed by renewed upward momentum, indicating strong buyer interest at those levels.
This recurring pattern highlights market memory and reflects continued confidence among traders. As DOGE now trades at $0.1792—marking a 4.20% gain over the past 24 hours—the setup resembles earlier phases that preceded price surges.
Whale Activity and Indicators Suggest Renewed Strength
Further support for Dogecoin’s possible turnaround comes from whale accumulation, as shared by Ali_charts. Over the past week, whales have acquired 100 million DOGE, signaling strong interest during the price consolidation phase. DOGE, after peaking around $0.45 earlier in 2025, has corrected and is now stabilizing around the $0.18 mark.
The technical indicators confirm formation of a base. The Stochastic RSI indicates a bullish crossover out of the oversold region, where %K stands at 27.05 and %D at 15.77. This advance confirms decreasing bear momentum and possible rally in the offing.
Meanwhile, the Accumulation/Distribution (A/D) line has risen to 114.63 billion, suggesting that buyers are quietly building positions. This divergence—rising accumulation despite falling prices—often precedes a price recovery.
Together, these signs may confirm that DOGE has completed its pullback phase.
Path Forward Hinges on Critical Price Levels
While DOGE is still far from its recent high, the current setup resembles earlier bullish reversals. A decisive move above $0.20 may serve as confirmation of trend strength. On the downside, holding above the $0.15 level remains essential to avoid renewed pressure.
As long as Dogecoin continues to find support at previous swing highs, the conditions remain favorable for another upward leg. The repeated success of this pattern, coupled with whale accumulation and bullish indicators, positions DOGE for a possible breakout.
