- Dogecoin trades above long-term support at $0.238, confirming sustained bullish conditions.
- Whale wallets add nearly 2B DOGE in one week, boosting confidence in continued accumulation.
- Analysts track resistance at $0.40–$0.50, with upside projections extending toward $0.55.
Dogecoin (DOGE) is still in the BUY zone as current price action confirms renewed strength across multiple technical and market indicators. The cryptocurrency is trading above long-term support levels while maintaining upward momentum. This bullish breakout will melt faces if sustained momentum continues, supported by trading volume, whale activity, and trend confirmations.
Long-Term Channel Structure and Price Action
Dogecoin has remained inside a rising parallel channel since 2015, according to analysis prepared by Ali Charts. Multiple rebounds from the lower trendline have acted as strong support during different market cycles. Historical performance shows rallies beginning from this area, including the move in 2017 when price surged to $0.018197 before retracing.
In 2021, Dogecoin reached $0.73355 after accelerating through mid-channel levels, while the 2024 rally peaked at $0.36424. Current trading levels near $0.2873 confirm DOGE remains positioned above long-term support at $0.23804, according to Ichimoku analysis by Trader Tardigrade. Technical readings show price above the Kijun-sen line and above the green Kumo cloud, reinforcing bullish conditions.
Trading activity has also expanded, with 24-hour volume recorded at $5.38 billion and net inflows reaching $15.08 million on September 12. These flows mark a reversal from August outflows and reflect renewed accumulation, according to data from CoinMarketCap. Market capitalization stands at $43.36 billion, positioning Dogecoin as the eighth largest cryptocurrency.
Technical Indicators and Market Drivers
The Ichimoku framework confirms four bullish signals in September, including the Chikou Span cross on September 10 and a Kumo breakout on September 7. Additional bullish crosses on September 2 and July 18 also reinforce the uptrend.
The overall score of +4 indicates strong upward bias, according to Trader Tardigrade’s trend analysis. Broader conditions show whale wallets accumulated nearly 2 billion DOGE in one week, according to on-chain data.
Speculation around a potential Dogecoin ETF and retail participation on exchanges add to positive flows. Analysts continue to track key resistance zones between $0.40 and $0.50, while upside projections remain focused near $0.55. Sustained buying interest keeps DOGE firmly within the BUY zone as bullish momentum strengthens.
