- DOGE holds $0.22 as trendline, RSI, and 0.618 Fibonacci support converge for traders.
- Whale wallets now control 17% of DOGE supply, signaling rising large-investor accumulation.
- Upside targets stand at $0.29, $0.32, and $0.38 if $0.22 support sustains momentum rebound.
Dogecoin is positioned at a key technical level, trading near both its ascending trendline support and RSI support. The price recently retraced from a local high of $0.33 and is consolidating around the $0.22 level, where both technical structures converge, making this zone critical for traders and investors watching the cryptocurrency.
Trendline and RSI Support Levels
The 12-hour chart shows Dogecoin holding near $0.22, aligning with its established ascending trendline. According to analysis prepared by Trader Tardigrade, each test of this support since mid-2023 has triggered rebounds, allowing the broader upward trend to remain intact. The price action again touches this line, reinforcing its relevance.
The RSI indicator mirrors this pattern. According to an observation by market analysts, RSI has maintained a rising support line that aligns with each rebound. Previous touches on this RSI support coincided with price recovery phases, showing synchronized momentum and price action. The indicator is now near this support, reinforcing the technical structure.
Analyst Ali has noted that the $0.22 zone also coincides with the 0.618 Fibonacci retracement level at $0.2288. He stated that maintaining this threshold preserves the ascending triangle structure, with potential upside targets of $0.29, $0.32, and $0.38 if momentum increases.
Market Data and Broader Conditions
Dogecoin’s decentralized finance metrics show $20.88 million in total value locked, according to DeFiLlama. This marks a 5.84% daily decline, though TVL levels remain much higher than 2023, when they stayed under $10 million.
The growth accelerated during 2024 and 2025, peaking near $30 million before a slight retracement. On-chain data also shows increasing whale accumulation. Santiment reports that wallets holding 100 million to 1 billion DOGE now control almost 17% of supply.
This steady accumulation contrasts with smaller holders, showing a concentration among large investors. Dogecoin is currently consolidating at $0.22, where trendline support, RSI support, and Fibonacci levels converge. Traders are monitoring whether the structure can sustain another rebound and maintain the upward trajectory.
