Price Analysis

Dogecoin Price Analysis: Will DOGE Hit $0.2 As Historical Patterns Suggest?

Dogecoin Price Analysis: Dogecoin faces resistance at $0.174 and recently dropped 6.24% to $0.164. Increased whale accumulation and an ascending triangle pattern suggest potential 35% gains.
Published by
Dogecoin Price Analysis: Will DOGE Hit $0.2 As Historical Patterns Suggest?

Highlights

  • A bullish morning star candle at $0.156 support bolsters DOGE price for an 8.5% jump.
  • The DOGE price sustainability above daily EMAs (20, 50, 100, and 200) highlights the broader trend remains bullish.
  • The 24-hour trading volume in Dogecoin is $1.48 Billion, indicating a 57% loss.

Dogecoin Price Analysis: Amid the current market consolidation, the largest meme cryptocurrency by market cap Dogecoin, has developed a local resistance around the $0.174 price level. A recent reversal from this resistance has tumbled the asset by 6.24% to seek support at $0.164. With a firm horizontal resistance and increased accumulation from large investors (Whale), the Dogecoin price action is now in an ascending triangle that may pop to the upside with 35% gains.

Also Read: 3 Cat-themed Meme Coins To Watch Out For as dogwifhat and Dogecoin Clips

Advertisement

Dogecoin Price Analysis: Key Support and Resistance Levels to Watch Amid Whale Activity

Dogecoin Price Analysis| Tradingview

The Canine Meme cryptocurrency Dogecoin witnessed a slow and steady recovery in May. The positive reversal uplifted the asset from $0.12 to $0.175 high, registering a 45% growth.

The recovery trend also develops a higher low formation— an early sign of trend reversal as the market participants have started accumulating at dips. Currently, the DOGE price trades at $0.161, while the market cap holds at $23.3 billion.

With the Bitcoin consolidation, the DOGE price is wavering sideways seeking support at $0.156. 

Moreover, a renowned trader, Alicharts, recently highlighted a significant development in the Dogecoin market. According to a tweet shared on June 4, 2024, Dogecoin whales have accumulated an additional 200 million DOGE since May 30. 

https://twitter.com/ali_charts/status/1797903639346081913?ref_src=twsrc%5Etfw” rel=”nofollow

This large-scale acquisition indicates a growing interest and confidence among major investors in cryptocurrency. Historically, such accumulations by whales have often preceded price rallies, as their actions can influence market sentiment and liquidity

Amid the whale accumulation, the DOGE price rebounded from the $0.156 support with a bullish morning star candle pattern. A potential rebound could bolster this meme coin to lead an 8.5% upswing to challenge the $0.174 resistance.

A successful breakout will accelerate the buying momentum and aim for a potential target of $0.21, followed by $0.228.

Also Read: Dogecoin Price: 200M DOGE Accumulation Signals At Potential Rally Ahead

Advertisement

Technical Indicator

  • Exponential Moving Average: The 50-day EMA slope wavering at $0.156 assists memecoin buyers with additional support to bolster the recovery trend.
  • Relative Strength Index: The daily RSI slope wavering at 50% hints at a neutral market sentiment.
Advertisement

Related Articles

Share
Sahil Mahadik

Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?

The Dogecoin price has recently shown renewed strength after a sustained period of consolidation. The…

October 5, 2025
  • Price Analysis

FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?

Floki price has drawn strong attention after recording a bullish daily surge of over 30%.…

October 4, 2025
  • Price Analysis

BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?

BNB Coin price has entered a powerful phase after breaking through a major resistance level…

October 4, 2025
  • Price Analysis

Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B

Aster price has recently shown strong signals on the chart, with a breakout from its…

October 3, 2025
  • Price Analysis

Will XRP Price Hit $5 if the SEC Approves ETFs This Month?

XRP price could be on the cusp of a big move in the coming weeks…

October 3, 2025
  • Price Analysis

Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?

Bitcoin price has recently surged to the $120K mark, reclaiming momentum and sparking fresh optimism…

October 3, 2025