Dogecoin (DOGE) has once again entered its well-known accumulation zone, which has traditionally preceded significant rallies.
Historical Dogecoin Zone
Dogecoin has dipped into its accumulation zone, historically a launchpad for explosive rallies. This range, roughly between $0.15 and $0.22, has previously led to significant gains. In 2021, Dogecoin surged over 10,000% after rebounding from this area, reaching an all-time high of $0.73.
Bullish Signals
Several bullish signals are emerging for Dogecoin. One of the most notable is the formation of a double-bottom reversal pattern on higher timeframes—a classic bullish setup. Analysts predict that a confirmed breakout from this pattern could lead to gains of over 100%, potentially driving DOGE toward the $0.46 mark. Additionally, Dogecoin has been holding above a key support band between $0.19 and $0.21, signaling potential upward momentum.
Possible Prospects
If current price behavior continues, Dogecoin may attempt a breakout above the $0.25–$0.26 range. A successful move above this resistance could open the path toward $0.36 and beyond. In the medium-to-long term, a retest of the 2021 high near $0.73 isn’t out of the question, especially if Bitcoin and the broader crypto market maintain strength.
Despite the volatility of crypto markets, the current setup suggests DOGE may be gearing up for another exciting ride.
