What to know:
- The DOGE accumulation zone appears on monthly charts, a key level that has preceded major rallies in past cycles.
- Trading volume stays high despite a slight drop, showing continued investor interest and potential upward continuation.
- Technical indicators turn positive, with RSI near overbought and EMAs forming a bullish structure after consolidation.
Dofecoin (DOGE) is moving in an upward direction following the changing conditions in the crypto market. According to CoinMarketCap, the DOGE price has surged by 1.7% over the last 24 hours and 6.3% over the last week.
At the time of writing, DOGE is trading at $0.1003, with a trading volume of $2.69 billion, which has declined by 3.52% over the last 24 hours. However, its market capitalization stands at $15.42 billion, which has surged by 1.72%.
Source: CoinMarketCap
Also Read: Dogecoin (DOGE) Near $0.10 as Bullish Momentum Builds Amid Volume Surge
Dogecoin Cycle Pattern Hints at Next Bull Move
Furthermore, the crypto analyst Trader Tardigrade revealed that Dogecoin’s monthly chart is once again showing a return to a historically observed accumulation zone.
This level has previously appeared during deep market corrections, where selling pressure gradually fades and long-term holders begin repositioning. Experts are closely watching this region due to its repeated role in marking major cyclical turning points.
In past cycles, every time this indicator reached similar depths, Dogecoin formed a macro bottom followed by strong upward expansions.
The pattern has occurred three times on the monthly timeframe, each time leading into significant rallies. While history does not guarantee repetition, the consistency of structure draws attention from cycle-focused traders.
Source: Trader Tardigrade’s X Post
At the moment, Dogecoin is also trading in the same range, which raises questions of whether another accumulation period is around the corner. If the pattern repeats itself, this range will most likely be followed by a new uptrend.
According to some projections, there is even the possibility that the asset will continue higher toward resistance at $2.40.
RSI & EMAs Point to Ongoing Bullish Momentum
According to TradingView, DOGE exhibits a robust bullish breakout after a period of consolidation in the range of $0.089 to $0.095.
Moving averages, which were earlier entangled and stagnant, are now forming a bullish stack. The structure of moving averages has indicated a change in trend as price broke above $0.096 on the back of rising volumes.
Source: TradingView
The Dogecoin price stands at $0.10025 because of the strong upwards movement it has undergone. The current RSI level, however, is approaching an overbought condition with 67.47.
This means that there will be the need to take a break from this strong upward trend for a moment in order to move further.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Dogecoin Gains Momentum: Can Whale Activity Push DOGE Above $0.10?
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