Dogecoin price consolidates above $0.18 support, signaling growing accumulation. A potential breakout toward the next key resistance at $0.26 can confirm current accumulation.
Summary
- $0.18 support holds steady as accumulation forms.
- Reclaiming the Point of Control is crucial for momentum.
- A confirmed breakout could target $0.26 resistance next.
Dogecoin’s (DOGE) price has stabilized around the $0.18 support region following the recent capitulation event, suggesting that an accumulation phase may be forming. This high-timeframe support has been resilient, with price holding above it for the past week.
Dogecoin price now eyes a potential rally as post-crash accumulation strengthens and Musk’s latest X post adds momentum. The market faces a tight range between key structural levels, and a breakout backed by strong bullish volume could set the stage for a move toward higher resistances.
Dogecoin price key technical points
- Key Support Holding: $0.18 remains the critical high-timeframe support level.
- Value Area Low Reclaimed: The reclaim of this level signals renewed demand in the market.
- Next Major Resistance: $0.26 stands as the next high-timeframe resistance and upside target.
Following the sharp capitulation move earlier this month, Dogecoin has managed to stabilize and find support at $0.18, a region that aligns with its high-timeframe structural base. The value area low lies just below this level, and its recent reclaim indicates that buyers have stepped in, defending the region and establishing it as a strong foundation for consolidation.
This price behavior suggests that demand has returned, with trading volume showing early signs of stabilization. The consolidation pattern forming between the Point of Control (POC) and the $0.18 support marks the development of an accumulation zone. Historically, such structures often precede expansion phases when supported by volume and momentum.
The next step for Dogecoin’s bullish case would be a successful reclaim of the POC, which sits as a key resistance zone in the current range. A confirmed breakout above this level, supported by rising volume, would increase the probability of a rally toward the $0.26 high-timeframe resistance. This region represents the next major liquidity pocket and is likely to attract attention if momentum builds.
However, for a sustainable move higher, bullish inflows in both spot and futures markets must increase. A low-volume breakout would likely fail to sustain momentum and risk a reversion back into the range. On the other hand, strong volume accompanied by bullish engulfing candles on the daily timeframe would confirm that demand is driving the next leg higher.
What to expect in the coming price action
If Dogecoin continues to hold the $0.18 region, accumulation is likely to persist before expansion. A decisive breakout above the Point of Control with increasing bullish volume could propel price action toward $0.26, the next major resistance zone.
