Saad Ullah
Dogecoin's chart is looking unusually clean right now—and that could be a big deal. After months of choppy, range-bound trading, DOGE appears to have completed what's known as the "Spring" phase in a Wyckoff Accumulation pattern. This is one of those setups traders love to see before a major reversal. If the pattern plays out, we could be on the verge of a fresh uptrend once buyers confirm their control with a decisive breakout.
The Wyckoff Pattern: Where Dogecoin Stands
Technical analyst Trader Tardigrade laid out how Dogecoin is following the classic five-phase Wyckoff Accumulation model—a blueprint that tracks how big players quietly build positions before pushing price higher. Here's the rundown of all five phases and where DOGE sits now:
- Phase A: The decline bottoms out in a Selling Climax, followed by an Automatic Rally that sets the top of the range
- Phase B: Price bounces around inside the range as smart money accumulates without fanfare
- Phase C: The "Spring"—a fake breakdown below support that shakes out weak hands before snapping back
- Phase D: A breakout above mid-range resistance called the Sign of Strength (SOS)
- Phase E: Confirmation phase where price exits the range and starts a sustained move higher
According to the chart, Dogecoin just wrapped up Phase C with a strong bounce from around $0.185–$0.19. That Spring move is now confirmed, which means accumulation is still in play.
What Happens Next?
The key level everyone's watching is $0.21. A clean break above that with solid volume would mark the Sign of Strength and kick off Phase D—the part where things start getting interesting. If that happens, DOGE could push toward $0.23–$0.25 in the coming weeks.
The setup aligns nicely with improving crypto sentiment overall. Bitcoin's holding steady, and altcoins are seeing renewed interest. Dogecoin has a history of explosive moves after building these kinds of bases—just look at 2021. But until we get that volume-backed breakout, expect more sideways action as accumulation wraps up.
Dogecoin's chart is showing one of the most reliable reversal patterns in technical analysis. The Spring is confirmed, and if the Sign of Strength follows, DOGE could be quietly gearing up for its next major run.
Saad Ullah
