Victoria Bazir
⬤ Dogecoin has delivered an impressive rally after bouncing from a well-defined support area. The cryptocurrency jumped roughly 46% from its accumulation zone, signaling a strong recovery after weeks of consolidation.
⬤ The chart analysis reveals a critical support and accumulation range sitting between $0.06 and $0.08, where DOGE stabilized before pushing toward the $0.11 level. This pattern is consistent with classic DOGE breakout structures seen in previous rallies, with multiple retests of support before the momentum shifted upward.
⬤ Looking ahead, the analysis draws a clear line between near-term price action and longer-term possibilities. While the immediate focus remains on holding above the accumulation zone, more ambitious projections place DOGE targets somewhere between $1 and $2. These higher targets align with macro chart breakout setups that have historically followed extended accumulation before rallies in meme coins.
⬤ Why does this matter? Dogecoin's behavior around these accumulation zones doesn't just affect DOGE holders—it often influences sentiment across the entire meme coin sector. When a major player like Dogecoin shows strength at tested support levels, it can spark renewed interest in similar assets.
Victoria Bazir
