Altcoins News

Story: Dogecoin Set for 20% Rally as Bulls Defend Crucial Support Zone

By Julie Binoche

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Key Support at $0.142 Is Drawing Buyers. Dogecoin has recently retested the $0.142 level, a support zone that originally acted as a range…

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Indicators Signal Accumulation Phase. Volume indicators such as the On-Balance Volume (OBV) and Chaikin Money Flow (CMF) provide…

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Range Recalculation and Fibonacci Levels Offer Clarity. Dogecoin’s recent price movements suggest that its previous range formation, from March to April,…

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Liquidation Heatmaps Suggest Magnetic Zones Ahead. Data from Coinglass’s liquidation heatmap reveals that a liquidity pocket between $0.145 and $0.

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Strategy for Swing Traders. For traders seeking potential entries, the $0.154 level stands out as a reasonable risk level.

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Consolidation Today, Breakout Tomorrow?. The current state of Dogecoin’s chart suggests that it may be laying the groundwork for a larger…

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Dogecoin [DOGE], one of the most recognized cryptocurrencies in the market, is once again attracting attention from swing traders and long-term investors.

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Technical analysis on the weekly chart shows a bullish swing structure remains intact. The coin hasn’t dropped below the $0.

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To shift the broader structure fully in favor of bulls, DOGE would need to surpass the $0.259 local high set during the May rally. That said, a move back to the $0.

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The CMF recently posted a strong positive reading of +0.13, indicating significant capital inflows and investor accumulation.

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The Relative Strength Index (RSI), meanwhile, still reflects bearish momentum on the weekly timeframe, reinforcing the view that Dogecoin may be in a consolidation phase rather…

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This adjustment aligns closely with the current structure seen on the daily chart. The May rally that touched $0.259 is now viewed as a temporary breakout above this range.

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Fibonacci retracement levels also support this analysis. The price is hovering between the 61.8% and 78.6% retracement levels from the most recent swing low to high.

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Above current prices, smaller clusters of liquidity are forming around $0.173 and $0.182—levels that could attract price movement as market makers and traders aim to target stops…

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A more prominent liquidity zone lies at $0.21, aligning closely with the mid-range resistance level identified in the adjusted range model.

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