Dogecoin Looking At Bullish Price Action, Watch Out For These Signs

Dogecoin's price trajectory has once again entered a historically significant accumulation zone, a region that has consistently preceded substantial upward movements.

This zone, situated within the lower confines of a long-term logarithmic channel, has historically signaled the commencement of noteworthy rallies, each yielding impressive gains ranging from 900% to as high as 13,000%.

Dogecoin Price Returns to Recurring Buy Zone

Analyst Ali Martinez recently shared a long-term logarithmic chart of Dogecoin on X, highlighting the meme coin's re-entry into a zone that has historically been associated with major bullish reversals.

This accumulation range, defined by the lower boundary of a rising channel, has provided support for price action since 2015. The area between $0.15 and $0.22 has functioned as a technical floor, where previous rallies originated after periods of extended consolidation.

The chart illustrates at least four distinct instances where Dogecoin rebounded after testing this lower region, each time establishing a robust foundation for significant upward growth. The most remarkable breakout occurred in 2021 when the DOGE price surged from the accumulation band to a peak of $0.7335.

Dogecoin price is currently testing the same support range observed in past cycles, suggesting a potential repetition of the multi-year trend.

DOGE Mid-Channel Resistance Becomes the First Key Target

The midline of the ascending channel, presently around $0.73, serves as a critical resistance level. Notably, in 2021, this zone acted as a breakout point during Dogecoin's most significant rally in history.

According to the chart, if the current cycle mirrors past trends, a move towards this level could be the next logical step, assuming buyers maintain control above the accumulation band.

Market data indicates that Dogecoin's price has already established four higher lows while remaining within the channel, suggesting increasing buyer activity in areas previously considered undervalued.

If trading volume continues to increase, the $0.73 area could face pressure as the next technical level of interest. A sustained push beyond this midpoint could pave the way for further upside potential towards the top of the historical structure.

Upper Channel Resistance Aligns With Cycle Peak Targets

If Dogecoin's price follows the full extent of its previous channel rallies, the upper boundary now lies between $2.30 and $3.00, aligning with the projected extension of the current logarithmic trend.

The chart indicates that such a move would be consistent with Dogecoin's price history in 2017 and 2021. In both years, the meme coin followed similar technical progressions from the lower boundary to the upper range.

Historically, these upper levels were reached rapidly once momentum was confirmed above the mid-channel line. The pattern suggests that once Dogecoin's price surpasses the $0.73 threshold, a continued surge could occur if the market structure remains intact.

However, this projection is contingent upon broader market conditions and sustained confirmation of trend continuation above the midline.

According to recent analysts, the top meme coin could rally over 600% if current trends persist. The combination of whale accumulation, MACD crossover, and a double bottom retest suggests Dogecoin's price may target the $0.60 to $0.70 range.

Hourly Breakout Signals Short-Term Bullish Shift

In a separate chart shared by analyst TATrader_Alan, Dogecoin's price broke above a descending resistance trendline.

The chart documented a series of lower highs before DOGE breached the trendline and established a new higher high (HH). This development signifies a short-term structural change, potentially opening the door for a reversal in lower time frames.

The breakout followed several unsuccessful attempts to break beyond the downward-sloping resistance.

Following the HH, analysts are focusing on the next higher low, which will signal a trend reversal. If Dogecoin's price establishes this higher low and sustains an upward movement, intraday targets may extend to around $0.24 and potentially above $0.255.

This would further validate the longer-term bullish outlook observed in the weekly chart and could be a precursor to a new phase of investor demand.

The top meme coin has gained 2.5 percent in the last 24 hours and is currently trading at 0.2368. Dogecoin’s market capitalization has increased to $35.58 billion.