TLDR
- Dogecoin (DOGE) has returned to a historical accumulation zone that previously generated 900% to 13,000% rallies since 2015
- The cryptocurrency surged 38% in the past month and broke above a descending resistance trendline on hourly charts
- Whale accumulation reached over $250 million in DOGE tokens within 48 hours, with trading volume jumping 77%
- Technical analysis suggests DOGE could target $0.73 mid-channel resistance, with potential upside to $1.50 if bullish patterns hold
- Current price sits at $0.2368 with market cap of $35.58 billion and analysts predicting moves to $0.31 by mid-August
Dogecoin price has returned to a historically recurring accumulation zone that has repeatedly triggered major upward moves over the past decade. This development has caught the attention of analysts who see potential for another substantial rally.
The meme cryptocurrency currently trades at $0.2368, representing a 2.5% gain in the last 24 hours. Market capitalization stands at $35.58 billion while daily trading volumes reached $2.27 billion.
Analyst Ali Martinez shared a long-term logarithmic chart showing Dogecoin has reentered a zone associated with large bullish reversals. This accumulation range sits at the lower boundary of a rising channel that has supported price action since 2015.
Dogecoin $DOGE is back in a range that has historically served as a buying zone, triggering major bull runs! pic.twitter.com/bzHM1K4zBf
— Ali (@ali_charts) July 26, 2025
The area around $0.15 to $0.22 has acted as a technical floor where previous rallies began following consolidation periods. The chart shows at least four distinct points where Dogecoin rebounded after testing this lower region.
Each rebound from this zone formed a strong base for vertical growth. The most notable breakout occurred in 2021 when DOGE surged from the accumulation band to a peak of $0.7335.
Technical Breakout Signals Short-Term Shift
On shorter timeframes, Dogecoin broke above a descending resistance trendline according to analyst TATrader_Alan. The hourly chart documented a series of lower highs before DOGE breached the trendline and printed a new higher high.
$Doge/H1#Dogecoin has broken out of a Resistance Trendline and formed a new Higher High (HH) on 1-hour chart. pic.twitter.com/B0mHweQgVm
— Trader Tardigrade (@TATrader_Alan) July 26, 2025
This development marked a short-term structural change and opened the path for potential reversal in lower time frames. The breakout came after several unsuccessful attempts to extend beyond the downward-sloping resistance.
If DOGE produces a higher low and sustains upward movement, intraday targets may stretch to around $0.24 and above to $0.255. This would confirm the longer-term bullish picture noted in weekly charts.
Market data shows Dogecoin has made four higher lows while maintaining its position inside the channel. These reactions suggest buyer activity is increasing in areas previously viewed as undervalued.
The midline of the ascending channel currently sits around $0.73, serving as a critical resistance level. In 2021, this zone acted as a breakout point during Dogecoin’s largest rally in history.
Whale Activity Points to Renewed Interest
On-chain metrics show increased whale activity with over 1.08 billion DOGE tokens valued at $250 million accumulated by large wallets in 48 hours. Trading volume jumped 77% to hit $6.43 billion in the past week.
This renewed interest from large players indicates strong confidence and may help sustain upward momentum if broader market conditions remain favorable. The combination of whale accumulation and increased volume suggests institutional interest is returning.
TradingShot, a crypto analyst on TradingView, believes DOGE has entered a bullish pattern known as Livermore’s Cylinder. This pattern historically signals potential for parabolic rallies.
DOGE has been consolidating within a bullish megaphone pattern since bottoming in October 2023. This long accumulation period may be nearing its end with the next leg potentially pushing prices past $1.
Another analyst known as Tardigrade notes Dogecoin has reached the top of its consolidation zone and may be ready to move into new territory. The 38% surge over the past month supports this bullish thesis.
Should Dogecoin follow the full range of previous channel rallies, the upper boundary lies between $2.30 and $3.00. This level matches the projected extension of the current logarithmic trend.
Previous cycles in 2017 and 2021 saw similar technical progressions from lower boundary to upper range. These upper levels were reached rapidly once momentum was confirmed above mid-channel lines.
CoinCodex forecasts Dogecoin hitting $0.25 by end of July and potentially rallying to $0.31 by mid-August. Their indicators show bullish sentiment with a Greed score of 72 on the Fear & Greed Index.
The forecast suggests 67% green days over the past month with relatively healthy volatility levels. Current trading volume of $6.43 billion and whale accumulation of $250 million in 48 hours support the bullish outlook.
