- Dogecoin is trading between $0.214 and $0.222, which indicates a period of range activity before a breakup.
- Analysts suggest the next wave could extend toward $1.00–$1.40 based on historical patterns.
- Market volume drops 19.89%, but liquidity remains steady with a 5.27% Vol/Mkt Cap ratio.
Dogecoin is showing signs of building momentum as market participants focus on a potential larger wave formation. Traders are closely monitoring key price levels while historical patterns suggest room for a substantial upward move.
Technical Structure and Logarithmic Uptrend
Market analyst Kamran Asghar noted that Dogecoin continues to follow a logarithmic uptrend on the weekly timeframe. He observed that each impulsive wave in its history has surpassed the previous one in magnitude. This structure, he suggested, could create the setup for a strong continuation rally.
Earlier expansions delivered remarkable gains, including a 290% rise from the $0.12 base and a subsequent 440% move to the $0.48 region. These moves were followed by lengthy distribution phases that established higher bases. The pattern reflects a cycle of impulsive runs, cooldowns, and renewed accumulation.
The latest consolidation has carved a rounded base beneath the dotted trend guide-line. This price action is compressing volatility, often a sign of preparation for expansion. Historical performance shows Dogecoin has tended to accelerate once it reclaims the logarithmic line.
Current Market Position and Trading Range
As of the time of writing, Dogecoin is priced at $0.2157, reflecting a 0.46% decline in the past 24 hours. Its market capitalization stands at $32.53 billion, while daily trading volume is $1.71 billion. Despite a near 20% drop in activity, liquidity remains firm.
Short-term trading is currently limited to the $0.214–$0.222 band. Buyers have repeatedly stepped in around $0.214 to defend support, while resistance at $0.222 has capped upward attempts. A decisive breakout is required to change this consolidation structure.
When the price rises beyond $0.222, the route will be open to $0.230-$0.235. Any failure to hold above $0.214, however, would necessitate a retest of the 0.210 level. For now, this band acts as the immediate guide for traders and market watchers.
Outlook and Key Price Targets
Asghar projects that Dogecoin’s next upward wave may aim for the $0.75–$0.85 range, representing an 800% climb from the local base. He added that the historical tendency is for DOGE to surpass the logarithmic guide-line once bullish momentum fully returns.
Should that acceleration play out, the next expansion target would be in the $1.00-1.40 area. This scale corresponds to a $1.2721618 Fibonacci extension of the previous impulse, which adds technical significance to it. The $1 psychological threshold would also draw speculative interest and market attention.
For this scenario to remain intact, Dogecoin must defend its higher lows around the $0.20 region. A breakdown from these levels could extend the accumulation phase further. Traders are urged to monitor the $0.35–$0.48 levels as early waypoints for a sustained bullish drive.
