Dogecoin Price Coils at Key Support With Analysts Eyeing $0.18 Upside

Key Insights:

• Dogecoin price remains above $0.095, as $0.074 proves to be the strongest on-chain support.
• Bull flag structure puts DOGE near a breakout zone between $0.098 and $0.102.
• Analysts map upside targets at $0.13, $0.15, and $0.18 in case of resistance breaks.

Dogecoin price is stabilizing after weeks of selling pressure, with on-chain and technical data pointing to a decisive moment. Several analysts are now pointing to support, continuation, and convergence of the upside target. The market structure suggests DOGE’s price could be setting up for the next move in its direction.

Dogecoin Price Supported by Strong On-Chain Support

On-chain data indicated that Dogecoin price is currently holding above one of its most important historical demand zones. According to data from Ali Charts, the largest concentration of realized volume is at $0.074, making it the strongest long-term support level. This area is where a fair percentage of DOGE holders gained their coins.

Above that level, another significant cluster is at about $0.096, which has served as a short-term pivot over the past few sessions. The Dogecoin price has reacted several times around this area, confirming it as a near-term equilibrium between buyers and sellers. As long as DOGE stays above $0.074, the downside risks are structurally limited.

Glassnode data bears this out and shows little in terms of realized volume below the $0.074 level. This means that there is weak selling pressure below that price, and there are still strong hands holding their positions. Such situations often precede volatility expansion when the price is compressing close to support.

Bull Flag Structure Forms as Momentum Compresses

On lower timeframes, the Dogecoin price is forming a well-defined bull flag. Trader Tardigrade noted that DOGE has just moved below the upper boundary of this consolidation channel. The flag formed following a sharp impulse drop and a tight sideways run.

This type of formation usually breaks in the direction of the previous trend after the price breaks the upper resistance of the flag. In the case of DOGE, the current top is around $0.098-$0.100, which aligns with the sell walls visible on intraday charts.

The narrowing range is indicative of falling volatility, a typical precursor of strong directional moves. If the Dogecoin price closes decisively above $0.100, technical momentum may accelerate quickly. However, if the rejections were repeated at that level, the consolidation would be prolonged.

Resistance Levels Define the Near-Term Outlook

Short-term liquidity data showed clear areas of resistance that the Dogecoin price needs to overcome to sustain its recovery. Analyst CW8900 noted three major sell walls that were stacked between $0.098, $0.102, and $0.108. These levels correspond to previous breakdown zones and supplying clusters.

TradingView charts indicated that DOGE recently rebounded from a local low at around $0.092, reaching the $0.095 area. This move confirmed short-term demand, but volume is muted. Without expanding volume, attempts to break above $0.102 may face rejection.

If momentum continues to hold, the next area of resistance is around $0.113-$0.115, which was the last strong breakdown before the recent decline. A clean move through that area would greatly improve the price structure of Dogecoin.

Analysts Present Clear Upside and Downside Scenarios

Zooming out, long-term projections will provide a broader framework for Dogecoin price movements. Analyst BitGuru highlighted that DOGE is holding a major base around $0.095 after a long, liquidity-sweep downtrend. According to his model, a continued reclaim of $0.103 could open upside targets at $0.13-$0.15, followed by $0.18 if momentum continues.

Another projection on a longer timeframe shows a rounded consolidation base developing between $0.074 and $0.096, which has historically been the precursor to major trend expansions. If this structure resolves bullishly, medium-term targets extend out to $0.20, matching the prior cycle resistance.

However, analysts are still wary of downside risks. A confirmed drop to $0.095 could trigger another liquidity sweep down to $0.085, whereas a deeper breakdown would reveal the important $0.074 support. Below that level, the Dogecoin price structure would be substantially weakened.

The post Dogecoin Price Coils at Key Support With Analysts Eyeing $0.18 Upside appeared first on The Market Periodical.