Dogecoin (DOGE) is holding steady above its $0.070 support zone, with traders watching closely for a potential breakout at the $0.0722–$0.075 level. Data from Brave New Coin shows that Dogecoin recently traded around $0.07048, marking a 24-hour range between $0.06941 and $0.07029. This price action places DOGE at a pivotal point, as a move above key resistance could trigger a stronger recovery.
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AAPLNetwork activity and rising participation
On-chain indicators suggest that Dogecoin’s underlying network activity is also gaining strength. Analyst Ali Charts reported a significant uptick in weekly active addresses, rising from 38,000 to 44,000, which points to higher engagement and network participation.
Weekly active DOGE addresses have climbed from 38,000 to 44,000, signaling increased participant activity and renewed network momentum.
This increase in address activity comes as DOGE maintains support within the $0.067–$0.070 range. Technically, remaining above this zone preserves $0.0722 as the next breakout level, with subsequent resistance at $0.075. If these levels fall, attention could shift toward the $0.080–$0.085 range for potential upside.
Long-term accumulation and support zones
Some analysts view Dogecoin’s current trend as part of an extended accumulation phase rather than the end of a bear cycle. Chad Ventures described this phase as another broad rounded base, forming after the sharp correction from the $0.30–$0.40 highs recorded in the last major rally.
DOGE now trades near the lower edge of this multi-year structure at $0.06–$0.07. A solid hold at this level sets initial recovery targets at $0.10, with further extension possible towards $0.15–$0.20. Only a move above these zones would place the previous $0.30–$0.40 range back into play.
Mini dictionary: Chad Ventures is an independent crypto market analyst, known for technical research into accumulation structures and macro price cycles.
Major support and bullish technical structure
Don Wedge, a crypto analyst specializing in historical price cycles, noted that DOGE is trading above a pivotal long-term support zone between $0.05 and $0.06. These horizontal bases have previously been points for significant price expansions in Dogecoin’s history.
Wedge’s technical outlook includes a speculative projection to $4.32 over the long run, though this move would need validation through multiple breakout levels, beginning with a decisive reclaim of $0.10 and $0.15–$0.20 followed by higher targets at $0.30–$0.50.
DOGE must remain above its larger $0.05–$0.06 base to keep the bullish technical structure intact, even if intraday volatility tests the $0.070 area.
Short-term trading range and liquidation heatmap
According to CW8900, a trader focused on liquidation data, a notable cluster of short positions is concentrated near $0.0722. A move through this level could force short liquidations and propel DOGE toward $0.075–$0.076, where additional liquidity resides. Above these levels, less resistance may enable a broader move toward $0.078–$0.080 if market momentum returns.
On the downside, liquidity is apparent near $0.067–$0.068, reinforcing this band as key near-term support. DOGE is currently fluctuating between these lower and upper liquidity pools.
| Level | Type | Significance |
|---|---|---|
| $0.067–$0.070 | Support | Main downside base |
| $0.0722 | Resistance/liquidity | Short squeeze trigger |
| $0.075–$0.076 | Resistance/liquidity | Upper band for next move |
| $0.080–$0.085 | Target | Potential recovery zone |
Technical outlook and decision zone
Dogecoin’s short-term price structure remains supportive as long as it stays above $0.067–$0.069. The immediate upside trigger is a break of $0.0722, which would be confirmed and strengthened if DOGE advances past $0.075–$0.076. A further rally could bring targets at $0.080–$0.085 and, eventually, $0.10 if momentum persists.
DOGE’s long-term bullish scenario relies on preserving key historical supports, particularly $0.05–$0.06. A sustained drop below these levels would invalidate the larger accumulation pattern and signal deeper downside risk.
