- DOGE is showing bullish signs, but needs to break past $0.18 and $0.21 to really take off.
- Big supply clusters at those levels mean breaking through could spark a rally cascade.
- A J-shaped pattern on the monthly chart (last seen before the 2017 run) could hint at a major breakout, possibly up to $5, according to analysts.
The dog might be stretching.
With the crypto market slowly finding its feet, Dogecoin — the OG dog-themed memecoin — is showing the first signs of life after what felt like a never-ending nap. Yeah, the recent bearish pressure hit hard, but now? Sentiment’s turning, charts are shifting, and some traders are already sniffing out the start of a real DOGE rally.
Two Big Levels DOGE Needs to Break — Or It’s Back to the Kennel
Crypto analyst Ali Martinez (you’ve probably seen him on X) is eyeing two major resistance zones standing between DOGE and a possible breakout. And if you’ve been around long enough, you know these levels aren’t just numbers — they’re battlegrounds where DOGE either makes a run… or gets swatted back down.
So, what are these magic numbers?
- $0.18
- $0.21
That’s where heavy buying went down in the past. A lot of holders got in around those prices — meaning they’re likely itching to break even. If DOGE manages to blast through those resistance walls, it could trigger a chain reaction — a mini bull run, maybe more.
Where’s the Supply Sitting? Follow the UTXO Clues
Martinez pulled data from the UTXO Realized Price Distribution (URPD) chart — basically a map showing how much DOGE was bought at different price points. What stood out? A huge chunk of supply — over 20% — was scooped up at around $0.07. That’s the ground floor for a lot of folks.
Other big clusters?
- 7.97% at $0.17
- 7.04% at $0.20
That’s a ton of Dogecoin sitting just under the current price — and it’s all underwater. Which means? If DOGE starts climbing and pokes above those levels, it could flip from a sea of red to green — fast. That kind of shift can change market mood real quick.
Trader Tardigrade: DOGE Is Following a Familiar Pattern
Another well-known chart whisperer, Trader Tardigrade, chimed in too. According to his analysis, DOGE recently broke out of a descending trendline, a sign that the downtrend might be over (for now).
But that’s not all — on the monthly chart, he spotted something interesting: a J-shaped pattern. Doesn’t sound like much until you remember this same setup showed up back in 2017, right before DOGE went nuts and printed new highs.
He thinks we might be heading toward a similar scenario. The pieces?
- Long-term accumulation
- Retracement from all-time highs
- Pattern formation? Yep.
If this lines up, Tardigrade says we could be looking at an eventual move toward… wait for it… $5.
Sounds insane? Maybe. But in crypto, insanity and possibility are often the same thing.
