Dogecoin News Today: Dogecoin Gains 13% as Bullish Patterns Signal Path Toward $0.36 Breakout

Dogecoin has recently displayed multiple bullish technical signals across its 4-hour chart, drawing attention from traders and analysts who are closely monitoring potential breakouts. The price has formed recurring bullish consolidation patterns, with each cycle showing a reset in the Relative Strength Index (RSI), moving below 50 after previous overbought conditions. This reset is seen as a positive sign of a bull flag pattern consolidating, with the potential for further upward movement if buying momentum continues [1].

Trader Tardigrade highlighted the formation of two similar bullish breakout structures, each preceded by corrections where the RSI dipped below 50 before resuming gains. These consolidations followed descending trendlines and resulted in upward accelerations, reinforcing the idea that DOGE is entering a phase of renewed strength. Following the most recent RSI reset, the price has already begun a sharp rally, with some analysts projecting a continuation toward $0.30, assuming sentiment remains supportive [2].

Glassnode data has also provided insights into key resistance levels, particularly the $0.36 threshold. According to Ali Martinez, the UTXO Realized Price Distribution (URPD) shows a significant concentration of realized prices below $0.36, indicating strong historical accumulation. If DOGE can break through this level, it would clear a major resistance zone, potentially allowing for a smoother and faster upward trajectory. Martinez noted that a move beyond $0.36 could reduce selling pressure and enable further buying interest, possibly extending the rally toward the $0.70 level [3].

On the 4-hour chart, DOGE has formed a falling wedge breakout pattern, which analysts interpret as a sign of a potential bullish reversal after a prolonged decline. The pattern has completed the “Head” in a head-and-shoulders bottom formation, with the recent pullback aligning with the formation of the “Right Shoulder.” Analysts are watching $0.26 as the first short-term resistance target, with $0.32 as a longer-term objective if buying pressure remains strong. The current price near $0.2246 reflects consolidation, which could precede another upward move [4].

Additional analysis highlights that DOGE has already broken above $0.27, a key level not seen since late July. This retest of support has confirmed a shift in market sentiment from bearish to bullish. Analysts suggest that if the upward trend continues, DOGE could reach as high as $0.35, with some forecasts projecting a $0.50 target if broader market conditions remain favorable [5].

Whale activity has also increased, with over $200 million in DOGE tokens accumulated within 24 hours. This buying pressure briefly pushed the price to $0.246 before a pullback to around $0.227. DOGE is currently trading near $0.228, having gained 13% over the past week, reinforcing the idea that the cryptocurrency is gaining traction [6].

A double-bottom pattern is also forming on the daily chart, another bullish indicator that could signal a strong rebound. The key support level is currently at $0.20, and a drop below this may trigger further consolidation. However, as long as DOGE remains above $0.20, the technical outlook remains optimistic [7].

With strong whale activity, positive technical signals, and growing market sentiment, DOGE appears well-positioned for a potential breakout. A successful move above $0.25 could define the path to $0.36, with some analysts suggesting a long-term target of $0.70 [8].

Source:

[1] Dogecoin Charts Bullish Patterns as Analysts Eye $0.36 Breakout Level

https://coinmarketcap.com/community/articles/689b49ed9a07d46ce0f7dc90/

[2] Dogecoin Price Eyes 50% Rally As Bullish Triangle Breakout Nears

https://www.okx.com/en-us/news/article/dogecoin-price-eyes-50-rally-bullish-triangle-breakout-nears-52105706718368

[3] Dogecoin Nears Breakout as Bullish Triangle Signals 50% Rally Potential

https://www.ainvest.com/news/dogecoin-news-today-dogecoin-nears-breakout-bullish-triangle-signals-50-rally-potential-2508/

[4] DOGE and PENGU Show Bullish Charts, Cold Wallet Stands Out With 4900% Early ROI Potential

https://coindoo.com/doge-and-pengu-price-action-looks-strong-but-cold-wallet-stands-out-with-4900-early-roi-potential/

[5] Next Stop $0.25? Is Dogecoin Best Meme Coin to Buy This Week

https://99bitcoins.com/news/presales/next-stop-0-25-is-dogecoin-best-meme-coin-to-buy-this-week/

[6] Analyst Predicts Explosive Rally for Cardano, Says ADA to Do Something Similar XRP Did

https://thecryptobasic.com/2025/08/12/analyst-predicts-explosive-rally-for-cardano-says-ada-to-do-something-similar-xrp-did/

[7] Dogecoin Targets $0.70 After Breaking $0.36

https://www.bitget.com/news/detail/12560604906790