Dogecoin ($DOGE ) is once again attracting the attention of crypto traders and investors. After a prolonged period of consolidation, the coin is showing signs of accumulation, which often precedes a strong upward movement. The current technical analysis of Dogecoin indicates a possible market preparation for an impulse rise.
Dogecoin price analysis: what's happening in the market
At current levels, the price of DOGE holds a strong support zone that has already been tested multiple times by buyers. Each attempt by sellers to push the price lower meets active demand, indicating a decrease in pressure from bears.
Such market behavior is characteristic of the accumulation phase, when large players (smart money) gradually build positions. It is important to note that similar structures are formed before the start of growth, not after, which makes the current situation particularly interesting for long-term and medium-term traders.
Historically, Dogecoin is known for sharp and rapid movements. When the coin breaks out of a prolonged sideways range, the growth often occurs rapidly, without long pullbacks. Currently, the market structure is stabilizing, and bullish candles are increasingly appearing on the chart, confirming a change in market sentiment.
Dogecoin forecast: is it worth buying $DOGE now
From the perspective of cryptocurrency trading, the current levels can be seen as a potential area for opening long positions. It is precisely at moments when the market looks 'quiet' and does not evoke emotions that the best entry points are formed.
For those seeking an answer to the question 'is it worth buying Dogecoin', it is important to consider not only the price but also the overall market structure. Currently, DOGE is still below key targets, leaving room for growth with controlled risk.
Dogecoin (DOGE) trading levels
Trading idea for $DOGE :
Entry zone: 0.1280 – 0.1310
Target 1: 0.1400
Target 2: 0.1550
Target 3: 0.1800
Stop-loss: 0.1240
This scenario suggests a continuation of upward movement after the accumulation phase is completed. The risk-to-reward ratio remains attractive, especially for traders working on a follow-the-trend strategy.
Conclusion: the prospects of Dogecoin
Dogecoin loves to surprise the market just when interest in it temporarily weakens. Patience and discipline in the current phase can become key factors for success.
If the current support is maintained, the Dogecoin forecast remains moderately bullish, and the price of DOGE may show significant growth in the coming weeks.
The material is not a financial recommendation. The cryptocurrency market remains high-risk — use risk management.
