Dogecoin
holds above $0.26 while whales dump $40M in tokens. Analysts look for a breakout to $0.35–$0.45 in bullish chart setup
Large holders sold $40 million worth of DOGE, which may temper further gains.
DOGE$BNB is pinned under $0.26, but most believe it may rise to $0.35 or more soon.Dogecoin has reached a crucial phase of consolidation under $0.26 resistance after suffering an 18% decline since its local high of May 10th, Research technical analysis data model data.
Current whale action indicates 170 million tokens valued in excess of $40 million were lost in recent days, possibly setting the stage for the next big breakout.Dogecoin's current price action indicates a definitive bull flag pattern taking shape following its dramatic rally that started in early April.
In spite of the recent pullback, technicals indicate this might be a healthier consolidation prior to another leg higher.
Analysts cite a possible breakout in the next 7 days to drive DOGE towards $0.35-$0.45, a possible 52-114% increase from levels currently
Technical Analysis Highlights
DOGE showed strong bullish strength, ranging from $0.222 up to $0.228, creating an ascending channel with deep support at $0.218-0.219.
A strong resistance area was established at $0.233-0.234 where profit-taking happened with good volume.
The sudden pullback in the last hour from the day's high indicates probable consolidation in the future, yet underlying momentum remains bullish with successive higher lows being formed over the time frame.DOGE saw high volatility with a sudden downward correction, dipping from $0.233 to $0.227, a fall of 2.57%.
There were repeated efforts to form support levels between $0.227-$0.228, with short consolidation phases.External References
"Dogecoin
Price Prediction: One Break Above $0.230 Could Unleash a Full-Blown Meme Rally", cryptonews, published May 18, 2025.
"Dogecoin Momentum Fades – Analyst Expects $0.213 Retest", NewsBTC, published May 21, 2025.
"Dogecoin Chart Too Good To Ignore, Says Trader Eyeing Double", NewsBTC, published May 21, 2025.#BTCBreaksATH
