TLDR
- Dogecoin is forming a pattern of higher highs and higher lows on weekly charts
- Currently trading around $0.217, with key resistance at $0.243 and $0.495
- Strong support established at $0.20 level
- Technical analysts see similarities to previous patterns that preceded rallies
- Meme coin market showing renewed strength overall
Dogecoin (DOGE) is quietly building momentum as traders watch for signs of the next major price move. The popular meme cryptocurrency has been forming a bullish structure on its weekly chart, catching the attention of technical analysts who believe a breakout might be approaching.
The price action of Dogecoin in recent months has shown a pattern of higher highs and higher lows. This classic bullish formation often precedes larger price movements, according to trader @galaxyBTC who recently highlighted this development.
Patiently waiting for $DOGE to bark. pic.twitter.com/bknMtVTZMD
— Galaxy (@galaxyBTC) September 4, 2025
Dogecoin is currently trading at approximately $0.217, maintaining its position above key support levels. This price stability comes as the coin continues to consolidate after periods of volatility.
The technical foundation for DOGE appears to be strengthening, with price consistently respecting support zones while gradually building upward pressure. This consolidation phase bears similarities to previous market conditions that eventually led to price increases.
For traders monitoring the situation, immediate resistance targets are located at $0.243. Beyond this, a more substantial resistance zone exists at $0.495, representing a major hurdle for the cryptocurrency to overcome.
Key Support and Resistance Levels
The $0.20 level has emerged as a crucial support zone for Dogecoin. As long as the price remains above this threshold, the downside risk appears contained according to technical analysis.
The critical factor for maintaining bullish momentum is the continuation of the higher-low pattern that has been driving the positive market structure. Breaking this pattern would likely signal a shift in market dynamics.
Should Dogecoin successfully breach the $0.243 resistance, the path could open toward the $0.495 level. A clean break above these zones might trigger accelerated price movement to the upside.
Community Sentiment
The Dogecoin community maintains an optimistic outlook despite the recent consolidation phase. Many DOGE holders are taking a patient approach while waiting for the next significant market move.
“Waiting for DOGE to bark” has become a common expression among supporters who anticipate another rally. This sentiment reflects the community’s continued faith in the cryptocurrency’s potential.
The broader meme coin market has been showing signs of renewed strength. This improved market environment could provide additional support for Dogecoin’s technical setup.
The combination of favorable technical patterns and improving market sentiment may create favorable conditions for Dogecoin’s next price movement. The cryptocurrency continues to hold above its uptrend support line, which serves as a foundation for potential future gains.
The coming weeks will likely be crucial in determining whether the current bullish structure translates into a meaningful price increase for Dogecoin. Traders are closely watching volume patterns and momentum indicators for confirmation signals.
For now, Dogecoin remains in its consolidation phase while maintaining the higher-low pattern that has defined its recent market behavior. The $0.217 price point represents the current equilibrium between buyers and sellers in the market.
The post Dogecoin (DOGE) Price: Technical Analysis Shows Pattern of Higher Highs and Lows appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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