- DOGE reenters historic accumulation zone, signaling potential for major rally
- UTXO data shows low resistance between $0.25 and $0.36, enabling quick upside
- Double bottom pattern targets $0.46 if DOGE breaks neckline resistance at $0.26
Dogecoin (DOGE) is showing signs of a strong technical setup as it reenters a historic accumulation zone that has previously marked the start of major bull runs. The cryptocurrency is currently trading at $0.2376, reflecting a 5.47% gain in the last 24 hours.
Despite a slight dip of 6.24% over the past week, analysts believe this retracement could be the final shakeout before a significant rally. With a market cap nearing $36 billion and trading volume exceeding $8.3 billion, DOGE continues to command investor attention as momentum builds.
Historic Support Zone Signals Opportunity
According to analyst Ali Martinez, Dogecoin has returned to a key ascending range that has historically acted as a springboard for exponential rallies. This zone, supported consistently since 2015, preceded powerful surges in 2017, 2021, and again in late 2023. The current price action hovers around the lower boundary of this range, between $0.09 and $0.15, an area that has triggered multiple rebounds in the past.
Significantly, upward bounces from this trendline have often resulted in steep price escalations. Resistance levels remain around $0.34 and $0.73, suggesting considerable room for upside. Consequently, if macroeconomic conditions and crypto sentiment remain favorable, this could mark another bullish phase for DOGE.
Dogecoin $DOGE is back in a range that has historically served as a buying zone, triggering major bull runs! pic.twitter.com/bzHM1K4zBf
— Ali (@ali_charts) July 26, 2025
UTXO Analysis Suggests Clean Path to $0.36
Another insight from Martinez highlights the importance of the $0.25 price level. On-chain data shows a thick cluster of holding volume below $0.24, indicating strong buyer interest. Reclaiming $0.25 would signal strength and open a relatively resistance-free path to $0.36.
UTXO data reveals only 1.72% of volume at the $0.25 level, while the next notable cluster at $0.36 holds 3.48%. This indicates minimal selling pressure between those points. Hence, a breakout above $0.25 may lead to rapid price appreciation, offering short-term traders a potentially lucrative window.
Dogecoin $DOGE reclaiming $0.25 is a huge win because above that, there’s almost zero resistance all the way up to $0.36. pic.twitter.com/UEKXNtq5jb
— Ali (@ali_charts) July 25, 2025
Double Bottom Formation Adds Bullish Confluence
Furthermore, Martinez notes that DOGE could be forming a double bottom around the $0.13 to $0.15 zone. This classic reversal pattern suggests a trend shift from bearish to bullish.
The neckline at $0.26 serves as a crucial breakout level. A confirmed hold above this level could project prices toward $0.46, based on the pattern’s depth.
