Dogecoin (DOGE) is exhibiting multiple bullish technical formations that historically preceded major rallies, with on-chain data revealing key resistance levels at $0.18, $0.21, and $0.36. According to Glassnode analytics shared by Ali Martinez, approximately 20% of DOGE supply was last transacted near these prices – specifically 8.9% at $0.18, 7.2% at $0.21, and 3.8% at $0.36 – creating potential sell-pressure zones.
A symmetrical triangle pattern on Dogecoin's monthly chart mirrors previous structures that triggered parabolic advances, as identified by analyst Trader Tardigrade. This pattern requires a confirmed breakout above $0.21 with strong volume to activate projections targeting $3, measured by the triangle's vertical amplitude. Concurrently, a double-bottom reversal pattern on the daily chart suggests an interim target of $0.476 upon breaching the $0.265 neckline.
Recent price action shows DOGE stabilizing near $0.17 after a 4.6% dip, with robust support at $0.166-$0.167. Whale activity has surged dramatically, with large-wallet accumulation increasing 112% weekly despite declining retail interest. This accumulation coincides with easing macroeconomic pressures, including anticipated Federal Reserve rate cuts and temporary tariff pauses.