Dogecoin is back at a technical level that historically favored accumulation, with the memecoin testing long-term support as weekly momentum cools. The setup, laid out by Cryptoinsightuk\u2019s Will Taylor, points to a potential 300% move if DOGE can once again trade the upper end of its multi-year range.<\/p>\n
Taylor\u2019s thesis<\/a> is built almost entirely on structure. On the weekly DOGE\/USDT chart he shared, Dogecoin was sitting near $0.09006, pressed into the lower boundary of a broad pennant formation that has contained price action for years. The same chart marked a projected move to roughly $0.27304, labeled as a 302.43% upside swing from current levels.<\/p>\n \u201cDOGE is technically at such an interesting level again,\u201d Taylor wrote on X. \u201cWeekly RSI looks compressed as downside momentum slows. We are revisiting a previous area of accumulation \/ support AND at the bottom of a wider range (Bull Pennant). We are also at the area of most trading volume, can often be a reversal area<\/a>.\u201d<\/p>\n That combination is the core of the bullish case. In Taylor\u2019s view, Dogecoin is not just drifting into support in price terms; it is also returning to the heaviest historical trading zone<\/a> on the volume profile, a region where buyers and sellers previously did the most business.<\/p>\n For technical traders, that kind of confluence matters. A prior accumulation band, a long-term rising support line and a high-volume node clustered in the same area can strengthen the argument that downside is becoming less efficient.<\/p>\n The weekly RSI reading is also central to his call. Taylor did not attach a numeric target for the indicator, but the chart shows RSI compressed near the lower end of its recent range, with the momentum curve flattening after a long decline. His reading is that selling pressure is slowing rather than accelerating, which makes the current zone more interesting<\/a> for spot accumulation than for momentum shorts.<\/p>\n \u201cIf you accumulate and only play the range itself you\u2019re looking at 300% to the upside,\u201d he said. \u201cThe technical argument would be it breaks out positively too. I am going to have a few stabs at doge here I think. Great for a spot buy technically though imo.\u201d<\/p>\n Taylor also posted a DOGE\/gold chart via X. On that weekly pair, Dogecoin appears to be revisiting a marked support zone after a long drawdown, while RSI again looks subdued and close to oversold territory. Relative-strength charts like DOGE\/gold do not guarantee a reversal in USD terms, but they can reinforce the idea that the asset is approaching an area where its underperformance may be getting stretched.<\/p>\n At press time, DOGE traded at $0.09346.<\/p>","protected":false},"excerpt":{"rendered":" Dogecoin is back at a technical level that historically favored accumulation, with the memecoin testing long-term support as weekly momentum cools. The setup, laid out by Cryptoinsightuk\u2019s Will Taylor, points to a potential 300% move if DOGE can once again trade the upper end of its multi-year range. Will The Dogecoin Price Explode By 300%? […]<\/p>\n","protected":false},"author":0,"featured_media":144507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-144506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/144506"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=144506"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/144506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/144507"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=144506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=144506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=144506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}