{"id":163930,"date":"2026-05-11T17:30:08","date_gmt":"2026-05-11T17:30:08","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=163930"},"modified":"2026-05-11T17:30:08","modified_gmt":"2026-05-11T17:30:08","slug":"dogecoin-price-set-to-hit-5-amid-new-influx-from-smart-money","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=163930","title":{"rendered":"Dogecoin Price Set To Hit $5 Amid New Influx From Smart Money?"},"content":{"rendered":"

Dogecoin is facing a confusing technical setup as technical analysis warns of a major higher-timeframe move that could first send DOGE into a deeper accumulation zone. The chart appears bearish at first glance, but the inverted price scale changes the reading, turning the projected drop into a longer-term bullish setup<\/a> that points to $1, $2, and eventually $5.<\/p>\n

Dogecoin Is Approaching Its Smart Money Zone<\/h2>\n

Technical analysis done by<\/a> a crypto analyst known as Crypto Patel is built around the idea that Dogecoin may still need to push lower<\/a> before its larger upside cycle begins. Crypto Patel\u2019s 3-week DOGE\/USD chart on TradingView covers over a decade, from 2014 to a projected 2028, and it shows repetitive price action. The key detail, however, is that the chart is inverted for emphasis, meaning the bearish-looking projection actually points to a bullish long-term move.<\/p>\n

The chart shows Dogecoin inside a descending channel that has guided the price for years. The first major phase began with a rejection at the upper trendline before the 2017 cycle, followed by a large move that eventually gave way to another long correction. A second major base formed around early 2021, which later led to Dogecoin\u2019s explosive run during the last meme coin mania.<\/p>\n

Crypto Patel appears to be comparing the current structure to those earlier phases. The third setup on the chart is developing right now,<\/a> where Dogecoin looks like it is rejecting at the upper trendline of the descending channel.<\/p>\n

What\u2019s Next For Dogecoin?<\/h2>\n

The marked rejection zone around the current area shows that the Dogecoin price could still revisit as low as $0.07 in the accumulation range for a bottom before a strong higher-timeframe reversal. According to Crypto Patel, retail traders will sell the bottom, but smart money traders are already setting alerts.<\/a><\/p>\n

Interestingly, on-chain data support this notion of smart money movements and whales that are accumulating Dogecoin. Recent on-chain data in early May <\/a>shows that Dogecoin whales recently recorded their busiest day in six months, and most of this activity is accumulation moves.<\/p>\n

If Dogecoin breaks below the current range without strong spot demand, the move could still drag the price deeper into Crypto Patel\u2019s $0.10 to $0.07 accumulation band. However, the projection shows the Dogecoin price reversing around the accumulation band and embarking on a rally, with the analyst pointing at $1, $2, and $5 targets.<\/p>\n

Crypto Patel\u2019s $1, $2, and $5 targets are very bullish, <\/a>especially because Dogecoin is down by 85% from its 2021 all-time high of $0.7316.<\/p>\n

At the time of writing, Dogecoin is trading at $0.109. The first major checkpoint would be confirming daily<\/a> and weekly closes above $0.10, reclaiming higher resistance levels around $0.15 to $0.20, and confirming that the current structure has moved out of a long corrective phase.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin is facing a confusing technical setup as technical analysis warns of a major higher-timeframe move that could first send DOGE into a deeper accumulation zone. The chart appears bearish at first glance, but the inverted price scale changes the reading, turning the projected drop into a longer-term bullish setup that points to $1, $2, […]<\/p>\n","protected":false},"author":0,"featured_media":163931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-163930","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\/163930"}],"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=163930"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/163930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/163931"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=163930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=163930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=163930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}