Dogecoin (DOGE) is rebounding strongly alongside the broader meme coin market, which has skilled a notable uptick in Q1 2026. As sentiment surrounding meme cash continues to enhance, a crypto analyst means that Dogecoin might be positioning for extra positive aspects. The analyst notes that Dogecoin’s speedy accumulation indicators the potential for a pointy upward sweep within the close to time period.
Dogecoin Accumulation Alerts Upward Sweep
Crypto market skilled Bitguru lately shared a recent technical outlook on Dogecoin, highlighting how its value construction has constantly modified after months of corrective motion. In keeping with him, a accomplished liquidity sweep adopted by an prolonged consolidation section means that the market has reset and could also be establishing for a bullish continuation.
Associated Studying: Catalysts That Suggests The Dogecoin Worth Rally May Proceed
Bitguru defined that Dogecoin’s chart exhibits value stability after clearing sell-side liquidity between November and December 2025, which pushed out weak holders and created a base for accumulation. The consolidation that continued into 2026 exhibits decrease volatility and regular base constructing, two situations the analyst believes are wanted earlier than Dogecoin’s subsequent main value transfer.
The chart additionally illustrates bullish patterns, equivalent to a rounded H cup formation and a continuation section in the course of 2025, which helped set up increased value ranges earlier than the broader market pullback. Bitguru added that Dogecoin’s current transfer again above the important thing assist close to $0.14 suggests accumulation is probably going accomplished, as value now begins to tighten and transfer upward from its base degree.
He famous that so long as Dogecoin stays above this reclaimed assist, the probabilities of an upward sweep towards increased provide zones improve. The chart additionally factors to potential positive aspects reaching the highlighted inexperienced goal space between $0.188 and $0.194, which traces up with previous resistance ranges which have beforehand restricted value motion throughout the decline.
Space That May Invalidate Upward Sweep
Bitguru’s chart additionally exhibits the potential for a value decline regardless of the speedy improve in accumulation. The purple zone on the chart represents a stop-loss or danger space. If Dogecoin falls beneath the assist space round $0.148, it may provoke a drop towards new lows inside this danger zone.
Associated Studying
If the meme coin’s value dips beneath the consolidation zone between $0.146 and $0.148, then the analyst’s bullish setup and potential upward sweep might be invalidated. The chart initiatives a possible decline to the $0.13-$0.11 vary, reflecting a lower of greater than 9% from present ranges.
On the time of writing, the Dogecoin value is buying and selling at $0.143, up greater than 18% this week, based on CoinMarketCap knowledge. Though the meme coin is displaying clear indicators of a restoration from former downtrends, its buying and selling quantity remains to be down by greater than 30%. Furthermore, DOGE’s value has been unexpectedly unstable lately, dropping by 5% over the previous 24 hours.
Featured picture from Pngtree, chart from Tradingview.com
