Dogecoin has entered a critical consolidation phase below the resistance of $ 0.26 after experiencing an 18% drop since its maximum local of May 10, according to the technical analysis data model of Cinesk Research.
The recent whale activity shows that 170 million tokens were thrown worth more than $ 40 million in recent days, which could be prepared for the next big break.
The recent Dogecoin price action shows a clear pattern of the bull flag after its impressive rally that began in early April.
Despite the current setback, the technical indicators suggest that this could be a healthy consolidation before another advantage.
Analysts point to a possible break in the next 7 days that could push Doge to $ 0.35- $ 0.45, which represents a possible gain of 52-114% of the current levels.
TECHNICAL ANALYSIS
- Doge exhibited a strong bullish impulse, rising from $ 0.222 to $ 0.228, forming an ascending channel with a significant support at $ 0.218-0.219.
- A key resistance zone arose at $ 0.233-0.234, where the profits occurred despite the strong volume.
- The strong recoil of the last hour of the maximum of the day suggests a possible consolidation ahead, although the underlying impulse remains positive with higher minimums established throughout the period.
- Doge experienced significant volatility with a strong correction down, falling from $ 0.233 to $ 0.227, representing a 2.57%decrease.
- There were multiple attempts to establish support between $ 0.227- $ 0.228, with brief periods of consolidation.
External references
- “Dogecoin pricing prediction: a break above $ 0.230 could unleash a full memes rally,” Cryptonews, published on May 18, 2025.
- “Dogecoin Momentum fades: the analyst expects a new test of $ 0.213”, NewsbTC, published on May 21, 2025.
- “Dogecoin Chart too good to ignore, says Trader Looking Double”, Newsbtc, published on May 21, 2025.
