Here’s What Happens To The Dogecoin Price After The Consolidation Phase Ends

Dogecoin has spent the past several days locked in a tight decline that has seen it push ￰0￱ meme coin has struggled to break above $0.19, slipping between $0.17 and $0.18 in what could be described as another consolidation ￰1￱ movement follows a series of attempts to recover losses in October, which failed with a rejection at $0.205. The current chart setup has attracted interest among traders who believe a major rally move is close. A technical analysis posted on the social media platform X highlights what could happen once this slow decline period comes to an ￰2￱ Holds Its Ground In A Tight Range Technical analysis shows that Dogecoin’s price action has been fluctuating within a narrow corridor for weeks, forming a horizontal support zone between $0.17 and $0.19.

Each time the price tested the lower boundary, buyers have managed to absorb the selling pressure to prevent a deeper ￰3￱ price action shows accumulation behavior where investors quietly build positions when there’s a lack of bullish ￰4￱ same pattern appeared in late September and early October when Dogecoin consolidated before briefly spiking to $0.26. Related Reading: 4 Major Developments That Could Accelerate The Dogecoin Price To $1 In 2025 The chart below shows that Dogecoin has been consolidating since October 10, with several attempted short-lived recoveries during this period, but each one stalled below the resistance ￰5￱ last week of October was characterized by a further Dogeocin price breakdown that ended at $0.17 before picking up a little steam to $0.18.

Analysts always interpret these movements as signs that buyers are gradually regaining ￰6￱ repeated defense of the $0.17 area has become a psychological level that traders are closely ￰7￱ the support continues to hold, it means that Dogecoin is getting ready for another bounce at this ￰8￱ buyers are already positioning early for that ￰9￱ noted by crypto analyst BitGuru on X, “buyers are showing signs of stepping in again.” Possible Upside Short-Term Targets Above $0.22 If Dogecoin manages to exit this consolidation zone, the analysis projects a potential rally above $0.20 and into the mid-$0.20s ￰10￱ projection, although short-term, aligns with the rally witnessed by Dogecoin in early ￰11￱ Reading: Dogecoin Whales Are Offloading Hundreds Of Millions Of DOGE, Here Are The Facts The scenario is for Dogecoin to break above $0.2 in a swift move and return to its early October ￰12￱ price target in this case is around $0.27, and Dogecoin could break out further from here to test psychological resistance at $0.3.

The most important factors for such a move would be a bullish bounce around $0.17 and a confirmed daily close above $0.20, accompanied by rising trading ￰13￱ the time of writing, Dogecoin is trading at $0.1735 and is looking like it is about to retest the $0.17 ￰14￱ image from Getty Images, chart from ￰15￱