Dogecoin's daily trading volume shot up to $465.9 million, drawing renewed attention to its technical setup. Analyst Trader Tardigrade pointed out that the monthly Heikin Ashi chart shows DOGE retesting a triangle apex, a formation that preceded major rallies in both the 2017 and 2020 cycles.
Monthly Heikin Ashi Triangle Echoes Past Cycles
Trader Tardigrade noted the current structure has appeared in all three major cycles, with the retest phase now complete. On the quarterly timeframe, a long-term bullish pennant pattern is tightening, narrowing the price band. Analysts view this zone as pivotal for determining DOGE's next major move.
Another widely followed analyst, Ali Charts, reported that after a TD Sequential buy signal formed on the three-day chart, DOGE bounced nearly 8%. The TD Sequential is often cited when downward pressure shows signs of fading.
Key Support and Resistance Zones
DOGE currently trades at $0.087. The first recovery zone sits between $0.092 and $0.100. A clear break above $0.092 is considered essential for further gains, with resistance at $0.108 and $0.116. According to Coinvo Trading, a sustained move above $0.116 could open the door to $0.180-$0.190.
On the downside, $0.078-$0.080 serves as the main defense. If that support fails, traders may watch $0.070 and $0.060. Analyst Daan Crypto Trades highlighted that the $0.06-$0.08 band has acted as strong support during previous bear phases. Wide Bollinger Bands signal ongoing volatility, while the MACD — though still negative — is flattening, suggesting a potential momentum shift.
MoonPay Integration Boosts Real-World Adoption
Beyond technicals, DOGE's utility got a lift. Payment platform MoonPay enabled DOGE support across 6,000+ international merchants via its MoonPay Commerce infrastructure. In collaboration with House of Doge, the feature allows businesses to instantly settle local fiat payments in Dogecoin.