Dogecoin meme uptrend: Technical analysis forecasts DOGE heading toward $0.80

Dogecoin is currently trading at $0.09 with a 24-hour increase of +3.52%, amid analyst predictions that the meme rally could surge strongly from the current accumulation zone. After a liquidity sweep below $0.095, DOGE regained support and showed clear signs of recovery, leading the crypto community to anticipate a potential strong rally in the coming weeks. Small cycle patterns combined with macro structure indicate the possibility of continuing the upward trend, with a target price of $0.80 in sight.

Bullish Breakout Candle - Signaling the Start of the Meme Rally

According to Trader Tardigrade’s analysis on the 4-hour chart, a classic descending wedge pattern was broken upward, confirming a shift from weak to strong momentum. The upper boundary of the wedge connects lower highs from around $0.125, while the lower boundary records decreasing lows to $0.094 before the breakout.

The breakout occurred near $0.095 with a strong bullish candle pushing the price up to $0.105, reflecting increased buying pressure after a tense accumulation phase. This rebound from a key support level suggests that Dogecoin’s meme rally could accelerate.

To sustain the upward trend, a critical support level is at $0.100, which was the previous resistance of the wedge. Holding this support will protect the current breakout structure. Next resistance targets are around $0.110 and $0.125, which also mark the start points of the wedge pattern. If the price is rejected below $0.098, the setup could weaken, risking a return to $0.093.

However, momentum indicators show that the short-term structure is improving, with the pattern in early recovery—a positive sign for this meme rally.

Small Accumulation Cycles Hint at 190% to 480% Upside Potential

BitcoinSensus analyst describes a macro accumulation pattern similar to previous historical phases. Data indicates that when Dogecoin corrected down to around $0.08, these phases led to explosive rallies of 190% and 480% in past cycles. The current price range reflects a similar environment, suggesting the meme rally may soon enter an expansion phase.

DOGE is now in a horizontal demand zone around $0.15, after declining from a previous cycle high near $0.45. A descending resistance from the peak still exerts pressure, but signs indicate the final stage of accumulation is ending.

Forecasts suggest that if Dogecoin breaks above the descending resistance and recovers past $0.25, a new rally could begin. The macro trend projects a path toward $0.80, similar to previous growth cycles after fund phases. However, continuation depends on maintaining support above $0.10—a key level to protect the entire recovery structure.

Liquidity Sweep Reversal - Recovery from $0.10 to $0.21

According to BitGuru, the daily chart shows a liquidity sweep below $0.100 that was quickly recovered through a rapid rebound. The price temporarily broke support before regaining it, establishing a tight trading range and a liquidity reversal structure—bullish signals for Dogecoin’s meme rally.

The chart also notes a prior accumulation phase that led to a strong breakout above $0.30. In the current structure, the price formed a low below the supply zone near $0.16. This zone represents the first important resistance level to continue the upward trend.

If Dogecoin recovers and closes above $0.146, it could build momentum toward $0.21. These levels align with the next supply zone, opening the path for the meme rally to climb higher. Sustaining support above $0.10 is crucial to protect the entire recovery structure. Any close below $0.095 would invalidate the reversal setup, increasing the risk of a decline to $0.085.

Currently, DOGE remains above the regained support, with a structure indicating a clear shift from accumulation to early recovery. With this meme rally, investors are awaiting confirmation of reaching the $0.80 target in the coming months.