Analyst Alex Clay shared a weekly Dogecoin chart that looks clean and bullish. His message is simple: the structure keeps improving, and the next logical move is a higher high.
DOGE spent months building a wide accumulation base. You can see it as a rounded “cylinder” that held price between two grey zones. The lower zone sits around $0.16–$0.19. The upper zone sits around $0.28–$0.33.
Since late 2023, price has been making higher lows along a rising trendline. Each dip has been bought faster than the last. The old downtrend line from the 2021 peak was tested again in early 2024 and has now faded in importance as DOGE reclaimed higher ground.
There’s also a visible cup-like structure forming across 2024–2025. Price is now working on the right side of that cup, trading near $0.25–$0.26, and pushing toward the upper grey zone.
What you'll learn 👉
Key levels
- Support: $0.20–$0.22 (top of the lower base) and deeper support at $0.16–$0.19 along the rising trendline.
- Resistance: First at $0.28–$0.33 (upper grey zone). A weekly close above this band would confirm strength and shift the range higher.
- Breakout path: If DOGE clears $0.33 with volume, the chart leaves room for $0.36–$0.42, then $0.50+ over the mid-term. Clay’s projection shows a stair-step run that can extend toward $0.70–$0.90 later if momentum stays hot.
Why it’s constructive
Three things stand out:
- Accumulation held. Long, steady base-building usually precedes big trends.
- Smaller base within the range. Recent sideways action between the grey zones tightened the coil.
- Higher lows. Trendline support keeps rising; buyers are getting more aggressive.
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Short-term and mid-term take
In the short term, a push into $0.28–$0.33 is the test. Expect some back-and-fill there. If buyers flip that area into support, the mid-term higher high comes into view. That would put $0.36–$0.42 on the table first, followed by $0.50 and beyond.
If DOGE fails at the band and slips back under $0.22, the move likely pauses and retests the trendline around $0.19–$0.20. A weekly close below $0.18 would damage the setup and delay the thesis.
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