Dogecoin has entered a critical consolidation phase below $ 0.26 resistance after experiencing a decrease of 18% since May 10 local high, according to Coindesk Research’s technical analysis data model.

The latest whale activity shows that 170 million tokens worth over $ 40 million was shed in the last few days, potentially created for the next big outbreak.

Dogecoin’s recent price action shows a clear bull flag pattern that is formed after the impressive rally that began in early April.

Despite the current withdrawal, technical indicators suggest that this may be a healthy consolidation before another leg up.

Analysts point to a potential outbreak within the next 7 days that could push DOGE against $ 0.35- $ 0.45, representing a potential 52-114% gain from the current levels.

Technical analysis highlights

• DOGE exhibited a strong bullish momentum and climbed from $ 0.222 to $ 0.228 and formed an upward channel with significant support for $ 0.218-0,219.
• A key resistance zone occurred at $ 0.233-0,234, where profit recordings emerged despite strong volume.
• The last hour’s sharp withdrawal from today’s high suggests potential consolidation ahead, although the underlying momentum remains positive with higher low lowly lower throughout the period.
• DOGE experienced considerable volatility with a sharp downward correction and dropped from $ 0.233 to $ 0.227, representing a drop of 2.57%.
• Several attempts to establish support occurred between $ 0.227- $ 0.228 with short consolidation periods.

External references

• “Dogecoin Prize Forest: A break over $ 0.230 could loosen a full-blown meme-rally”, Cryptonews, published May 18, 2025.
• “Dogecoin Momentum FADES – Analyst expects $ 0.213 gene test”, NewsBTC, published May 21, 2025.
• “Dogecoin chart for good to ignore, says traders double,” NewsBTC, published May 21, 2025.