Dogecoin is approaching phase E of Wyckoff as stronger breakout signals emerge.

Dogecoin has recently shown a strong price recovery, holding firm at important support levels despite the general market fluctuations. The popular meme coin is currently undergoing a critical phase of Wyckoff Accumulation, indicating that a significant breakout may be approaching. Current trading patterns, volume changes, and technical structure are linking together to signal that the next bullish move could occur. The Wyckoff accumulation phase is nearly complete. According to an analysis prepared by Trader Tardigrade, Dogecoin is progressing through the final stages of Wyckoff Accumulation. In Stage C, a "Test" follows a "Spring," marking a characteristic move of this technical setup. The recent recovery near $0.178 is being seen as part of this structured development. Phase D has some support points (LPS), strength indicators (SOS), and backups (BU), according to observations by the cryptocurrency trader Memecrypto. This confirms that the price structure of Dogecoin is operating according to the Wyckoff model. The asset is currently consolidating below the red resistance lines, and if maintained, could soon lead to phase E and a breakout. Memecrypto stated, "The market does not wait for latecomers," indicating that momentum is picking up quickly. The current support at the 50 EMA around $0.1783 is crucial, and buyers are defending this level. A close above $0.185 will further strengthen the bullish outlook. Breakthrough targets and market sentiment According to the analysis prepared by BitGuru, the immediate breakout resistance level for Dogecoin is at 0.185 dollars. If the price holds and surpasses this level, the next targets will be 0.189 dollars and 0.1929 dollars. Maintaining the support level of 0.178 dollars is still essential to avoid deeper corrections to 0.174 dollars or 0.170 dollars.

Kamran Asghar also mentioned on X that Dogecoin has developed a bullish flag and a breakout could take DOGE to a level of $0.22. Furthermore, Master Kenobi pointed out that if the current consolidation process is successful, Dogecoin could reach $0.90 within 55 days. The trading volume is at 1.76 billion dollars, while the market capitalization is nearly 27.05 billion dollars, according to data from CoinMarketCap. The technical structure indicates that DOGE is preparing to complete the Wyckoff accumulation pattern and may start a strong bullish move.