- Dogecoin is showing bullish signs after rebounding from the $0.142 support level, with strong capital inflows suggesting a potential 20% rally.
- Traders are eyeing the $0.198–$0.2 zone as a key target, supported by liquidity clusters and favorable technical indicators.
Dogecoin Holds Key Support at $0.142
Dogecoin (DOGE) appears to be consolidating in a critical range, and bulls might want to start paying close attention. After retesting the familiar $0.142 support level — a zone last visited in April — DOGE showed a strong bounce, suggesting a potential bullish resurgence. This reaction, combined with notable capital inflows indicated by a Chaikin Money Flow (CMF) reading of +0.13, has injected renewed optimism into the memecoin’s outlook.
Signs Point to Consolidation Before the Next Move
Despite DOGE’s May rally, AMBCrypto’s analysis indicates that the asset still trades within a broad range. While the overall weekly structure remains bullish, the internal structure is still bearish, and for a full reversal, Dogecoin must break above the $0.259 local high. In the meantime, the OBV (On-Balance Volume) retesting March lows and the RSI’s bearish tone hint at a possible consolidation phase — one that could precede a strong breakout.
Liquidity Clusters Suggest a Target Zone Near $0.20
Technical indicators show that the liquidity pocket between $0.145 and $0.162 has been swept, clearing the path for an upward move. New clusters have emerged at $0.173 and $0.182, with a more prominent magnetic zone near $0.21 — aligning closely with mid-range resistance. This sets the stage for a possible 20% rally, with the $0.198 to $0.2 zone shaping up as the next major resistance level.
Swing Trade Setup: Bulls Could Seize the Opportunity
For swing traders, DOGE’s reaction at $0.142 presents a potential entry point. Analysts suggest a long setup with a stop-loss just below $0.154 and a take-profit zone between $0.198 and $0.2. While moving averages may act as temporary resistance, the strong CMF and favorable range dynamics make a compelling case for a bullish push in the coming weeks.
