Dogecoin rises 16% in a week as chart patterns and volume suggest the start of a recovery phase, with eyes on a $1 target by 2026.
Dogecoin (DOGE) is trading at $0.147 after gaining over 16% in the past week. Despite a minor 24-hour drop of 3%, price levels remain above the previous week’s low of $0.117. Daily volume is at $1.83 billion, showing ongoing interest in the meme coin market, which has also lifted assets like SHIB and PEPE.
The OG meme coin reached a local high of over $0.15 before easing slightly. The price action is now sitting near resistance, with traders watching for signs of follow-through or pullback.
Pattern Suggests Start of Recovery Phase
A 3-month Dogecoin chart from Trader Tardigrade outlines a repeating cycle that has appeared twice since 2021. Each full cycle has followed a pattern: five quarters of decline, followed by five quarters of recovery, and then a four-quarter rally. The latest downtrend phase appears to have ended in late 2025.
The present candle gives an indication of the beginning of a potential recovery, by the way past cycles unfolded. The pattern suggests that the recovery might extend to multiple quarters, establishing the next uptrend phase somewhere in 2027. Tardigrade wrote,
“$DOGE might be entering a recovery phase and gearing up for an uptrend.”
Indicators Point to Early Market Activity
Dogecoin’s RSI is currently at around 42. While still under the neutral 50 mark, it has risen slightly from earlier lows. This may show weakening bearish pressure, though the signal is not yet strong enough to confirm a shift in trend.
Volume data shows 1.83 billion in recent buy volume compared to 2.01 billion in sell volume. The net flow remains negative, which suggests sellers are still active. Open interest is holding near 2.27 billion, up from earlier periods. That points to more participation, possibly from traders positioning early in case of a larger move.
Longer-Term Targets Draw Attention
Crypto analyst Javon Marks pointed to past Dogecoin rallies in earlier market cycles, noting gains of 9,000% and 28,000%. He added:
You may also like:
“We see another 9,000% increase and we’re looking at a near $10 Dogecoin.”
His current technical targets are $0.65 and $1.25, depending on market momentum. Separately, @Investments_CEO stated that DOGE could reach $1 by the end of 2026, citing ETF-related developments and adoption trends as possible drivers.
Meanwhile, SoSoValue reported minor inflows of just over $2 million this month. CryptoPotato noted that some large holders sold around 150 million DOGE in recent days. The coin remains active, with both short-term moves and long-term projections drawing market attention.
SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).
