- Dogecoin price indicates a possible inverted reversal of head and shoulder formation, provided that buyers manage to defend $ 0.211.
- Market analysts emphasize a refreshed interest in Dogecoin whales, as their number of transactions hits a high one month.
- An increasing channel pattern leads a 6 -month accumulation tendency to Doge.
- The leveling trend in an exponential average of 100 and 200 days highlights a medium -term side trend in this memecoin
Doge, the largest major encryption from the market ceiling, decreased more than 8.5% during US market hours to marketing at $ 0.224. The sale pressure was probably followed by Bitcoin as it sank below the $ 118,000 signal amidst regulatory and monetary developments in the US market. As the hips are natural volatile, they submit important movements during a new market change. However, the price of Dogecoin shows opportunities for a recovery upgrade in the midst of increased interest and the formation of an enlarged model of reversal. Will the dog -themed currency recover $ 0.25?
Dogecoin Whale Bullish Recovery
On Thursday, August 14th, the encryption market experienced a sudden sale, as evidenced by the fall of Bitcoin below $ 180,000 after reaching a new high -high $ 124,517. Bearish Momentum followed a recent comment by US Finance Minister Scott Bessent, stating that the government is not going to buy “Bitcoin for its strategic stock.
The annual percentage of 3.3% higher than the expected July Producer Price Index indicates a persistent inflationary pressure, which reduces the ability to reduce interest rates in September.
However, for Dogecoin, Intraday sell-off is treated by a refreshed interest in high network investors. According to a recent tweet by market analyst Ali MartinezThe number of whale transactions (> 1 million US dollars) recently fell high one month.
This memecoin is in a correction tendency for almost a month, indicating recent data in the chain as a market feeling between the whales. Historically, a tendency to accumulate by large investors has boosted the price of coins with a renewed recovery and significant reversals.
Dogecoin Price Eyes Reversal In the middle of inverted head and shoulders
With today’s price drop, the Dogecoin price is currently trading at $ 0.224 and holds the market ceiling at $ 33.77 billion. If the stay of the residence remains, the price could collapse by 5% and seek support at the level of $ 0.211. The horizontal floor coincides closely with the exponential average of 100 and 200 days, creating a high interest rate for buyers to restore the swollen impulse.
If the support is true, this memecoin will also maintain the inflated model of reversal of inverted head and shoulders in the 4 -hour chart. The pattern looks like a “head” upside down with two smaller “shoulders” on both sides, forming a V -shaped recovery.
If the pattern is in force, the Dogecoin value could lead a strong recovery to the $ 0.26 sign and challenge the resistance of the pattern’s neck for a unblocking. The post -leak race could push the price another 10% before hitting the next significant resistance of the growing channel pattern to $ 0.28.
Since March 2025, the value of the coins resonates within the two parallel voltages of this pattern, leading a constant oblique voltage with a slight upward inclination. The value of the coins was reversed three times by the voltage of resistance to air resistance and twice from the bottom, validating how strong the pattern affects the possible direction of the dog.
An expected increase in the upper limit of the motif could offer buyers a chance for the expulsion of unblocking and coming out of this long accumulation.
Also Read: Bitcoin Price targets $ 132k with the next unraveling but there is a catch