Dogecoin is back at a technical level that historically favored accumulation, with the memecoin testing long-term support as weekly momentum cools. The setup, laid out by Cryptoinsightuk’s Will Taylor, points to a potential 300% move if DOGE can once again trade the upper end of its multi-year range.
Will The Dogecoin Price Explode By 300%?
For technical traders, that kind of confluence matters. A prior accumulation band, a long-term rising support line and a high-volume node clustered in the same area can strengthen the argument that downside is becoming less efficient.
“If you accumulate and only play the range itself you’re looking at 300% to the upside,” he said. “The technical argument would be it breaks out positively too. I am going to have a few stabs at doge here I think. Great for a spot buy technically though imo.”
Taylor also posted a DOGE/gold chart via X. On that weekly pair, Dogecoin appears to be revisiting a marked support zone after a long drawdown, while RSI again looks subdued and close to oversold territory. Relative-strength charts like DOGE/gold do not guarantee a reversal in USD terms, but they can reinforce the idea that the asset is approaching an area where its underperformance may be getting stretched.
At press time, DOGE traded at $0.09346.
