Dogecoin Rises 2% Today as Evidence of Accumulation Mounts — What Comes Next?

Jakarta, Pintu News – The Dogecoin (DOGE) price has been volatile in recent weeks due to broader market pressures. However, its long-term indicators point to the potential for greater trend formation.

Although currently dominated by bearish sentiment in the short-term, this classic meme coin is displaying a strong chart pattern – one that has previously triggered large spikes. Now, DOGE has caught the attention of traders again. Will DOGE experience a rally soon?

Dogecoin Price Rises 2.57% in 24 Hours

On October 20, 2025, Dogecoin saw a 2.57% increase over the past 24 hours, trading at $0.1942 — approximately IDR 3,234. Throughout the day, DOGE moved within a price range of IDR 3,106 to IDR 3,307.

At the time of writing, Dogecoin’s market capitalization is around IDR 487.19 trillion, with a 24-hour trading volume of approximately IDR 32.95 trillion.

Read also: Ethereum Price Holds at $3,900 Today — Is a Rally to $4,500 Next?

Bears Rule, but Signs of Accumulation Are Evident

After the Trump administration announced 100% tariffs on imports from China, the crypto market experienced a massive liquidation. Even Dogecoin was significantly impacted in a very short period of time on October 10.

However, DOGE managed to find stability around the $0.18 level, where whales and large market participants absorbed heavy selling pressure. This buying pattern suggests accumulation, not panic – signaling that “smart money” may have quietly started forming positions ahead of a potential uptrend.

Meanwhile, derivative funding levels that had spiked due to short positions have now returned to normal – a signal that market sentiment is stabilizing. The current price of DOGE reflects cautious optimism, with bulls looking to regain control from bears after weeks of volatile price movements.

Read also: 3 Meme Coins hat Soared When the Crypto Market Crashed

Dogecoin’s Historical Rhythm Repeats

Historically, the Dogecoin price chart often shows long consolidation phases that are then followed by explosive price spikes. The current formation is very similar to the pre-rally patterns seen in the previous two major bull run cycles.

Trader Tardigrade’s analyst in the illustration he shared pointed out that in the First Cycle (2015-2017), DOGE traded in an ascending triangle pattern before surging from a price below $0.001 to over $0.01.

In the Second Cycle (2018-2021), the price increase came after a long period of sideways movement, during which Dogecoin skyrocketed to near $0.75 – setting an all-time record high.

Now in the Current Cycle (2022-2025), the DOGE chart shows a symmetrical triangle forming around the $0.25 area. Dogecoin price predictions indicate that if the historical momentum is repeated on the monthly chart, the next rally could push the price through the $1.00 mark.

In addition, the absence of upper wicks on the last monthly candle also signals accumulation and low selling pressure – a characteristic that was previously often seen ahead of major Dogecoin price expansions.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Dogecoin Price Hints at a Major Move as Historical Pattern Reappears. Accessed on October 20, 2025