Dogecoin Weakens Today — Chart Patterns Suggest Accumulation Phase

Jakarta, Pintu News – Dogecoin (DOGE) is showing signs of a significant shift after several years in a predominantly bearish market structure.

Recent price movements on both short-term and long-term time frames indicate that the meme coin may be preparing for a larger directional move, while market participants are closely watching DOGE’s response around key technical levels.

So, how is the Dogecoin price moving today?

Dogecoin price drops 1.85% in 24 hours

On January 7, 2026, Dogecoin saw a 1.85% dip over the past 24 hours, trading at $0.1478, which is approximately IDR 2,487. During the same 24-hour period, DOGE fluctuated between IDR 2,606 and IDR 2,417.

At the time of writing, Dogecoin holds a market capitalization of around IDR 428.33 trillion, with a 24-hour trading volume of roughly IDR 31.55 trillion.

Read also: Ethereum Price Reached $3,250 Today: ETH Shows Strong Resilience?

Weekly Structure Shows Potential Trend Shift

Analyst X by the name of Trader Tardigrade notes that Dogecoin is currently visible on the weekly chart, where the price continues to touch the descending trendline that has limited the upside since its peak in 2021. It is this trendline that has kept Dogecoin in a downward trend throughout most of the current cycle.

What makes this situation different is the price response after breaking the trendline in 2024. Instead of experiencing a sharp rejection, DOGE showed a retracement and retest in the same region.

This retest is important because it signals that an area of resistance may turn into an area of acceptance, especially if there is confidence from buyers to continue defending the region.

The current price structure also suggests compression around the trendline, with a series of higher lows compared to the bottoms formed in 2022 and 2023.

From a market cycle perspective, if DOGE is able to hold strong above this trend line, it could turn into a support level and potentially push the price back to test higher resistance levels as recorded in late 2021 to 2022.

Dogecoin Daily Chart Shows Accumulation After Liquidity Sweep

On the daily chart (6/1), BitGuru analysts pointed out some clear market phases to explain why the bearish bias still remains in the Dogecoin market.

Read also: Spectacular Surge of Meme Coin Market in Early 2026: What’s Happening?

In the early stages of the market movement, it was seen that DOGE formed arounded base pattern and then entered a strong expansion phase until it peaked slightly above the $0.25 level. However, in the first week of October, the price started to fall and swept away late long positions, resulting in the market sentiment turning negative.

The price declines that occurred in November and December were fairly controlled without any strong rallies or consistent patterns of lower highs. This suggests a distribution pattern, not a panic sell-off. When prices broke through equal lows, many stop losses were triggered, and liquidity on the sell side was absorbed.

After that liquidity sweep phase, Dogecoin entered a period of tight consolidation. Volatility began to diminish, and the downward pressure began to lose steam, although the price remained above the $0.12-$0.13 range.

The latest breakout in January 2026 shows that DOGE managed to return to the $0.14-$0.15 range with strong buying pressure, signaling a potential further upside movement after this accumulation phase.

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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:

• TronWeekly. Dogecoin (DOGE) Eyes $0.21 Breakout As Trendline Tests Signal Bullish Reversal. Accessed on January 7, 2026