Dogecoin Could Rally Around 20% as Investors Await the SCOTUS Decision

Updated

January 20, 2026

Gambar Dogecoin Could Rally Around 20% as Investors Await the SCOTUS Decision

Jakarta, Pintu News – The price of Dogecoin experienced a sharp decline on January 19, erasing all the gains it had made since the beginning of the year. DOGE was trading at $0.1275, down 18% from its highest level this year.

However, this meme coin could potentially see a major recovery ahead of the Supreme Court of the United States (SCOTUS) ruling on the tariffs imposed by Donald Trump this week.

Dogecoin price could recover if SCOTUS overturns Donald Trump’s tariffs

The value of DOGE fell sharply on Monday (Jan 19) as the crypto market plummeted. Bitcoin fell below the crucial support level of $95,000, while the market capitalization of all tokens shrank by more than 2.5%.

This decline was largely due to continued concerns regarding a potential new trade war between the United States and several NATO member countries such as Germany, the United Kingdom, Sweden and Norway.

Dogecoin’s price took a hit as the number of liquidations of long (bullish) positions surged to the highest level since November. Liquidations occur when exchanges are forced to close leveraged positions due to mounting losses and depleted collateral.

However, on the positive side, there are key triggers that could drive Dogecoin’s strong rebound this week: The Supreme Court of the United States (SCOTUS). The court is scheduled to deliver a ruling on Tuesday regarding a major case regarding tariffs imposed by Donald Trump.

Polymarket User Prediction

Data from Polymarket shows that most users expect the court to rule against Trump and his tariff policies. SCOTUS could also order refunds to thousands of affected companies.

If that happens, then Trump’s new tariffs on NATO member countries could be canceled, potentially restoring today’s depressed assets.

Even so, the positive impact is likely to be temporary as the president still has other ways to impose tariffs on other countries, such as using Article 301 (unfair trade practices), Article 232 (national security), or requesting new authority from Congress.

Dogecoin also has another trigger this week. The Senate Banking Committee is likely to make progress on the pending CLARITY bill. This move could also potentially boost the crypto market, which was previously weakened by the stalled discussions.

DOGE Price Prediction: Technical Analysis

On the daily time frame chart (1/19), it can be seen that the price of DOGE briefly plummeted and bottomed out at $0.1160 in December, before starting a rebound and peaking at $0.155 on January 5.

After that, DOGE weakened again and lost some of the gains it made earlier this year. Currently, the price is moving below all moving average indicators as well as the Supertrend indicator.

However, on the positive side, DOGE started to form a hammer candlestick pattern, which is a common signal of abullish reversal. This pattern is characterized by a small candlestick body and a long lower shadow, usually appearing when the price trend is declining.

Therefore, the long-term price projection for DOGE is positive(bullish), with the initial target being at this year’s price peak of $0.1560. This target is slightly higher than the Major Pivot Point in the Murrey Math Lines tool.

The target is about 22% higher than the current price level. If DOGE manages to break this level, the potential for further upside towards $0.1953 is open – which is a major resistance level and about 55% above the current price.

Conversely, if the price drops below the December low of $0.1160, then the bullish outlook will be nullified. This drop indicates that selling pressure is still dominant in the market, with the next support level to watch being around $0.100.

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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.

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