With Accumulation Rising, Is Dogecoin Poised for a Move to $0.50?

Jakarta, Pintu News – Dogecoin (DOGE), the community-driven meme coin, is now showing signs of heading towards a significant move while traders are watching the possible breakout carefully.

Currently, DOGE is going through a consolidation phase around the $0.20 level, slowly gathering strength. Analysts have identified a potential breakout that could push the price towards the $0.50 mark.

In this article, we will analyze Dogecoin’s price chart and price action to determine the factors driving its growth and momentum. As of October 21, Dogecoin was trading at $0.2016, up 2.13% in 24 hours.

Analysts Optimistic, Chart Shows Stable Uptrend

Based on the latest update from Elite Crypto on the X platform, Dogecoin is showing a pattern that is ready for a breakout. If the historical pattern repeats, then there is a possibility that the price of DOGE could be pushed towards the $0.50 level.

Read also: Dogecoin Price Weakens Today (10/22/25): Bearish DOGE Starting to Dominate the Market?

Meanwhile, according to data from TradingView, DOGE is currently trading at around $0.20. The coin is starting to show signs of recovery after rising from the lower Bollinger Band support level at $0.16.

Currently, DOGE is facing an important resistance area in the range of $0.21-$0.22. If it is able to break and hold above this level, the positive momentum could continue.

If the price is able to hold above this resistance, then a move to the $0.25-$0.30 range is very likely. However, to reach the $0.50 target, it will require strong market momentum and high buying interest.

This means that the $0.50 level is more realistic as a long-term target than short-term expectations.

Community Activities Stay Active

Based on data from LunarCrush, Dogecoin has a market dominance of 0.81%. The chart shows high social activity and active community conversations. When the community is active and confident, this can have a positive impact on the price. Community support is one of the main drivers that could take DOGE to new heights.

Read also: Can BNB Overthrow Ethereum? 3 Key Signals Heating Up the Debate

The increased market dominance also indicates growing investor interest, which strengthens the potential for a breakout towards $0.50.

This meme coin shows positive technical momentum as well as solid community support. While the potential to reach $0.50 exists, it still cannot be guaranteed. DOGE must be able to sustain its current price levels, as well as maintain strong social and market support to realize a breakout.

Given the highly volatile world of crypto, a price correction is possible. But with the current momentum, the road to $0.50 looks more open and possible.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• TronWeekly. DOGE Eyes Next Bull Run: Accumulation Signals Potential Rally to $0.50. Accessed on October 22, 2025