Can DOGE Push Through Three Key Sell Zones to Hit $0.20?

Updated

January 8, 2026

Gambar Can DOGE Push Through Three Key Sell Zones to Hit $0.20?

Jakarta, Pintu News – Meme coins have experienced a sharp surge earlier this year, with market sentiment turning extremely bullish in recent sessions. The total market capitalization for the meme coin sector has increased by more than $30 billion in just a few days, reflecting increased risk appetite and aggressive participation from traders.

Amidst this surge, Dogecoin led the way by showing significant upward momentum. Interestingly, the price movement continued to show resilience even after the initial surge, indicating that this rally may still be in its early stages, and not yet showing signs of exhaustion.

Increased Trader Participation

In the first week of December, the price of DOGE dipped below the local support level around $0.136. Interestingly, at the same time, the number of successful transactions increased, signaling a surge in participation from traders.

After experiencing a prolonged decline throughout the fourth quarter, DOGE’s transaction volume has started to increase again since late December. This increase coincided with price stabilization and an upward breakout.

For traders, this is important as increased transaction activity often reflects a return of market interest and capital rotation – not just a speculative price spike. This latest spike suggests that DOGE’s rally is being supported by stronger on-chain engagement, reinforcing the view that the price increase was triggered by broader market interest, not just a temporary boost.

DOGE Volatility Expected to Increase

From a trading point of view, the heatmap shows important liquidity areas that could be short-term price magnets. The concentration of liquidity above the $0.155-$0.160 zone suggests that the rally could continue faster if DOGE breaks out of this area, as short positions will most likely be forced to cover.

Conversely, the accumulated liquidity in the $0.145-$0.142 range becomes a downside risk area, where late-entry long positions could be exposed to liquidation if prices weaken.

Traders are advised to look out for price movements that enter these zones accompanied by increased volume, as such moves are often fast and aggressive – more likely to be momentum-driven than slow, controlled price movements.

What’s Next for DOGE Price?

After experiencing a strong recovery and successfully breaking out of its long-term bearish structure, Dogecoin is now entering a consolidation phase. On the weekly chart, DOGE is still holding above its 200-week moving average (200-week MA) around $0.137 – an important level that is often referenced for long-term trend direction.

Although the meme coin sector as a whole is still showing strength, DOGE is currently “digesting” its previous gains. This pause phase seems to be corrective, not distributional, as the price continues to respect the support levels of the higher time frames.

Technically, DOGE is currently moving in a descending channel pattern, signaling a controlled correction after the previous breakout. The uptrend line from mid-2024 still acts as dynamic support in the $0.14 range, while resistance above remains in the $0.17-$0.18 range.

As long as the price is able to stay above this support, the bullish structure is maintained. If DOGE manages to break the channel to the upside, then there is a chance of heading towards higher resistance levels in the next few weeks.

Will Dogecoin Price Reach $1 in 2026?

The possibility of Dogecoin reaching $1 in 2026 does exist, but it’s not a base-case scenario.

Although DOGE has managed to break out of the long-term downtrend, it still needs to cross an important supply area in the range of $0.30 to $0.40, accompanied by increased volume, in order to sustain higher price targets.

Looking at the current structure and momentum, a target of $1 in 2026 is not considered the most likely scenario – unless there are unusually large catalysts and broad market forces.

Traders should treat the $1 target as a possible continuation only if DOGE is able to break these key levels with conviction and solid volume support.

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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.

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