Dogecoin Eyes $0.30 as Bullish Pattern Emerges—Memecoin Traders Hold Their Breath

Dogecoin’s chart is flashing a familiar signal—one that could send the memecoin soaring toward $0.30 if history repeats itself. Traders are circling as the pattern tightens, though skeptics mutter about ’technical analysis’ being the horoscopes of finance.

The setup? A textbook bullish consolidation after recent gains, with volume ticking up just enough to hint at momentum. Whether this is the real deal or another false dawn for DOGE remains to be seen—but for now, the Shiba Inu pack is howling for upside.

Source: TradingView

DOGE whale activity sparks bullish signals

Adding further strength to this bullish setup is a noticeable increase in whale activity. AMBCrypto’s DEEP on-chain analysis of CryptoQuant data reveals a steady accumulation of large orders at the current price level.

These strategic long positions suggest that major holders are positioning themselves for an upward move.

Whale accumulation is often a strong indicator of price action, especially when paired with technical signals like the current bullish flag. Their ability to influence market trends appears tilted toward Optimism at this stage.

Source: CryptoQuant

Active addresses rise by over 30% in 24 hours

Adding to the bullish projection is a spectacular surge in Dogecoin network activity.  At press time, DOGE’s Active Addresses were up by over 34% in 24 hours alone. The surge is a sign of growing participation and new interest from the broader market.

A rise in active addresses typically precedes price movement, since it shows growing demand and activity. Paired with whale accumulation and a bullish chart structure, the potential for a significant breakout gets more compelling.

Rally to $0.30? Here’s what to watch next

While there is no certainty in crypto, the confluence of technical and on-chain signals makes a very strong case for a MOVE higher.

If DOGE can manage to flip its flag resistance into support, momentum WOULD more than likely drive prices well above $0.30 price level.