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Will Dogecoin Repeat Its 2021 Surge? Here’s What to Watch For
In the latest dogecoin news, crypto analyst Osemka (@Osemka8) highlights that Dogecoin is re-entering a familiar trading pattern across multiple timeframes. His analysis suggests that Dogecoin’s price action is closely mirroring the “OTHERS” index, indicating a strong correlation. Currently, Dogecoin is deep within a textbook Wyckoff accumulation phase, a scenario that could indicate significant future price movements.
Osemka’s recent charts reveal a decade-long perspective alongside a detailed daily structure map. The current price fluctuations are framed as a classic test phase, often characterized by market exhaustion on both sides before continuing the prevailing trend.
Understanding Dogecoin’s Wyckoff Accumulation
On the long-term chart, Dogecoin displays a series of rounded basing formations that have historically preceded two major vertical advances. The first formation developed from 2014 to 2017, setting the stage for the initial markup. The second arc, spanning 2018 through 2020, culminated in the explosive surge of 2021. A broader arc has been forming since 2022, extending into 2025. Presently, Dogecoin is trading below $0.20, yet the rounding contour remains intact, echoing the setups that led to rapid expansions in the past when supply diminished above the range highs.
The daily chart provides granular insights into the Wyckoff schematic. Here, Osemka identifies key phases: Preliminary Support (PS), Selling Climax (SC), Automatic Rally (AR), and Secondary Test (ST). These phases confirm the lower boundary of a gently ascending channel. Following a sharp decline into a “Spring,” characterized by high capitulation volume, the price rebounded, often a terminal shakeout typical of Phase C in the Wyckoff model.
The Current Market Landscape
Since that rebound, Dogecoin’s price has coiled within a “Test phase,” fluctuating between $0.18 and $0.22 as market participants seek residual supply. An overhead local supply zone exists between $0.26 and $0.28, aligning with the channel’s upper half. The channel ceiling approaches the low-$0.30s (~$0.32), where supply has historically slowed advances.
According to Osemka, Dogecoin typically lags in risk rotations. He notes that the market breadth improves first, followed by small-cap breakouts via the iShares Russell 2000 ETF (IWM). Only when the OTHERS index clears its previous all-time high does Dogecoin experience an acceleration in price. Osemka emphasizes that Dogecoin’s previous patterns have shown a rounded bottom each time, suggesting that a significant movement could follow a shift to a risk-on macro environment.
Key Levels to Monitor
For traders focused on these levels, the near-term battlegrounds are clearly defined. The test box between $0.18 and $0.22 must maintain its series of higher lows to keep Phase D active. The local supply at $0.26–$0.28 presents the first significant resistance level that needs to be absorbed. Moreover, the rising channel top near ~$0.32 is where bullish control may be established.
The ongoing accumulation phase serves as a “perfect Wyckoff trap,” testing traders’ patience and conviction. The intermarket checklist that traditionally precedes Dogecoin’s impulsive movements is still awaiting its final signal.
As of the latest update, Dogecoin trades at $0.194, leaving traders watching closely for the next move in this compelling market. For those interested in exploring more about cryptocurrency, check out this section. Additionally, for trading opportunities, visit Binance for the latest offerings.
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