DOGE Holds Steady at $0.084 Amid Bullish Technical Setups

Dogecoin's price has been holding steady around $0.084 as traders weigh short-term weakness against a still-developing bullish setup.

The cryptocurrency is currently trading at $0.08447 after falling 3.59% over the past 24 hours, according to Brave New Coin data.

Dogecoin's accumulation score has reached 100, indicating persistent buying activity throughout the week rather than a single short-lived spike.

The signal was highlighted by on-chain analyst CW, who notes that continuous accumulation could be building momentum for another move higher.

The shorter-term chart is also showing signs of a possible reversal pattern with an inverse head-and-shoulders formation developing after repeatedly defending the lower part of its recent range.