DOGE Prepares for Potential 140% Rally as Rare Technical Setup Forms
Dogecoin's price action has been stuck at $0.07 for over seven weeks, but recent technical indicators suggest it may be preparing for a significant move.
The weekly RSI remains in the oversold zone, and the memecoin hasn't entered the overbought zone since Q3 2025. This prolonged accumulation phase is where things start to get interesting.
A look at DOGE's CVDD Channel reveals that it's currently sitting at one of the most extreme levels seen in its history, indicating on-chain undervaluation.
This rare technical setup could be building a solid base for Dogecoin's next major move. Large holders have accumulated over 430 million DOGE in the past week, adding to the bullish sentiment.
The setup is drawing comparisons to Dogecoin's 2022 cycle, when it rallied over 140% in a month. Analysts point to a big five-wave structure, with Dogecoin now in the fourth wave of accumulation.