Overview
- Dogecoin jumped from roughly $0.10 to about $0.14 on Jan. 4, one of the strongest one-day gains among major memecoins.
- MACD readings turned constructive with the histogram flipping toward positive territory, signaling weakening bearish pressure.
- DOGE has retested the same descending weekly trendline three times at higher lows, a setup technicians view as pressure building beneath resistance.
- Coinglass data shows heavy liquidations concentrated between $0.138 and $0.147, including about $4.71 million in the $0.138–$0.141 band, contributing to sharp intraday swings.
- Near-term projections cite $0.20–$0.28 if momentum holds, with some analysts mapping intermediate targets around $0.65 and $1.25, while historical cycle comparisons frame $10–$20 as highly speculative scenarios rather than base cases.