Dogecoin (DOGE) is multiplying strongly alongside the wider meme coin market, which has had a significant uptick in Q1 2026. As the sentiment surrounding meme coins continues to improve, a crypto analyst suggests that Dogecoin may post further gains. The analyst notes that the rapid rally of Dogecoin indicates the possibility of a sharp sweep to the top in the near term.
Dogecoin Accumulation Signals Upward Sweep
Crypto market expert Bitguru recently shared A new technical perspective on Dogecoin, highlighting how its price structure has continuously changed months of corrective movement. According to him, the complete financial sweep followed by extended assembly phase suggests that the market has reset and may be set for a bullish continuation.
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Bitguru explained that the Dogecoin chart shows price stability after the removal liquidity of sales between November and December 2025, which drove out weak holders and created a base for accumulation. The continued consolidation until 2026 shows low volatility and the formation of a strong base, two conditions the analyst believes are necessary before then. The highest value of Dogecoin.
The chart also shows bullish patterns, such as a rounded H-cup formation and a continuation phase in mid-2025, which helped establish high price levels before a broader market pullback. Bitguru added that Dogecoin’s recent move back above key support near $0.14 suggests accumulation it may have been completed, as the price is now starting to firm up and move higher from its base level.
He noted that as long as Dogecoin stays above this regained support, the chances of an upward sweep are increasing in supply areas. The chart also shows potential gains to reach the highlighted green target area between $0.188 and $0.194, which is in line with previous resistance levels that have been limiting price movements during the downtrend.
A Place to Disable High Sweep
Bitguru’s chart shows chance of a price drop despite the rapid increase in accumulation. The red area on the chart represents a loss or risk area. If Dogecoin falls below the support area around $0.148, it may start to move down to new lows within this risk zone.
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If the price of the meme token falls below the consolidation zone between $0.146 and $0.148, then the analyst bullish setup and strong upward sweeps may be invalidated. The chart produces a potential downside to the $0.13-$0.11 range, indicating a decline of more than 9% from current levels.
At the time of writing, the price of Dogecoin is trading at $0.143, up more than 18% this week, according to CoinMarketCap data. Although the meme coin showing clear signs of recovery from previous downtrends, its trading volume is still down more than 30%. In addition, the price of DOGE has been unexpectedly volatile recently, dropping 5% in the last 24 hours.
Featured image from Pngtree, chart from Tradingview.com
