Dogecoin's Steady Climb: What the Charts Say About Its Future

Dogecoin, a popular cryptocurrency, is showing interesting patterns that might hint at a big price jump by 2026. Let's break it down. First, the weekly chart is forming a rounded arc, similar to the one that led to a big price increase before. But this time, the arc is deeper and steeper. This could mean Dogecoin has more room to grow, possibly reaching 80 cents by 2026. The support line is holding strong, and the volume of trades is still high, which is a good sign. Now, let's look at the daily chart. It's not so positive. Dogecoin is stuck in a downward trend since April. Every time it tries to bounce back, it hits a wall. It's also below major moving averages, which are sloping downwards. But there's a demand zone between $0. 145 and $0. 150 that has held strong for nearly two years. If Dogecoin can stay above this zone, it might have a chance to recover. Looking at derivatives, there's a lot of activity. The volume of trades is up, and open interest is rising. This means traders are starting to take positions again. The long/short ratios show that big traders are betting on Dogecoin to go up. But volatility is still moderate, so no one is panicking. The key levels to watch are $0. 145 and $0. 16. If Dogecoin falls below $0. 145, it could drop to $0. 12. But if it can stay above this level and reclaim $0. 16, it might break out of the downward trend. The weekly chart is the most important here. If the arc pattern completes, Dogecoin could reach between $0. 75 and $0. 80.