Dogecoin is showing technical patterns that match previous cycles which led to major price increases. The cryptocurrency has been building support around $0.16 to $0.17 after an extended accumulation period that started in 2023.
The weekly chart displays a repeating pattern of accumulation phases followed by sharp rallies and corrections. This structure appeared before explosive rallies in 2019-2020 and 2021. Currently, DOGE trades near $0.258 after defending the $0.25 support level.
A Golden Cross pattern is forming on multiple timeframes. This happens when a short-term moving average crosses above a long-term moving average. The pattern has historically preceded major rallies for Dogecoin and other altcoins.
The MACD histogram turned green on the 12-hour chart. This suggests buying pressure is increasing. The current support at $0.25 aligns with the 0.618 Fibonacci retracement and the point of control.
The chart shows consistent higher lows. This reinforces that demand remains strong even during temporary pullbacks. DOGE has climbed steadily from its base, with momentum pointing to the start of another bullish phase.
Near-term resistance sits around $0.33. Breaking above this level could open the path to $0.37, representing a potential 60% rally from current prices. This level has historically been a challenging barrier for DOGE.
$DOGE patterns are clear.
The ''green phase'' is coming. pic.twitter.com/qAy3kCCOVL
— Galaxy (@galaxyBTC) October 3, 2025
The support zone between $0.16 and $0.17 has provided a solid foundation. Strong accumulation in this range built the base for the current move higher.
Long-term projections suggest DOGE could reach $1.56 if the cycle repeats previous patterns. Some analysts see a possible move to $1 by 2026, which would represent over 330% gains from current levels.
Buenos Aires recently approved Dogecoin for tax payments. This marks a step toward real-world cryptocurrency adoption. The decision adds legitimacy beyond Dogecoin’s origins as a meme coin.
BREAKING: 🇦🇷 Buenos Aires now accepts $DOGE (Dogecoin) for tax payments. pic.twitter.com/zi6O15XAnf
— CEO (@Investments_CEO) September 17, 2025
Businesses and institutions are exploring Dogecoin for payment processing. This expands use cases beyond speculation and trading. The retail-driven community continues to fuel demand and maintain market interest.
Futures market data shows increasing confidence. Open interest in Dogecoin derivatives rose nearly 3% in the last 24 hours. More than $3.9 billion in DOGE is now locked in derivative positions across exchanges.
Gate, Binance, and Bybit lead with billions of dollars in open positions. This reflects growing trader confidence in DOGE’s prospects. The increase in futures activity suggests market participants expect further price movement.
Bitcoin and Ethereum have been consolidating recently. During these periods, altcoins like Dogecoin often attract flows from traders seeking opportunities. The combination of technical patterns and adoption news has brought DOGE back into focus.
The post Dogecoin (DOGE) Price: Soars 15% as Buenos Aires Approves DOGE for Tax Payments appeared first on CoinCentral.
