Dogecoin fall 20% – 3 signals indicating that DOGE will have a big move

Dogecoin (DOGE) has reached the familiar support zone, sparking new interest after a strong market pullback.

With a 20% drop from the recent peak, the current technical structure shows bullish divergence, indicating a potential recovery.

Peace before the storm?

As of now, DOGE is trading around $0.169, recording a slight decrease of 1.45% in the past 24 hours.

Interestingly, the trading volume has lost over 15% in this decline.

The weakening of trading volume during the price drop indicates weak momentum of the asset and a slowdown in the acceleration that DOGE has experienced in recent days.

According to technical analysis, DOGE has recorded 6 consecutive red candles and has reached an important support level of $0.167.

In the past, this level has always played the role of a price reversal zone. Since April 2025, memecoin has reached this level more than three times, and each time it has experienced a reversal, which analysts and experts are hoping will happen again.

Price increase expectations are further supported by the bullish divergence on the daily chart, as DOGE makes lower lows while the Relative Strength Index (RSI) makes higher highs, which is often a signal indicating that a growth move is about to occur.

This divergence shows that DOGE could regain upward momentum towards the next resistance level if buying pressure returns.

Source: TradingView## Divergence and breakout potential

If DOGE maintains support above $0.164, recent price action and past trends indicate the potential for a surge of over 18%, with a target near $0.20 in the short term.

Despite the short-term setup, DOGE remains below the 200-day exponential moving average. This makes the overall trend bearish unless the bulls reclaim the $0.20 zone.

Bold Prediction

On social media, optimism is spreading.

On X (previously known as Twitter), some bold predictions have emerged from experts. In a recent post, an expert noted:

"Dogecoin is repeating its previous move... It is targeting the $0.60 zone."

Meanwhile, another crypto analyst shared a post stating that:

"DOGE is on the verge of a major breakout... This chart looks crazy."

These social media posts have attracted attention from crypto enthusiasts, reflecting interest and confidence from experts in this memecoin.

31.40 million USD DOGE flows out of exchanges

Meanwhile, the analytics company CoinGlass revealed that investors and long-term holders have begun to accumulate tokens.

Data from the Spot Inflow/Outflow indicator shows that exchanges have seen an outflow of DOGE worth 31.38 million USD in the past 48 hours.

Source: CoinGlassThe outflow of capital from exchanges indicates the accumulation potential from investors and long-term holders, which could lead to increased buying pressure and continued upward momentum.

Vincent