Dogecoin (DOGE) currently trades at approximately $0.136, with a daily trading volume of about $1.3 billion. The price has decreased nearly 1% over the last 24 hours and 9% over the past week. Despite this dip, recent chart signals indicate a potential shift in market movement.

Dogecoin Enters Wyckoff Spring Phase

Analyst Trader Tardigrade identifies that Dogecoin is in Phase C of the Wyckoff Accumulation model, referred to as the Spring. This phase often signifies a final attempt below support before a potential reversal occurs. DOGE recently hit a new low in the $0.13 to $0.14 range, aligning with predictions for this phase.

"$Doge #Dogecoin" Wyckoff Accumulation – Phase C – Spring Wyckoff Image — Trader Tardigrade (@TATrader_Alan) December 2, 2025

The primary aim of this movement is to test support and eliminate short-term holders from the market. Should the setup maintain its integrity, the price may transition to Phase D, where upward movement would occur.

Moreover, Tardigrade noted a bullish crossover forming on the 3-day MACD. This crossover has appeared twice earlier this year—once in April and again in July—each followed by notable price increases. A third crossover is developing, with the MACD line crossing above the signal line.

The previous occurrences of this crossover led to significant price reactions, suggesting that buyers may re-enter the market. This indicator is commonly used to assess changes in short- to mid-term momentum.

Market Cycle Chart Reinforces Accumulation Perspective

Similarly, an extensive chart from analyst Bark indicates that Dogecoin is amidst its third significant market cycle. Each previous cycle involved a correction, followed by accumulation, and subsequently a breakout. The existing range of $0.05 to $0.20 has persisted since 2022.

The chart suggests a potential price increase to $5 by 2026, based on prior cycle expansions, though market conditions could vary.

“If history repeats itself, the jump will be massive,” Bark emphasized.

Contradictory Signals From On-Chain and ETF Activities

Recent wallet data illustrates contradictory behaviors among holders. As reported, individuals possessing between 10 million and 100 million DOGE have decreased their holdings by approximately 7 billion coins in recent weeks. Whale activities have hit a two-month low, directing attention towards technical setups.

In the ETF landscape, newly established Dogecoin funds in the US experienced a tepid launch, with trading volumes remaining low. However, DOGE managed to recover after reaching intraday lows of $0.132, as late-session buying countered earlier declines.