Dogecoin (DOGE) is showing renewed attention as the latest movements in the market indicate that the cryptocurrency may be entering an accumulation phase, as it has repeatedly fallen below an important support level.
According to the charts, the cryptocurrency has now fallen below this important level for the third time, which is an indicator that the market is now preparing for an uptrend.
Dogecoin Shows Potential Accumulation Zone
A chart shared by crypto analyst Trader Tardigrade on March 18, 2026, highlights several instances where the price of Dogecoin dipped below the support zone before rising again. On the monthly chart, it is the third time the asset has experienced this.
Source: Trader Tardigrade’s X Post
Traditionally, repeated tests of the support level may either weaken it or suggest that accumulation is taking place, depending on the prevailing market environment.
In the given chart, Trader Tardigrade argues that it may suggest the existence of a “prime accumulation window,” in which liquidity tends to build up below the support level in anticipation of the next move upwards.
Setups such as this are often closely monitored by those looking for early entry opportunities.
Dogecoin Eyes Strong Support Levels
In addition to this, Trader Tardigrade also presented his bold prediction that Dogecoin could eventually trade at $2. Although these predictions are speculative, they demonstrate increased confidence as this cryptocurrency continues to gain traction.
At the time of writing, DOGE is trading at $0.09461, down 5.59% over the past 24 hours, up 1.6% over the last week, and showing a 6.08% loss over the month, according to the CoinMarketCap data.
Source: CoinMarketCap
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Confirmation Still Needed
Despite the positive premise, the scenario remains unconfirmed, and for the accumulation pattern to be valid, Dogecoin must continue to trade past resistance levels, indicating accumulation or increased demand.
Until that happens, the Dogecoin price action around the identified support zone remains important to monitor.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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