DOGE Reenters Accumulation Zone Traders Watch For Next Breakout

In Brief

• Dogecoin has reentered a long-term accumulation zone.
• Price action suggests stabilization, not breakdown.
• Traders await confirmation before a breakout.

Dogecoin (DOGE) has drifted lower for months, but its latest weekly close puts it back at a level that has historically mattered, as it has once again touched its long-term base.

According to a chart shared by popular cryptocurrency market expert Trader Tardigrade in an X post on February 4, this is a zone that previously marked the end of extended downtrends. So, is this accumulation, or just another pause?

What The Weekly Chart Is Showing

The weekly DOGE chart highlights a broad base that has acted as structural support across multiple cycles. In prior instances, price compressed in this zone before volatility expanded to the upside.

This time, the move back into the base follows a long sequence of lower highs and weakening momentum. Rather than a sharp breakdown, the price appears to be stabilizing, suggesting selling pressure is no longer accelerating.

Base retests on higher timeframes matter because they reflect longer-term positioning. Short-term noise fades, whereas accumulation and distribution become clearer. Historically, Dogecoin has spent weeks (not days) building out of these zones.

https://twitter.com/TATrader_Alan/status/2018943364910219757

Currently, DOGE is changing hands at the price of $0.1073, up 0.7% in the last 24 hours, declining 15% across the previous seven days, and accumulating a more significant loss of 27.2% over the past month, per the latest chart data.

*DOGE price 7-day chart. Source: CoinGecko*

Why Traders Watch Base Retests Closely

When the price revisits a well-defined base, it forces a decision. Either support holds and becomes a foundation for a new trend, or it fails and opens the door to deeper downside.

In Dogecoin’s case, previous base touches coincided with periods of low volatility, followed by strong directional moves. That doesn’t guarantee the same outcome now, especially with broader market conditions still in flux.

What it does suggest is patience. Weekly structures take time to resolve, and confirmation usually comes after the price starts reclaiming intermediate resistance levels, not at the moment support is first touched.

For now, the chart shows DOGE back at a level where risk and opportunity begin to balance. Whether that balance tips higher will depend on follow-through, volume, and broader market alignment.