NewsBTC
Jan 16, 2026
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Dogecoin Targets $0.19 Amid Inverse Head-And-Shoulders Pattern Formation

Dogecoin (DOGE) Technical Analysis:

  • Potential inverse head-and-shoulders pattern identified on the daily chart, suggesting a possible breakout.
  • Key resistance zone at $0.149–$0.152 needs to be reclaimed for confirmation of the pattern.
  • Target price from this pattern is approximately $0.186, with significant resistance expected around $0.175 to $0.19.
  • Current support is between $0.1250 and $0.1350; losing this could weaken the bullish thesis.

Bollinger Bands Analysis:

  • 2-day Bollinger Bands show DOGE trading above the basis at $0.1343.
  • The upper band near $0.1526 aligns with the resistance zone identified on the daily chart.
  • Sustained closes above the basis may indicate shifting momentum towards buyers.
  • Failure to hold support could shift focus back to the lower band near $0.1160.

At press time, DOGE is trading at $0.139. For more details, refer to the Dogecoin page on Holder.io.