Dogecoin momentum continues after breaking $0.14 — on-chain data reveals $0.20 as a key testing level

Dogecoin(DOGE)'s recent performance has once again attracted market attention, with technical and on-chain data both indicating a potential bullish opportunity. According to real-time data, DOGE’s current price remains around $0.14, a critical level for its subsequent movement.

Technical Breakthrough: Bulls Take Control

From a technical perspective, Dogecoin has completed a key structural shift. The Relative Strength Index(RSI) recently broke above the 14-day moving average, then quickly crossed the midline area, which typically indicates increasing buying momentum. Once the price stabilizes above $0.14, the bearish structure is officially broken, and the bulls begin to take control of the price direction.

Market participants have noticed that DOGE found significant support at around $0.12, which aligns with on-chain data analysis. As institutions and retail investors actively accumulate at this level, shorts are gradually squeezed out, and the price naturally climbs upward.

On-Chain Data Reveals Key Targets

Blockchain data analysis shows that Dogecoin has entered an important long-term accumulation zone. Based on on-chain indicators such as CVDD(Cumulative Value Days Destroyed), which estimate the economic weight of on-chain circulating coins to gauge potential behavior of long-term holders, the blue zone in the chart is considered a strong accumulation area. Historically, whenever DOGE enters this zone, it often signals a strong rebound opportunity.

According to on-chain models, the next key resistance level is at $0.20. If bullish momentum continues to strengthen, there is further potential to reach $0.28. Based on the current price, a rise from $0.14 to $0.80 would represent approximately 433% upside potential.

Can It Break Through in 2026?

Dogecoin’s performance over the past 7 days shows a clear shift in market sentiment, with price fluctuations reflecting increasing buying power. Historically, whenever DOGE exhibits similar technical breakout signals in accumulation zones, it often triggers subsequent upward cycles.

However, investors should note that whether $0.20 can be effectively broken will determine the strength of the subsequent trend. If this level is accepted as new support, targeting $0.28 or even higher will be necessary to establish an upward trend in 2026. Conversely, if it encounters resistance and falls back, a reassessment of bullish momentum from a technical perspective will be required.