• DOGE reached key CVDD support, signaling strong accumulation by investors.
• Price broke above $0.14, with momentum indicators pointing to bullish trends.
• Potential upside targets range from $0.1620 to $0.80 if buying continues.

Dogecoin — DOGE, started 2026 with impressive gains, climbing nearly 20% in just a week. Traders are paying attention as price action hints at a larger rally. On-chain data shows accumulation building at a critical level. Analysts using the CVDD metric highlight strong buying patterns in this zone. Historical trends suggest DOGE could see significant upside if momentum continues. Investors are watching closely as the meme coin positions for potential higher targets.

Strong Support at Key CVDD Level

Joao Wedson, founder of crypto analytics firm Alphractal, shared that DOGE has reached an important buying zone. The firm tracks long-term value movement through the Cumulative Value Days Destroyed metric. This tool estimates economic weight for coins moving on-chain, highlighting accumulation patterns. According to Wedson, DOGE touched a lower blue line on the chart marking strong accumulation areas.

In the past, when DOGE reached this level, price action often surged sharply afterward. The recent move aligns with previous bullish patterns. Dogecoin appears to have found support around $0.12, which coincides with the CVDD indicator. Since that low, DOGE has broken above $0.14, invalidating its prior bearish structure. Price momentum seems promising. The break above $0.14 marks a technical shift.

Traders could now target $0.20 as the next resistance, followed by $0.28 if buying continues. The Relative Strength Index confirms growing momentum. On January 1, RSI broke above its 14-day moving average and climbed past the midpoint line, signaling buyer dominance. Current trading levels reinforce the bullish setup.

Upside Potential Remains Strong

DOGE sits above $0.150 and the 100-hour moving average. A bullish trend line now provides support at $0.150 on hourly charts. Immediate resistance is near $0.1540, with the next hurdle at $0.1550. Should the rally continue, the next targets include $0.1620, $0.1750, and potentially $0.180, with $0.1840 representing the next major resistance. On the downside, DOGE retains support at $0.150 and the trend line.

Additional support sits at $0.145 and $0.1420. A break below $0.1420 could open the door for declines toward $0.1350 or $0.1320. Traders are closely monitoring these levels while consolidation continues above the 23.6% Fibonacci retracement.Historical CVDD patterns suggest the current accumulation zone could trigger further gains. From current levels, models point to a potential move toward $0.80, representing a 433% increase for holders.

Meme coins are showing relative strength compared to other sectors, which adds to DOGE’s bullish case. DOGE has strong support at a critical accumulation level. The CVDD indicator shows investors are entering and holding positions. Price momentum is building, confirmed by RSI and trend line support. If the rally continues, DOGE could target multiple resistance levels, suggesting a period of meaningful upside for the meme coin.