Dogecoin Charts Show Classic Wyckoff Setup — Is a Reversal Coming?

Dogecoin follows a clear Wyckoff accumulation pattern signaling a possible market reversal.

Rising volume during capitulation suggests strong institutional accumulation beneath weak market sentiment.

DOGE’s structure aligns with the altcoin index, hinting at a broader bullish rotation.

Dogecoin — DOGE, seems to be setting up for something interesting. Recent price movement mirrors a textbook Wyckoff accumulation pattern, often seen before major trend reversals. This structure typically signals that large players are quietly buying while smaller traders remain cautious. The current market setup suggests that DOGE may be nearing the end of its downtrend, as volume and price structure start aligning with a potential accumulation phase.

DOGE Builds a Classic Wyckoff Structure

Crypto trader Osemka recently pointed out that Dogecoin “follows the OTHERS index almost 1:1,” calling the setup a “perfect Wyckoff accumulation range.” This model includes several key stages that often mark the transition from bearish exhaustion to early accumulation by smart money. The pattern starts with the Selling Climax, where panic selling hits its peak. This is followed by the Automatic Rally, as price rebounds from oversold levels.

The Secondary Tests confirm the lower boundary of the range, often with declining volume. Next comes the Spring phase, where the market shakes out late sellers before demand reappears. DOGE’s chart reflects this process clearly. Each step has unfolded with distinct volume behavior, matching the phases of Wyckoff accumulation. Rising volume during the capitulation stage suggests larger investors have been quietly absorbing supply.

Such activity typically happens when prices trade near long-term support zones. At the current Test Phase, Dogecoin seems to be stabilizing. This stage helps confirm that selling pressure has weakened and that the asset may be ready for an upward move. Market participants now watch for a potential breakout above the range that could validate the start of a new cycle.

Chart Analysis: Accumulation Signals and Market Correlation

The daily chart shows a wide consolidation base within the identified Wyckoff range. Price movement has been steady, with lower volatility hinting at a balanced market. The strong volume spike during the Spring phase supports the idea that accumulation is already underway. Dogecoin’s tight correlation with the OTHERS index reinforces this pattern’s credibility.

When capital starts rotating from Bitcoin to major altcoins, Dogecoin often benefits early. This correlation suggests DOGE could lead the next phase of the broader altcoin rebound. As the structure matures, traders anticipate a possible “markup” phase, where price begins to climb toward resistance around $0.28 to $0.30. This potential rally would mark the effect phase of Wyckoff’s theory, following months of quiet accumulation.

For now, Dogecoin trades within a calm but constructive range. Low volatility combined with steady on-chain activity paints a picture of quiet preparation rather than weakness. A confirmed breakout above the upper boundary could trigger fresh buying interest from both retail and institutional players.