Dogecoin has dropped slightly in the past 24 hours, but a powerful chart pattern suggests a breakout may be just around the corner.
By Parth Dubey
Editor Yana Khlebnikova
Updated
3 mins read
On the daily chart, DOGE is forming an inverse head and shoulders, a classic structure often seen at the end of a downtrend and before a major rally.
The left shoulder formed in October, the head during the deeper November to December correction, and the right shoulder appeared in early January.
Price is now tightening just below the $0.15 to $0.16 neckline, which marks the key resistance area to watch.
Crypto analyst Ali Martinez notes that a daily close above this level would confirm the reversal and flip market structure in favor of the bulls.
If support holds and the breakout follows, Dogecoin could be on track for a strong upside move that reclaims its momentum in 2026.
Dogecoin $DOGE is forming an inverse head and shoulders.
A break above $0.152 could unlock a move toward $0.186. pic.twitter.com/KuXO3zFTse
— Ali Charts (@alicharts) January 14, 2026
The chart shows a clear demand zone around $0.11-$0.12. This level has held multiple times and represents the invalidation area for the bullish setup.
RSI on the daily chart sits below the midline while MACD remains flat near the zero line. This usually appears during base-building phases rather than strong trends.
Source: TradingView
If Dogecoin breaks above the $0.15-$0.16 resistance with volume, traders are likely to target the prior supply zone near $0.28. Beyond that, the next target is $0.50, a gain of roughly 290%.
On the other hand, failure to hold the $0.11-$0.12 base would invalidate the inverse head and shoulders. In that case, price could revisit the lower consolidation range near $0.10.
As Dogecoin prepares for a potential breakout, many traders are already looking ahead, seeking the next meme coin with serious upside.
That shift in attention is fueling increasing demand for the Maxi Doge ($MAXI) which has already raised $4.5 million in its ongoing presale.
Maxi Doge ($MAXI) is a new Dogecoin-themed presale that is creating a community for $MAXI holders to share early opportunities, trading positions, and memes.
Maxi Doge may be a meme coin, but it’s delivering where it counts.
Community members can join weekly events like Maxi Gains and Maxi Ripped, compete for rewards, and earn recognition as top traders.
$MAXI is still in its early phase, with over $4.5 million already raised in its ongoing presale.
The Maxi Doge community is growing fast and showing serious momentum and now is the time to get in before the next wave hits.
To buy $MAXI early, head over to the official Maxi Doge website and connect any supported wallet, like Best Wallet.
Once done, you can swap the crypto you own or use a debit/credit card to complete the transaction.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
