Market Overview
- •The market cap of Dogecoin creates a bullish cup-and-handle trend, which is strong above the major support.
- •DOGE holds steady near $0.20 with rising momentum and robust 24-hour trading volume.
- •Market data and structure indicate continued accumulation and potential cycle expansion.
Dogecoin’s market activity reflects growing technical strength as its market cap structure completes a bullish formation. Current metrics reveal sustained accumulation, stable liquidity, and a possible shift toward expansion following a confirmed breakout and retest.
Cup-and-Handle Formation Reinforces Market Strength
Analyst EᴛʜᴇʀNᴀꜱʏᴏɴᴀL (@EtherNasyonaL) shared a monthly Dogecoin market cap chart showing a completed cup-and-handle structure. The pattern emerged after a long consolidation, signaling the end of accumulation and the onset of renewed upward potential.
The resistance line that capped Dogecoin’s market cap since mid-2021 was decisively breached in early 2025, validating the bullish structure. A clean retest of this breakout followed, turning former resistance into support and maintaining the rising bottom structure. Such structural behavior indicates sustained market control by long-term holders and reduced downside pressure.
The chart also shows the handle phase developing in a narrow range, reflecting healthy market digestion instead of heavy profit-taking. This disciplined consolidation often precedes momentum-driven advances, suggesting readiness for a new upward cycle if buying pressure persists.
Moving Average Support and Momentum Recovery
The technical data showed that the 25-month moving average (MA25) remains dynamic at the retest stage. Each of the drawdowns into this area has drawn fresh purchase attention, deterred lightness, and established the steady accumulation pattern by larger investors.
The MA25’s position beneath current market cap levels suggests that Dogecoin remains within a constructive uptrend on the higher-time-frame chart. As long as price and capitalization remain above this line, the long-term structure retains its bullish integrity.
Momentum indicators beneath the primary chart show an upward curl and potential cross, signaling renewed buyer strength. This shift aligns with historical patterns that have preceded expansions in Dogecoin’s market cap, reflecting improving technical conditions for another leg higher.
Current Price Action and Market Position
As of writing, Dogecoin trades at around $0.1988, which is a 0.7% increase per day and illustrates a short-term stable situation. The 24-hour trading range of $0.1948-1996 is rather of a consolidating nature than a volatile one, and the liquidity is quite strong with a 24-hour volume of $863.7 million.
Dogecoin’s market capitalization stands at $30.1 billion, closely aligned with its fully diluted valuation of $30.12 billion. With a circulating supply of 151.45 billion DOGE, nearly matching total supply, the asset maintains stability though limited by its infinite issuance model.
Market participants appear determined to the $0.20 psychological price level, at which reluctant purchasing continues. Skimpy liquidity, strong capitalization, and a rising technical environment all suggest that Dogecoin's market build is near maturity and may move into a slow-upward-expansion mode if current support is upheld.