Dogecoin has moved back near a long-term support area as analysts watch for a possible accumulation phase before the next major move. The token now trades near levels that previously came before larger rallies. Crypto analyst Kamran Asghar said DOGE sits inside a historical accumulation range. He pointed to earlier cycles that moved sideways before strong upside breaks.
The weekly DOGE/USD chart places Dogecoin near $0.084 after a long decline from its 2024 peak. The current drawdown has lasted about 94 weeks.
Asghar said Dogecoin could break higher if history repeats. His chart points to a possible move toward $0.75 to $0.80. That projection depends on stronger buying pressure and a clear break above the current accumulation range. Until then, the setup remains speculative.
Another analyst, Chimp of the North, said it is fair to accumulate some Dogecoin at these prices. He also said the long-discussed $1 target could remain possible. The monthly DOGE/USDT chart shows Dogecoin near $0.085 and close to horizontal support. That zone has served as a base during earlier market cycles.
The chart also compares the current structure with prior periods of consolidation. It shows extended sideways trading before rallies in 2021 and 2024.
Read More: DOGE Drops Below $0.085 as Bearish Pressure Builds Again
Dogecoin also quoted a Dexerto report about Final Fantasy 14 players in Japan. The report said players can receive a Shiba Inu mount by redirecting part of their income taxes to a municipality. The reward links to Japan’s furusato nozei, or hometown tax system. For this year, Tokyo’s Shibuya Ward chose to offer in-game items for the multiplayer online game.
The mount carries the official name ‘Megashiba.’ It honors the Hachiko statue outside Shibuya Station in downtown Tokyo. Players worldwide can also buy the Megashiba from the Final Fantasy 14 Online Store. The item is available as an account-wide digital collectible.
Dogecoin joked about the story with a line that referenced death, taxes, and a giant doge. The post followed the meme coin’s own branding and the Shiba Inu theme tied to the mount.
Dogecoin has returned to a long-term support zone that analysts identify as a potential accumulation area. Kamran Asghar projects a possible move toward $0.75-$0.80 if historical patterns repeat, while Chimp of the North maintains that a $1 target remains achievable. Meanwhile, Dogecoin also drew attention through Japan’s Megashiba-themed Final Fantasy 14 reward program. Traders now watch whether DOGE can hold support and build momentum for its next major move.