Dogecoin (DOGE) is rebounding strongly alongside the broader meme coin market, which has experienced a notable uptick in Q1 2026. As sentiment surrounding meme coins continues to improve, a crypto analyst suggests that Dogecoin could be positioning for more gains. The analyst notes that Dogecoin’s rapid accumulation signals the potential for a sharp upward sweep in the near term.

Dogecoin Accumulation Signals Upward Sweep

Crypto market expert Bitguru recently shared a fresh technical outlook on Dogecoin, highlighting how its price structure has consistently changed after months of corrective movement. According to him, a completed liquidity sweep followed by an extended consolidation phase suggests that the market has reset and may be setting up for a bullish continuation. 

Related Reading: Catalysts That Suggests The Dogecoin Price Rally Could Continue

Bitguru explained that Dogecoin’s chart shows price stability after clearing sell-side liquidity between November and December 2025, which pushed out weak holders and created a base for accumulation. The consolidation that continued into 2026 shows lower volatility and steady base building, two conditions the analyst believes are needed before Dogecoin’s next major price move. 

The chart also illustrates bullish patterns, such as a rounded H cup formation and a continuation phase in the middle of 2025, which helped establish higher price levels before the broader market pullback. Bitguru added that Dogecoin’s recent move back above the key support near $0.14 suggests accumulation is likely completed, as price now starts to tighten and move upward from its base level. 

He noted that as long as Dogecoin stays above this reclaimed support, the chances of an upward sweep toward higher supply zones increase. The chart also points to potential gains reaching the highlighted green target area between $0.188 and $0.194, which lines up with past resistance levels that have previously limited price movement during the decline. 

Area That Could Invalidate Upward Sweep

Bitguru’s chart also shows the possibility of a price decline despite the rapid increase in accumulation. The red zone on the chart represents a stop-loss or risk area. If Dogecoin falls below the support area around $0.148, it could initiate a drop toward new lows within this risk zone. 

If the meme coin’s price dips below the consolidation zone between $0.146 and $0.148, then the analyst’s bullish setup and potential upward sweep could be invalidated. The chart projects a potential decline to the $0.13-$0.11 range, reflecting a decrease of more than 9% from current levels. 

At the time of writing, the Dogecoin price is trading at $0.143, up more than 18% this week, according to CoinMarketCap data. Although the meme coin is showing clear signs of a recovery from former downtrends, its trading volume is still down by more than 30%. Moreover, DOGE’s price has been unexpectedly volatile recently, dropping by 5% over the past 24 hours.