Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The Dogecoin price has reached a key point on the charts, tapping into the Imbalance Zone (IMB) around $0.24. This area now stands as a potential pivot point that could determine whether the popular meme coin rebounds toward $0.27 or continues its decline. Analysts are watching the zone closely, suggesting it could be a make-or-break moment for Dogecoin’s short-term structure. Dogecoin Price Holds IMB Zone As Bulls Eye $0.27
Crypto analyst ‘Blockchain Baller’ disclosedon X social media on Thursday that Dogecoin has “tapped the IMB zone after a clean manipulation and structure break,” signaling the potential end of a corrective phase. At the time, the analyst’s 4-hour chart showed DOGE hovering around the $0.235 – $0.245 region—an area that historically acts as a liquidity zone where price inefficiencies often get filled before a move higher. Related Reading Sinking In Minutes: Binance Alpha Token Plunges 99% In Shocking Price Meltdown 1 day ago
Blockchain Baller asserts that manipulation and structural breaks are both classic signs that the market may be preparing for a reversal. The analyst notes that price has reacted multiple times in the same region, showing that buyers are stepping into defend the zone.
The chart analysis also highlights the zone between $0.235 and $0.245 as the critical decision point for DOGE bulls. If price climbs back to this level and holds it as support, Blockchain Baller predicts a short-term reboundtoward the $0.26 – $0.27 range. For a bullish confirmation, the analyst suggests that the price would need to break above “short-term resistance“ with increasing momentum.
For now, Dogecoin’s immediate path seems to depend on how it reacts to the IMB zone. Blockchain Baller has indicated that a strong bounce could mark the beginning of a new impulsive leg, while a breakdown below $0.235 could temporarily delay recovery. Dogecoin is currently trading at $0.19. Chart: TradingView Dogecoin Price Targets $6 Amid Market Decline
On a broader timeframe, crypto market expert Kaleo has pointed outthat Dogecoin’s market structure is gradually positioning itself for a major upward move. His long-term chart analysis draws striking parallels between DOGE’s current price action and the previous cycles observed before each Bitcoin halving event.
In the past, Dogecoin has consistently broken out from long-term descending trianglesshortly after a Bitcoin halving, leading to explosive price rallies. Kaleo’s chart shows DOGE’s past rallies from similar formations produced gains of over 20,000% in 2021 and 30,000% in 2027.
Dogecoin’s price actioncurrently mirrors these exact setups, suggesting that its price could be preparing for a historic move again. If history repeats, Kaleo has set DOGE’s long-term target at $6.9, representing a 3,530% increase from current levels around $0.19. Related Reading Bitcoin Who? XRP Leads Coinbase Search Charts, Beating The Giants 1 day ago
Interestingly, the analyst’s forecast comes just after a sharp daily crashsaw Dogecoin drop about 60% at its lowest point. Market expert Kevin notedthat the fall was too extreme to be retail-driven, hinting at systemic exchange failures across Binance, Coinbase, and Robinhood, which temporarily restricted buying during the dip.
Featured image from Unsplash, chart from TradingView