At the beginning of 2026, meme coins are once again stirring up waves. Dogecoin has been buzzing wildly over the past four days, surging nearly 30% to reach $0.1541, almost frightening the shorts. But the good times didn't last long; the price has now fallen back below $0.150, starting to fluctuate again. On the hourly chart, it's clear that a contracting triangle pattern has formed—this is a signal indicating that a major breakout is imminent.

From a technical perspective, this consolidation pattern, combined with the previously observed golden cross signal and gradually increasing trading volume, suggests a strong possibility of a bullish rebound. Currently, the $0.150 to $0.154 range is critical. If the closing price can hold steady here, the upside potential to $0.1625–$0.1680 opens up, with even a chance to test $0.175.

On-chain data provides an even more optimistic signal—Dogecoin has entered a core accumulation phase. The CVDD model's historical data indicates that this zone often triggers a significant rebound. Some institutions even forecast that by 2026, the target price could reach between $0.26 and $0.298.

However, caution is needed below. The initial defense line is at $0.145, with the real key support at $0.140, and the 50% Fibonacci retracement level at $0.136, which bulls must hold. If this level breaks, the price could drop to the $0.130–$0.128 range. But from the overall environment, the leverage ETF enthusiasm is rising, whales are continuously increasing their holdings, and open interest in futures remains high—all of which bolster bullish confidence.

How to operate? The key is to watch the trading volume. If the price breaks above $0.154 with increasing volume, you can follow the trend; conversely, if it falls below the $0.136 support, you should quickly cut losses to manage risk. The entire meme coin sector is currently recovering, with total market capitalization up over 30%. As the leader, Dogecoin naturally benefits the most.

This consolidation is both an opportunity for bulls to gather strength and a dividing line between risk and reward. Whether the price stays above or below $0.154 depends on the performance in the coming days.