Dogecoin Breakout Signals Potential Rally Above $0.152 Neckline

Dogecoin eyes a breakout above the $0.152 neckline after an inverse head-and-shoulders pattern, with a possible rally to $0.178-$0.186 if confirmed.

Rich by Coin

2026-01-15

Once popular meme coin and still ninth-biggest cryptocurrency Dogecoin COINBASE:DOGEUSD might be about to have its most important daily breakout since early 2023, and if you are watching the TradingView chart, there is one thing to watch for: the neckline at $0.152.

After printing an almost textbook inverse head-and-shoulders formation with a bottom at $0.117 and two symmetrical shoulders above $0.138, DOGE is now pressing up against the last major resistance that separates it from a potential +22% rally.

If the breakout is above the $0.152 neckline, technical projections suggest a move toward the $0.178-$0.186 range.

The right shoulder popped up fast, picking up momentum from under $0.13 with rising volume and confirmation of previous support flips.

So, as long as the price of Dogecoin closes above $0.152 today or there is a high-volume rejection, then the next move is up.

In the bullish case, the target price from this pattern is about $0.186, which would fix weeks of loss in just a few hours.

But if DOGE does not break through, it might go back to $0.138 or even $0.117, and that would cancel out the whole setup.

Either way, Dogecoin’s chart is close to igniting the next retail craze.

If DOGE flips $0.152 with conviction, the meme coin king may have something new to bark about.

Dogecoin is nearing a critical daily breakout after forming an inverse head-and-shoulders pattern. The neckline sits at $0.152, with a chart bottom near $0.117 and shoulders around $0.138. A close above the neckline or a high-volume rejection could set the stage for a potential breakout.

If DOGE clears $0.152, technical projections point to the $0.178-$0.186 range, signaling a possible +22% move from current levels.

Momentum recently accelerated as the right shoulder rose from under $0.13 with rising volume and a confirmation of prior support flips, reinforcing the bullish setup.

Failure to break through might leave DOGE hovering around $0.138 or slipping back toward $0.117, potentially negating the pattern.

Regardless, the chart is nearing the next retail-driven move, with a sustained break above $0.152 seen as a fresh catalyst for buyers.