<ul data-eligibleForWebStory="true"><li>Dogecoin has bounced back from recent lows and formed an accumulation base in the $0.162-$0.167 region, following a V-shape recovery.</li><li>Technical analysts are observing patterns indicating a potential bullish phase for DOGE, based on Wyckoff accumulation theory and historical breakout patterns.</li><li>Similarities are drawn between current price action and DOGE's 2024 performance cycle, with potential gains projected to reach $0.52, marking a new yearly high.</li><li>On-chain statistics from IntoTheBlock support the accumulation narrative, showing increased user engagement and adoption with rising new and active addresses.</li></ul>

Dogecoin Builds Accumulation Base as Analysts Eye Bull Phase Return: Can DOGE Pump?

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