Dogecoin rose for two days, Monday and Tuesday, to reach an intraday high of $0.1275 on Wednesday.
Despite the rebound, Dogecoin remains in sideways trading as broader crypto sentiment impacted its price action. Dogecoin has traded in a range between $0.1172 and $0.1566 since December 2025, with its rally at 2026's start reversed.
According to market observers, Dogecoin's price action is not surprising. Krisspax, a DOGE community member, noted that this would not be the first period of such consolidation for Dogecoin.
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We have seen Dogecoin trade this way before. Without a major catalyst for $DOGE, we could see stagnant price action into the summer of 2026 with dips in June, August and September. pic.twitter.com/Fkt4NbRMdy
— KrissPax (@krisspax) January 28, 2026"We have seen Dogecoin trade this way before," Krisspax said and added that, without a major catalyst, Dogecoin could see stagnant price action into the summer of 2026, with dips in June, August and September.
Dogecoin's short-term price action
Dogecoin continues to sustain above the $0.12 level, a positive for its price in the short term. This is because this might position Dogecoin to target a break of $0.132, which coincides with the daily MA 50 and ultimately $0.20.
However, if the $0.12 level gives way, Dogecoin may start the next leg of the downward move to $0.10.
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Buyers will have to drive Dogecoin's price above the moving averages to retain the price inside the $0.12 to $0.16 range.
Catalysts awaited
The corporate arm of Dogecoin Foundation, House of Doge and Merger Partner Brag House Holdings recently announced the development of a new mobile application, "Such," which is expected to launch in the first half of 2026. The Such app will offer Dogecoin users a means to engage with payments and bring further real world utility to Dogecoin.
Users will be able to create their own wallet with the Such app and buy Dogecoin, offering a new way to engage with small businesses.
This development, which is expected to increase Dogecoin's utility and arrive in H1, 2026, might serve as a catalyst for Dogecoin's price, which will be watched in this regard.
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