Dogecoin's recent performance has finally given the bulls a bit of breathing room. After a series of oscillations, DOGE has been repeatedly testing around $0.14, and some interesting patterns are emerging technically.

From the daily chart, Dogecoin is forming a classic inverse head and shoulders pattern—left shoulder, head, and right shoulder are quite clearly arranged, with the neckline around $0.152. If the price can break through and hold above this level, the technical target upwards is around $0.18, and more aggressive traders might even aim for $0.186.

What's even more interesting is what on-chain funds are doing. In the past 24 hours, whale addresses have accumulated approximately 297 million DOGE. This isn't casual retail trading; it looks more like pre-positioning, which the market generally interprets as a sign of confidence in the future or preparations for a potential rebound.

But let's stay calm. The real issue is that the $0.15 barrier has not yet been broken. The price is currently fluctuating between $0.143 and $0.145, with bulls and bears still battling. According to the RSI indicator, it has fallen back to 51, indicating that the bulls and bears are roughly balanced. This means the true turning point will only come once a breakout occurs.