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After what seemed like a resurgence at the start of the week, the Dogecoin price has again dropped beneath the psychological $0.2 level. This has pretty much been the theme for DOGE so far in 2025, with the meme coin struggling to capitalize on any bit of momentum.
Fortunately, the future appears to not be all doom and gloom for the Dogecoin price, as the altcoin approaches a critical support level. Below is the future trajectory of the DOGE price if this major level holds strong over the coming weeks.
Is A 1,450% Rally On The Cards For DOGE?
In a new post on the X platform, prominent crypto trader Ali Martinez shared fresh insights into the current setup of the Dogecoin price. According to Martinez, the meme coin seems to be at a juncture that could prove pivotal to its long-term health and trajectory.
This analysis is based on the formation of an ascending channel pattern on the Dogecoin price chart on the weekly timeframe. An ascending channel is a technical analysis pattern marked by two primary (upward-sloping) trendlines; the upper channel line connecting the swing highs and the lower boundary line connecting the swing lows.
As shown in the chart above, the asset’s price usually persists within the channel; with the upper boundary line often considered a resistance zone and the lower channel line serving as a support cushion. Investors can trade as price swings between the pattern’s support and resistance levels or enter a position following a breakout or breakdown.
The ascending channel pattern suggests the persistence of an upward price trend. Nonetheless, a breakout or breakdown of this channel can be used to pinpoint a trend continuation or reversal, respectively. A break above the upper trendline typically indicates the continuation of an upward trend. On the flip side, when the price breaks down below the lower channel line, it signals a possible transition from an uptrend to a downtrend.
For this Dogecoin scenario, the price of DOGE has been in an ascending channel since 2015, bouncing back each time it reaches the lower boundary line. With the meme coin currently around this trendline, historical precedence suggests that the Dogecoin price might find support and rebound.
“If DOGE maintains support at the channel’s lower boundary at $0.17, it could trigger a strong rebound toward $2.74,” Martinez postulates. This potential move would represent an astounding 1,450% surge from the current price point. Contrarily, if this support level of around $0.17 is breached, investors could see the Dogecoin price fall to $0.06 Fibonacci level.
Dogecoin Price At A Glance
Dogecoin has struggled to hold above $0.2 after falling beneath the level at the end of February. As of this writing, the price of DOGE stands at about $0.195, reflecting an over 3% decline in the past 24 hours.
Featured image created by Dall-E, chart from TradingView
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies.
Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part – in fact, far from it.
Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger.
When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.
Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books – ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K.
Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that.
Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi’s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings.
Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time – he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.
Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon – cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment – spreading the crypto gospel to the rest of the world.
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