Can Dogecoin Break Higher from Key Support?
Dogecoin is currently trading at around $0.1644, and analysts suggest the meme coin may be gearing up for a potential rebound if it continues to hold above key support.
According to crypto market watcher Ali Martinez, the longer DOGE stays above the $0.15 mark, the higher the chances of a rally toward the $0.22 level.
Dogecoin remains the 9th largest cryptocurrency by market cap, standing at approximately $24.66 billion. Trading activity appears steady, with a 24-hour volume nearing $391 million and a slight 7-day gain of 0.23%.
A chart shared by the crypto expert outlines a rising trendline that has held since early 2024, acting as a strong dynamic support. DOGE recently bounced from this ascending trendline, which coincides with horizontal support just above $0.15—highlighting the significance of this zone.
Key Support and Resistance Levels:
- Support: $0.1500 (horizontal) and $0.1550 (ascending trendline)
- Resistance: $0.1850 (minor horizontal), $0.2000 (psychological level), and $0.2200 (Fibonacci & structural zone)
If DOGE sustains momentum above these levels, it could retest the upper resistance band, especially if broader market sentiment turns bullish. However, a breakdown below $0.15 might invalidate the bullish thesis and lead to a retest of lower supports near $0.13.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
