There is new optimism in the Dogecoin (DOGE) community, and it could send DOGE/USD soaring to $0.24 — an almost a 50% increase from today's prices. In a new post, popular crypto chartist Ali Martinez detailed the setup, stressing that DOGE needs to stay above $0.16 for a bullish run to happen.
Right now, DOGE is trading at around $0.172, bouncing back from weeks of being stuck in a sideways pattern. On the chart Ali shared, there is a long-term ascending trendline dating back to late 2023, and DOGE has continued to respect it.
You Might Also Like
Wed, 07/02/2025 - 15:00 Dogecoin (DOGE) Price to Rally 150% Versus Bitcoin, Bollinger Bands Suggest ByGamza Khanzadaev
HOT Stories Dogecoin (DOGE) on Verge of 50% Price Jump, Here's What You Should Know Ripple Unlocks 500,000,000 More XRP in Surprising July Maneuver 'Rich Dad Poor Dad' Author Sounds Alarm About 95% US Dollar Crash 'Buy Bitcoin': Bitwise Exec Reacts to Ray Dalio's Warning
On top of that, a Fib retracement overlay shows that the $0.24 level lines up with a key zone between the 0.5 and 0.618 levels. Those are historically crucial ranges for price reaction.
Dogecoin $DOGE holding above $0.16 strengthens the case for a move toward $0.24! pic.twitter.com/zg9I9z1ZWT
— Ali (@ali_charts) July 4, 2025The way things are set up right now looks like it is built for strengthening just above the ascending support and between two big liquidity levels. It has already bounced back up from the $0.14-$0.15 range a couple of times in the last few months, showing that buyers are stepping in.
With the price pushing against the diagonal trend line and getting back to previous local highs, it looks like the momentum is starting to swing in bulls' favour.
You Might Also Like
Thu, 07/03/2025 - 11:14 Dogecoin Golden Cross Alert: Will DOGE Price Skyrocket in July? ByTomiwabold Olajide
The market is still in the early stages, but this setup gives traders a technical roadmap: hold onto $0.16, hit $0.18 and then go for $0.24. Since the altcoin market is doing well right now, the DOGE price might benefit from some rotation flows, especially if meme coins see an uptick in interest.
But there is no guarantee that the upside will be there. If DOGE drops below $0.16 with high trading volume, the bullish outlook will likely weaken quickly. At the moment, the chart makes it obvious: hold the line, and a major rise could be coming.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
