Peter Smith
As Dogecoin (DOGE) continues to navigate a broader consolidation phase, traders are zeroing in on a crucial technical level that has provided support for over 1.5 years. A recent chart shared by Trader Tardigrade highlights DOGE's repeated bounces from a long-standing ascending trendline—raising the possibility of another bullish move in the coming weeks.
DOGE Rebounds from Long-Term Support
According to a recent post by Trader Tardigrade on X, Dogecoin (DOGE) is once again interacting with a key ascending trendline that has held firm for over 1.5 years — a total of 609 days across 44 candles on the 2-week (2W) timeframe. The trendline, clearly visible on the chart, connects multiple higher lows and has served as dynamic support since late 2023.
As of now, DOGE is printing a reaction candle just above this long-term support, with the price trading near $0.165. The setup suggests a potential bounce if this trendline remains intact.
Bullish Outlook Builds as Price Stabilizes
The chart also includes a green upward arrow, signaling the trader’s bullish bias in the event of a continued hold above the support. Historically, DOGE has seen strong upward moves from this level. With price currently stabilizing around $0.16–$0.17, market participants are closely watching this zone.
If buyers step in again and momentum builds, a push toward the $0.25–$0.30 range could follow. However, a clean break below the trendline could invalidate the structure.
Peter Smith
