Saad Ullah
⬤ Dogecoin (DOGE) has been moving inside a descending channel for weeks now, with the price sitting around $0.126 at the moment. The overall trend has been down, but the coin is staying within the channel's boundaries. The expectation from market observers is that Dogecoin could head toward the $0.20 mark soon.
⬤ Looking at the chart, DOGE has been making lower highs and lower lows since October. But here's the interesting part—the price is now hanging out closer to the upper edge of that channel, which suggests the selling pressure might be easing up a bit. If momentum builds from here, the $0.20 zone is being eyed as a realistic target.
⬤ Right now, Dogecoin is trading near $0.125 on Binance with a slight uptick for the day. The price has been respecting those channel lines that have guided it for months. The $0.20 level isn't just a random number—it's both a psychological barrier and a technical target that traders are watching closely.
⬤ This matters because Dogecoin still gets a ton of attention in the crypto world. When DOGE starts moving toward major price points like $0.20, it tends to influence how people feel about other altcoins too. Whether the coin can actually break out from the lower part of its channel will tell us a lot about where things might be headed next.
Saad Ullah
