Saad Ullah
Dogecoin (DOGE) continues trading within a multi-year ascending channel that has historically marked the beginning of significant price movements. Recent support tests suggest accumulation is underway, and the coin may be gearing up for its next major move.
DOGE Chart Analysis: Accumulation Phase Continues
Famous trader Ali points out that Dogecoin is still in its accumulation phase, hovering around $0.26 after bouncing from the lower boundary of its long-term trend channel. The chart reveals a compelling pattern: whenever DOGE returned to this shaded support zone - in 2017, 2020, and now in 2025 - it followed up with explosive rallies exceeding 3,000% and 13,000% in previous cycles.
Right now, the price is holding above the channel's midline. The $0.13 level serves as critical support, while $0.34 represents the first resistance barrier. Breaking above this point would push DOGE into the upper half of the channel, opening the door to substantially higher price targets.
Why Investors Are Watching Dogecoin
The current consolidation pattern indicates that market participants are quietly accumulating DOGE at these lower levels. Historically, these accumulation phases have come right before major inflows of retail and speculative capital. As overall crypto market sentiment stabilizes and meme coins capture attention again, Dogecoin stands to benefit from renewed momentum.
Key Levels to Monitor
- Primary support: $0.13
- Near-term resistance: $0.34
- Channel projection: Toward $0.70 and beyond if historical patterns repeat
Final Thoughts
Dogecoin's chart structure shows the accumulation phase is still intact, preserving the long-term bullish outlook. If the coin holds its position within the rising channel and attracts stronger trading volumes, history suggests another powerful rally could be on the horizon. For long-term holders, this setup reinforces DOGE's potential to deliver another market surprise.
Saad Ullah
