Saad Ullah
After spending months moving sideways, Dogecoin (DOGE) is now bouncing from a crucial technical support level. The latest chart analysis suggests DOGE might be starting a new growth phase, similar to patterns seen in 2023–2024. Traders are watching to see if this rebound can turn into a real uptrend, with eyes on $0.29, $0.45, and potentially $0.86 in the coming months.
Dogecoin Prepares for a Major Move
Market analyst Ali points out that Dogecoin's chart shows a steady upward channel that's been in place since mid-2023. Right now, the coin is bouncing off the lower boundary around $0.16, a level that's triggered rallies multiple times before.
The projection shows DOGE could climb toward $0.29 first, hitting the middle resistance of the channel, before pushing toward $0.45. If the momentum holds, the Fibonacci extension at $0.86 marks where the rally could eventually top out.
Technical Analysis: Key Levels and Momentum
The TradingView chart highlights several important price zones:
- Support Zone (0.5 Fib) - Around $0.164, providing a solid foundation for accumulation
- Pivot Resistance (0.618 Fib) - Near $0.21, breaking this would confirm the trend is turning bullish
- Mid-Range Target (0.786 Fib) - Around $0.29, lining up with channel resistance
- Bullish Extension (1.0 Fib) - At $0.45, the next psychological milestone
- Final Extension (1.272 Fib) - Around $0.86, representing long-term potential if sentiment stays strong
Right now, Dogecoin isn't breaking out yet, but it's forming a higher low inside the rising channel. As long as the price stays above $0.16, the technical picture looks positive.
Broader Context: Meme Coin Momentum Returns
Growing optimism across the crypto market, especially for altcoins and meme tokens, has boosted Dogecoin's trading volume and interest. History shows that Dogecoin typically performs well during speculative waves when Bitcoin settles into a range. Rumors about potential X integration or upgrades to Dogecoin's network could add fuel to the fire if the broader market keeps recovering into 2026.
Gradual Climb Toward $0.86
The analysis points to a two-phase recovery: initially moving toward $0.29–$0.45, then potentially reaching $0.86 at the upper channel boundary if the trend holds. That said, traders should expect possible pullbacks to $0.18 or $0.16 before the next leg higher. Keeping the upward channel intact will be essential for confirming this is a real bull move.
Saad Ullah
