Saad Ullah
While meme coins face skepticism across crypto markets, Dogecoin is quietly holding its ground. Technical analysis shows DOGE maintaining a clear long-term uptrend marked by higher lows, higher highs, and a strong ascending support line. Despite short-term dips, the overall structure suggests bulls remain in control.
DOGE Holds Its Rising Support
A technical analysis shared by Sjuul | AltCryptoGems, the chart reveals Dogecoin bouncing repeatedly off a rising support line that's guided prices since early spring. Each pullback—around April, July, and October—has led to a higher rebound, creating a clean pattern of higher lows. This trendline now serves as key technical support, showing buyers consistently step in to prevent deeper drops.
Even the sharp wick in early October, which briefly broke below the trend, didn't kill the uptrend. Once you discount that outlier, the structure stays intact and bullish. Price is currently hovering above $0.19–$0.20, right along that support line, suggesting potential continuation if momentum holds.
Steady Accumulation in Action
Dogecoin's pattern looks like classic accumulation—controlled waves of buying rather than wild spikes. This could reflect confidence from long-term holders who see DOGE as more than just a speculative meme, especially with ongoing speculation about Elon Musk's X platform potentially integrating crypto payments that might include DOGE. In a market where most altcoins are just treading water, Dogecoin's consistency stands out. The price action suggests measured, almost institutional-style positioning.
If Dogecoin keeps this ascending channel intact, the next major resistance sits between $0.24 and $0.26, where previous rallies stalled in August and September. A clean break above this zone could open the door to $0.30, the next psychological target. On the downside, dropping below $0.19 might trigger a retest of $0.17—though the uptrend stays valid as long as those higher lows continue. Traders will be watching for volume spikes and momentum confirmation in the coming weeks.
Saad Ullah
