Saad Ullah
Dogecoin continues to defy expectations. Despite skepticism about its long-term value, the coin's ten-year ascending channel remains unbroken. The recent bounce from the lower boundary suggests that both algorithms and institutional traders are still paying attention to these technical levels, keeping the door open for another significant rally.
Respecting Long-Term Support
Analyst Olivier Ð Ma𝕏imus recently highlighted that Dogecoin hasn't broken its decade-long channel, with yesterday's bounce occurring precisely at the lower band. This suggests that major traders and algorithmic systems may be using the same technical framework. The weekly chart confirms this pattern: DOGE has traded within a broad upward channel since 2014, producing massive all-time highs followed by deep corrections in each cycle. The current price action tested the lower yellow band and bounced, preserving the bullish structure.
The latest dip held around $0.06–$0.07, consistent with past cycle bottoms. DOGE now faces resistance at $0.34–$0.35 before potentially reaching the $0.90 area. The chart outlines ATH Cycle #3, with upside scenarios toward $5–$7 and extended Fibonacci targets suggesting levels above $10 long-term. The precise respect of these trendlines indicates algorithms are factoring them in, reinforcing their market significance.
Why This Pattern Matters
Often dismissed as just a meme coin, Dogecoin has proven remarkably resilient across multiple market cycles. Algorithms appear to be reinforcing key levels, hinting at institutional awareness. Historical patterns show DOGE consolidating for years before explosive rallies. With Bitcoin and Ethereum preparing for another halving-driven cycle, altcoins often benefit from broader crypto momentum. However, risks remain: a confirmed breakdown below the channel floor could invalidate the bullish case and send DOGE below $0.05.
Looking Ahead
Dogecoin's ten-year channel continues to hold, creating one of crypto's most intriguing long-term charts. While nothing is guaranteed, the respect of this structure keeps bullish possibilities alive. As Olivier Ð Ma𝕏imus noted, if algorithms recognize the lower boundary, they're likely aware of the upper one too—meaning DOGE's long-term upside could still surprise. For investors, the takeaway is simple: Dogecoin's story may still have more chapters to write.
Saad Ullah
