Dogecoin (DOGE) is showing renewed bullish momentum after rebounding from major channel support, according to market analyst Ali Martinez.
The meme-inspired cryptocurrency appears poised for a potential rally toward higher resistance zones as technical patterns align with surging market activity.
Technical Setup: Bullish Channel Intact
Ali shared a chart on X showing Dogecoin trading within a long-term ascending channel that has contained price action since early 2023. After retesting the lower boundary near $0.18, DOGE bounced upward, signaling strong buyer defense.
Martinez highlighted three key upside targets:
- $0.29 as the immediate resistance zone
- $0.45 as the next mid-range target
- $0.86 as the top of the ascending channel if bullish momentum extends.
The setup implies a potential continuation of Dogecoin’s multi-month uptrend, provided the token maintains support above $0.18–$0.20.
Market Performance: Volume Surge Confirms Rebound
According to CoinMarketCap, Dogecoin is currently trading at $0.201, up 6.76% in the past 24 hours, with a market cap of $30.45 billion. Trading volume has exploded 117% higher, reaching $2.45 billion, indicating renewed investor participation after weeks of sideways movement.
DOGE’s price has now reclaimed a short-term bullish structure, rising from $0.188 earlier today to retest the $0.20 level. Analysts suggest that if momentum holds, the next challenge will be breaking the $0.21–$0.23 resistance area, a key threshold for confirmation of a sustained trend reversal.
Outlook: Dogecoin Reclaims Attention
With Bitcoin back above $109K and broader market sentiment improving, Dogecoin’s breakout could attract renewed speculative demand. If Ali’s chart pattern plays out, DOGE could be setting the stage for one of its strongest recoveries since mid-2024, driven by both technical resilience and rising liquidity inflows across the crypto sector.
