Following an initial upswing earlier this week, Dogecoin’s price has once more dipped below the significant $0.2 mark. This fluctuation has been a recurring theme for DOGE throughout 2025, as the meme-based cryptocurrency has battled to leverage any gained momentum.
However, not all hope is lost for Dogecoin’s valuation. As the altcoin approaches a crucial support level, the future trajectory of DOGE’s price could be positive if this level remains robust over the forthcoming weeks.
An astounding 1,450% rally for DOGE could be on the horizon according to a recent post by renowned crypto trader Ali Martinez on the X platform. His analysis suggests that Dogecoin is at a crossroads that could significantly impact its long-term health and trajectory.
Martinez’s analysis is rooted in the formation of an ascending channel pattern on Dogecoin’s weekly price chart. This technical analysis pattern consists of two primary upward-sloping trendlines, with the upper channel line marking the swing highs and the lower boundary line marking the swing lows.
Generally, the asset’s price remains within the channel, with the upper boundary line serving as a resistance zone and the lower one acting as a support cushion. This ascending channel pattern indicates the persistence of an upward price trend.
In Dogecoin’s case, the DOGE price has been in an ascending channel since 2015, consistently rebounding each time it touches the lower boundary line. Given the current proximity of the meme coin to this trendline, past trends suggest that Dogecoin might find support and bounce back.
Martinez suggests that “If DOGE maintains support at the channel’s lower boundary at $0.17, it could trigger a strong rebound toward $2.74.” This potential surge would represent an incredible 1,450% increase from the current price. However, if the support level of $0.17 is breached, we could witness Dogecoin’s price drop to the $0.06 Fibonacci level.
As of now, Dogecoin is struggling to stay above $0.2 after a drop beneath this level at the end of February. At the time of writing, DOGE’s price sits around $0.195, indicating a decline of over 3% in the past 24 hours.
