The structure of Dogecoin (DOGE) stays intact because it operates inside a decade-spanning ascending channel according to analysis by Ali (@ali_charts). The weekly TradingView chart published by Ali demonstrates DOGE historical data to prove its continuing upward trend during periodic market fluctuations.
The price range demonstrates a steady upward slope which DOGE has operated inside since the beginning of 2014. The meme coin started trading below $0.00017 during 2014 before achieving prominent price increases that peaked with its all-time high at $0.73905 in 2021. The crypto rebounded from its sharp price decline when it reached $0.06654 near the 0.618 Fibonacci retracement level before breaking above $0.19183 at the 0.786 retracement point.
#Dogecoin $DOGE is holding strong above the upper boundary of this channel, keeping the path open for a potential rally toward $4! pic.twitter.com/Cx1JnP2aH9
— Ali (@ali_charts) February 11, 2025
Dogecoin Eyes Major Breakout
At present Dogecoin holds trading value at around $0.26791 which enables it to stay above the channel’s lower border but preserves a position below its significant dashed trendline that has historically signaled major market breakthroughs.
During both April and December 2024 DOGE showed resistance at the levels of $0.23 and $0.48. The recent decline in DOGE prices may have demonstrated a successful rebound from the $0.23 support level and now opens an opportunity for additional price growth.
The analyzed chart contains Fibonacci ratios which mark important price targets for upcoming upward movements. The 2021 peak at $0.73905 acts as an essential benchmark for which the highest Fibonacci extensions reach targets at $4.10 (1.272) and $10.04 (1.414) and $36.32 (1.618). The excessive gains that DOGE needs to achieve require multiple resistance zones to be overcome along with sustained strong buying pressure.
Ali predicts DOGE will experience a major price surge if it successfully breaks through the $0.50 resistance based on his analysis of the dashed trendline. The long-term positive structure of DOGE is at risk when prices sink below $0.19 leading to additional market decreases.
Dogecoin continues to stay within an ascending channel which maintains an open possibility for further price gains thus upholding its long-term upward price trend behavior. The DOGE price chart now draws watchful investor attention regarding its ability to defend critical support levels for the next positive stride in value.
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