Fun

Dogecoin Price Could Shoot Up To $2.74 – Here’s The Support Level To Watch

News Feed - 2025-03-09 09:03:03

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


After what seemed like a resurgence at the start of the week, the Dogecoin price has again dropped beneath the psychological $0.2 level. This has pretty much been the theme for DOGE so far in 2025, with the meme coin struggling to capitalize on any bit of momentum.


Fortunately, the future appears to not be all doom and gloom for the Dogecoin price, as the altcoin approaches a critical support level. Below is the future trajectory of the DOGE price if this major level holds strong over the coming weeks. Is A 1,450% Rally On The Cards For DOGE?


In a new post on the X platform, prominent crypto trader Ali Martinez shared fresh insights into the current setup of the Dogecoin price. According to Martinez, the meme coin seems to be at a juncture that could prove pivotal to its long-term health and trajectory. Related Reading Could Cardano Be The Next Big Crypto Winner? Analyst Points To $2 Target 1 day ago


This analysis is based on the formation of an ascending channel pattern on the Dogecoin price chart on the weekly timeframe. An ascending channel is a technical analysis pattern marked by two primary (upward-sloping) trendlines; the upper channel line connecting the swing highs and the lower boundary line connecting the swing lows. Source: @ali_charts/X


As shown in the chart above, the asset’s price usually persists within the channel; with the upper boundary line often considered a resistance zone and the lower channel line serving as a support cushion. Investors can trade as price swings between the pattern’s support and resistance levels or enter a position following a breakout or breakdown.


The ascending channel pattern suggests the persistence of an upward price trend. Nonetheless, a breakout or breakdown of this channel can be used to pinpoint a trend continuation or reversal, respectively. A break above the upper trendline typically indicates the continuation of an upward trend. On the flip side, when the price breaks down below the lower channel line, it signals a possible transition from an uptrend to a downtrend.


For this Dogecoin scenario, the price of DOGE has been in an ascending channel since 2015, bouncing back each time it reaches the lower boundary line. With the meme coin currently around this trendline, historical precedence suggests that the Dogecoin price might find support and rebound.


“If DOGE maintains support at the channel’s lower boundary at $0.17, it could trigger a strong rebound toward $2.74,” Martinez postulates. This potential move would represent an astounding 1,450% surge from the current price point. Contrarily, if this support level of around $0.17 is breached, investors could see the Dogecoin price fall to $0.06 Fibonacci level. Dogecoin Price At A Glance


Dogecoin has struggled to hold above $0.2 after falling beneath the level at the end of February. As of this writing, the price of DOGE stands at about $0.195, reflecting an over 3% decline in the past 24 hours. Related Reading 330,000 Ethereum Withdrawn From Exchanges In 72 Hours – Supply Squeeze Incoming? 1 day ago The price of DOGE on the daily timeframe | Source: DOGEUSDT chart on TradingView Featured image created by Dall-E, chart from TradingView

News Feed

William Suberg8 hours agoBitcoin traders earmark key BTC price levels as $34K struggles to holdBTC price is seeking retests of lower levels after Bitcoin bulls fail to push beyond recent 17-month highs.2255 Total views26
Telegram Token Investors Reject Refund Offer
Investors in Telegram’s blockchain project have opted to stick with the firm despite the U.S. Securities and Exchange Commission (SEC)’s recent injunction against the messaging platform’s token offering.
XIDEN Blockchain Developer CryptoDATA Tech Announced as Official Title Sponsor of the MotoGP™ Austrian GP
XIDEN Blockchain Developer CryptoDATA Tech Announced as Official Title Sponsor of the MotoGP™ Austrian GP press release PRESS RELEASE.CryptoDATA Tech was announced as the title sp
Cathie Wood’s ARK Bitcoin ETF has record $87M outflow, surpassing GBTC
Martin Young5 hours agoCathie Wood’s ARK Bitcoin ETF has record $87M outflow, surpassing GBTCToday marked the second consecutive day of outflows from ARK 21Shares’ spot Bitcoin ETF.3361 Total views9 Total sharesListe
Bithumb Terminates Trademark Agreements With 2 Foreign-Based Exchanges
Bithumb Terminates Trademark Agreements With 2 Foreign-Based Exchanges Leading Korean crypto exchange Bithumb is terminating its trademark agreements with two co
Biggest Movers: AVAX, SOL Slip by 14% on Wednesday, as Prices Near 1-Week Low
Biggest Movers: AVAX, SOL Slip by 14% on Wednesday, as Prices Near 1-Week Low SOL was down by as much as 14% on Wednesday, as prices fell close to a one-week low earlier today. In
Unique Ertha Land NFTs Are Flying off the Shelves
Unique Ertha Land NFTs Are Flying off the Shelves sponsored The cryptocurrency market is at an all-time high and the NFT world is booming. ERTHA is one of the hottest P2E (play to e
Ethereum Classic Hashrate Taps Another All-Time High, ETH Hashpower Remains Unchanged
Ethereum Classic Hashrate Taps Another All-Time High, ETH Hashpower Remains Unchanged On August 31, 2022, Ethereum Classic’s hashrate reached another all-time high (ATH) thi
MakerDAO implements temporary fee adjustments amid market volatility
Amaka Nwaokocha57 minutes agoMakerDAO implements temporary fee adjustments amid market volatilityThe adjustments include changes to Maker Vaults, SparkLend DAI Borrow Rate, the PSM, the Dai Savings Rate (DSR), and the Go
Countdown to Block Reward Reduction – 18 Days Until Bitcoin Cash Halving
Countdown to Block Reward Reduction – 18 Days Until Bitcoin Cash Halving In 18 days, the Bitcoin Cash (BCH) network will see its next halving as the block reward will decrease
Omni II Launched, 2021 Events Planned for Interested Investors
Omni II Launched, 2021 Events Planned for Interested Investors PRESS RELEASE. Omni Futures LLC has received significant interest since its recent founding and is
William Suberg8 hours agoBitcoin whale exchange inflow share hits 1-year high — over 40%Bitcoin whales account for the most exchange inflows volumewise since June 2022 as short-term holders become increasingly active.3