Dogecoin (DOGE) is currently trading near $0.203, firmly holding above the critical $0.19 support level, which analysts deem essential for maintaining its bullish outlook. Market analyst Ali highlighted this zone as mission-critical, noting that a sustained hold could prevent deeper retracements and pave the way for a projected rise to $0.33.
The price action is confined within a rising parallel channel that has guided DOGE since early 2024, with the lower boundary around $0.19 serving as a key accumulation area. Historical data shows repeated rebounds from this level, each preceding upward momentum. Ali's analysis, viewed over 25,000 times, maps a dotted trajectory from $0.20 to $0.27 before advancing to $0.33, aligning with previous cycle highs.
Volume analysis indicates moderate increases when DOGE touches the channel's base, reflecting active accumulation by traders. Despite a 19.7% weekly decline, the 12-hour chart on Binance confirms the coin's resilience, with short-term resistance near $0.2028. If buyers sustain momentum above $0.19, the structure could drive a gradual recovery, though some analysts caution that deeper support exists near $0.15.
Traders are closely monitoring the $0.19 pivot, as its outcome may define Dogecoin's direction into Q4 2025, with a confirmed breakout above $0.21 potentially accelerating the move toward $0.33.
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