Analyst Ali (@ali_charts) has highlighted a bullish ascending channel pattern for Dogecoin (DOGE), suggesting a potential recovery in 2025 with key price targets at $0.29, $0.45, and $0.86. This analysis, shared on October 17, 2025, and garnering over 26,000 views, is based on Fibonacci extensions and trendline resistance points within a multi-month channel that has guided DOGE's price since mid-2023.
At press time, DOGE trades at approximately $0.1839 to $0.1893, marking a slight intraday decline of 2.37% on Binance's perpetual futures market and a 1.1% weekly drop. The token is testing crucial support near $0.1766, with a failure to hold this level potentially triggering sell pressure toward $0.10. Conversely, breaking above resistance at $0.29 could open the path to higher targets, aligning with the 0.786 Fibonacci retracement zone.
Community sentiment is divided; analyst BAARUT noted that volume confirmation could drive DOGE to test $0.29, while skeptics like FomoFactory urge caution, emphasizing the need to break resistance first. Traders like DixAnd point to DOGE's strong community energy and smart money inflows as catalysts for momentum, but past cycles show repeated attempts at $0.30, requiring careful watch for false breakouts.
Overall, DOGE's trajectory hinges on volume strength and broader market conditions, with Bitcoin and Ethereum stability potentially boosting meme coin speculation. The ascending channel structure indicates controlled pullbacks, but a confirmed breakout could signal a significant upward move in 2025.
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