NewsBTC

8 August 2025

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Dogecoin Trading Near Historical Buy Zone for Potential Bull Run

Analyst Ali Martinez highlights that Dogecoin is currently trading in a historically significant buy zone, potentially signaling the beginning of a bull run. Key points include:

• Dogecoin's price has followed an Ascending Channel pattern over the last decade.
• The current price is below the lower line of this channel but within a shaded area identified as a strong buy zone.
• Past instances of the price retesting this zone preceded major bull runs.
• Currently priced around $0.21, Dogecoin has seen a nearly 4% increase in the last 24 hours.
• The future movement remains uncertain; a breakout into the channel could lead to a rally.

In related news, another memecoin, Pudgy Penguins (PENGU), recently broke out of a Descending Channel, with targets set at $0.041.