Sep 20, 2025
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Dogecoin May Rally to $0.45 if Resistance Breaks
Analyst Ali Martinez highlights a potential rally for Dogecoin, should it break past a key resistance barrier.
Key Insights
- Dogecoin is currently navigating a Parallel Channel pattern in its 1-day price chart. This formation signifies consolidation between parallel trendlines.
- The memecoin recently retested the upper boundary of this channel at $0.29 but faced rejection. A successful breach could indicate a bullish trend.
- Potential targets post-breakout are $0.36 and $0.45, based on the channel's height.
Market Activity
- Dogecoin whales have accumulated an additional 158 million DOGE, valued at $41.9 million.
Current Price
Dogecoin is trading at approximately $0.265, experiencing over a 6% drop in the past 24 hours.
