Dogecoin Price Could Surge to $2.74 If Support Holds at $0.17
Dogecoin (DOGE) has dropped below the $0.2 level, continuing its trend of volatility in 2025. Despite this, a critical support level is approaching.
Potential Price Movement for DOGE
Crypto trader Ali Martinez analyzed DOGE's price setup, noting:
- An ascending channel pattern is forming on the weekly chart.
- This pattern includes upward-sloping trendlines that indicate potential price movements.
- A breakout above the upper trendline suggests a continuation of an upward trend.
- A breakdown below the lower trendline signals a possible downtrend.
- Historically, DOGE has bounced back from the lower boundary line of this channel.
If DOGE maintains support at $0.17, it could rise to $2.74, representing a 1,450% increase. Conversely, if this support fails, the price may fall to $0.06.
Current Market Status
DOGE is currently priced at approximately $0.195, reflecting a decline of over 3% in the last 24 hours.
