Dogecoin ($DOGE) could be gearing up for a major rally, according to prominent crypto analyst Ali (@ali_charts).
In a recent post, Ali highlighted that if Dogecoin can secure a monthly close above $0.20, it could pave the way for a surge toward its all-time high near $0.74.
Key Level to Watch: $0.20
The $0.20 resistance level is critical for Dogecoin’s price action. A decisive monthly close above this threshold would signal strong bullish momentum, open the door for increased investor interest, and potentially set the stage for a full retracement toward the previous all-time high set during the 2021 bull market.
According to the accompanying chart shared by Ali, DOGE remains within a broad ascending channel. A breakout from the current structure could trigger significant upside and reignite investor enthusiasm.
Why It Matters
Dogecoin has long been one of the most volatile and sentiment-driven assets in the crypto space. However, technical setups like this — especially on a monthly timeframe — are rare and tend to precede high-magnitude moves.
A confirmed breakout could not only reignite retail speculation but also draw attention from larger investors seeking asymmetric opportunities in the altcoin sector.
Final Outlook
As Dogecoin consolidates near the key $0.20 mark, traders and investors are watching closely. A monthly close above that level could trigger the next wave of Dogecoin mania — and bring the beloved meme coin back into the spotlight in a big way.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/dogecoin-could-reclaim-its-all-time-high-but-only-if-it-breaks-important-resistance/