DOGE Eyes $0.48 as $0.19 Emerges as Strong Buy Zone

In Brief

• DOGE forms bullish channel with $0.19 support and targets resistance at $0.48.
• Analysts predict a rebound from $0.19–$0.21 amid broader market recovery signals.
• Monthly chart shows second dip pattern, hinting at a possible surge above $1.00.

Dogecoin shows signs of forming a bullish structure within a long-term ascending channel, according to crypto analyst Ali. His analysis identifies a strong support zone near $0.19, calling it a potential buy-the-dip level for investors.

Currently, DOGE trades around $0.1896, reflecting a 0.60% gain in the past hour but down 3.30% in 24 hours. Over the last 7 days, the token has declined 26.92%, but analysts still highlight medium-term upside potential.

Ali’s chart shows resistance levels at $0.30 and $0.48, aligned with Fibonacci levels and the upper channel boundary. Sustained momentum could drive the price toward the 1.272 Fibonacci extension near $0.8875 over the longer term.

He expects DOGE to rebound from the $0.19–$0.21 range and continue higher if buying pressure returns across broader markets. This would mark a bullish continuation pattern supported by increasing interest from buyers at key technical levels.

Market Structure and Patterns Point to Possible Breakout

Furthermore, Trader Tardigrade’s analysis on the monthly chart shows DOGE has completed a second major dip, historically preceding large upward moves. The pattern mirrors a 2021 setup, where DOGE rallied from below $0.01 to nearly $0.70.

The current dip falls within the $0.09–$0.15 range, setting the stage for a potential breakout toward trend zones above $1.00. If historical structure holds, this phase could lead to a strong upward leg in coming months.

Meanwhile, Daan Crypto Trades notes DOGE followed a typical altcoin sell-off pattern, including a sharp drop, partial recovery, and further 10–20% declines. He suggests that once price breaks past bounce highs, a gap-fill rally of 15–30% could follow.

Until then, price may remain volatile with potential weakness if it loses recent lows from Friday’s correction. The total altcoin market cap trades around $1.05 trillion, just under the $1.2 trillion resistance.

Despite short-term caution, analysts remain bullish long-term as altcoins recover and accumulate near critical support levels. A breakout above resistance could confirm renewed market strength and attract broader capital inflows.