- Dogecoin’s upward channel points to possible gains as $0.29 emerges as the first key target for bullish traders.
- Technical traders identify $0.45 as a major resistance zone that could confirm the next phase of Dogecoin’s momentum.
- Analyst Ali’s chart shows $0.86 as the upper target suggesting renewed strength and possible long term recovery.
Dogecoin (DOGE) may be gearing up for a strong rebound, according to analyst Ali (@ali_charts). His latest chart analysis shows the meme-inspired cryptocurrency forming a bullish channel pattern, suggesting a potential surge toward $0.29, $0.45, and even $0.86.
The TradingView chart, posted on October 17, 2025, outlines clear price zones based on Fibonacci extensions and trendline resistance points. At press time, DOGE trades at $0.1839, marking a 2.37% intraday decline on Binance’s perpetual futures market. Ali’s post, which has garnered more than 26,000 views, sparked debate among traders about whether DOGE could sustain such momentum if volume confirms the move.
Key Resistance Levels and Market Sentiment
The shared chart identifies a multi-month ascending channel guiding DOGE’s price structure since mid-2023. Each major swing high and low has respected this structure, hinting that traders are closely watching for a confirmed breakout.
According to community analyst BAARUT, these targets coincide with major liquidity areas. He noted that “if volume confirms, DOGE could easily test the first one,” referring to the $0.29 zone. This level aligns with previous resistance near the channel’s midline.
However, not all traders are convinced. The user FomoFactory commented that DOGE must “first break above resistance before dreaming big,” signaling caution among short-term holders. Such comments reflect a cautious tone in the community despite broader optimism.
The sentiment remains divided between technical believers and skeptics wary of false breakouts. Historically, DOGE has shown rapid reversals when liquidity zones trigger high volatility. This dynamic could make or break its next bullish push.
Volume Confirmation and Technical Momentum
DOGE’s ability to reclaim upper channel resistance may depend on volume confirmation and broader market conditions. When trading volumes increase around key Fibonacci levels, they often precede larger directional shifts.
As of now, the lower boundary near $0.16 serves as critical short-term support. A failure to hold above this zone could trigger fresh sell pressure toward $0.10, which aligns with the 0.382 Fibonacci retracement. On the upside, breaking $0.29 could open room toward $0.45, aligning with the 0.786 retracement zone shown in Ali’s projection.
Another trader, DixAnd, emphasized DOGE’s strong community energy, adding that smart money “watches for entries and rebounds” following hype cycles. His observation highlights how sentiment-driven inflows can accelerate technical breakouts.
Still, traders remain realistic about the hurdles ahead. One reply pointed out that DOGE had “three attempts already at $0.30” and would likely need another retest before achieving a confirmed breakout.
Will Dogecoin’s Next Move Defy Past Cycles?
DOGE’s price behavior continues to mirror cyclical rallies observed in prior years. Yet with growing retail attention and an active derivatives market, the current setup may differ.
Technical indicators now present a tug-of-war between bullish optimism and consolidation fatigue. With Bitcoin and Ethereum stabilizing, meme assets like DOGE could regain speculative traction if risk appetite strengthens.
The question now remains: Can Dogecoin break free from its long-term consolidation and revisit the explosive highs of past cycles? If momentum, volume, and sentiment converge, Ali’s forecast levels—$0.29, $0.45, and $0.86—could become the next technical checkpoints guiding the DOGE market in 2025.
