Dogecoin Is Showing A Promising Bullish Trajectory and Can Experience a 30% Rise: Analyst
- Dogecoin is recovering from a crucial ascending trendline, thus indicating a prolonged bull cycle.
- As indicated by recent prices, support from trendlines, as well as, Fibonacci levels, DOGEs price has a chance of rising to $0.27
- Analysts expect a 30% upside in the short term if DOGE doesnt break its important support.
Crypto analyst Ali Martinez says there are signs that Dogecoin (DOGE) could experience strong upward momentum. Martinez, through his X post, pointed out that the price of the cryptocurrency is signaling that there is a huge recovery ahead as it rallies off a major ascending support trendline.
The trendline has been a base for Dogecoins price limit and also a barrier for any possible further price decline. Based on current trading tendencies, the analyst expects DOGE to trade at the $0.27 level in the upcoming days.
An Ascending Support Trendline Can be Seen in Dogecoins Chart
The chart that accompanies the post, taken from TradingView, shows Dogecoins trading history on the Binance exchange. The chart has an upward trendline that began from late 2023 through 2024 and well into mid-2025.
Source: X @ali_charts
This trendline has been a floor for Dogecoins price in the past, meaning buyers stepped in at this point and pushed it back up. Just recently, DOGE came back to this support level and has begun to climb, a good sign for analysts and usually the precursor to a bullish bounce.
Dogecoins price at the time of publication was approximately $0.225, with a daily gain of 4.75%. $0.27 for Dogecoin would be a 20% rise from where it is currently. Based on the progressive movement from zones surrounding the trendline support, a gain of 30% becomes realistic, thus making the $0.27 outlook more valid.
Traders Eye $0.27 As Breakout Zone
Individual Fibonacci retracing levels are also depicted in the chart. These levels are indicative of the psychological and historical value behind $0.27.
By also examining the chart, we can see that the price of Dogecoin soared past $0.35 before rapidly correcting and returning to near $0.15. The fall, however, did not break the long-term ascending support trendline that still supports the bullishness on the cryptocurrency.
Since Dogecoin has retained this trend line level, traders remain positive for the long-term upward trend in the meme coin. If the trend continues, DOGE could reach the $0.27 level soon, with attractive trading opportunities for the traders who are betting on a bullish move for it.
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Read more: https://www.tronweekly.com/dogecoin-bullish-trajectory-and-a-30-rise/
Text source: TronWeekly
