- •DOGE is testing macro channel support with bullish setups echoing past rallies.
- •OBV wedge compression signals rising accumulation before potential breakout.
- •$0.33 breakout zone marks key resistance; daily close above may trigger a surge.
DOGE is back on traders’ radar as it hovers near long-term support, showing signs of pressure building for a breakout. Despite a slight dip today, it’s up over 13% this week, hinting at growing bullish momentum.
Dogecoin’s weekly chart, sourced from TradingView and shared by analyst Ali Martinez, highlights a repeating long-term pattern that has historically preceded explosive moves. A gray‑shaded logarithmic regression channel stretching back to 2015 shows price rebounding from its lower boundary during key market inflection points — most notably in 2017, 2020, and 2023.
Each instance of DOGE touching this lower band led to major rallies, with the 2021 cycle delivering a staggering 13,337% move. Now, in October 2025, DOGE is again testing the lower mid‑region of this macro channel. If history repeats, this could be a critical accumulation phase before another leg up.
Arrows and vertical markers on the chart outline similar past structures — accumulation followed by vertical rallies into the upper band. The current setup is being closely monitored by long‑term traders betting on another cyclical breakout.
OBV Wedge and Rising Channel Setup
The price has consistently formed higher lows and bounced from the lower trendline, including a sharp move earlier this month that brought it back to the channel’s mid‑range.
A key resistance zone between $0.32 and $0.33 has blocked DOGE’s past rallies, but a strong daily close above it could open doors to $0.4843. Meanwhile, OBV is tightening into a wedge, often a sign that a big price move is just around the corner. IncomeSharks emphasized that a breakout in OBV ahead of price would suggest increasing accumulation, strengthening the bullish case.
Institutional Activity in Focus
In the last 24 hours, DOGE traded between $0.251 and $0.264, navigating a sharp intraday sell‑off and recovery. According to trading data, a 33 million‑volume liquidation at 03:55 punctured momentum, but price managed to stabilize near $0.261.
Analysts noted that despite the dip, institutional desks remain active, with ETF speculation keeping underlying demand firm. Support is seen at $0.251–$0.253, while resistance consolidates at $0.262–$0.264.
Technicals also hint at an emerging ascending megaphone pattern alongside hidden bullish divergence — both considered bullish continuation signals if DOGE reclaims the $0.262 level with conviction.