Dogecoin (DOGE) is currently trading near a critical level at $0.18. This price range is pivotal in determining whether the cryptocurrency can maintain its current bullish channel or if this upward trend will be invalidated.
The $0.18 level is essential for Dogecoin to sustain its upward movement and continue its existing bullish market pattern. If this support level holds, the cryptocurrency has the potential to rebound towards $0.25 and possibly even $0.33, provided there is sufficient market momentum.
Analysts emphasize that sustained trading volume, positive market sentiment, and active participation from traders are crucial factors that will help Dogecoin achieve its projected price targets.
$0.18 Support Defines the Structural Base
According to crypto analyst Ali_charts, Dogecoin's $0.18 level serves as a pivotal support point. The token remains within a channel formed by two rising parallel trendlines, with the bottom of this channel situated just below $0.18, establishing the base of the upward bullish trend.
If Dogecoin does not fall below $0.18, the broader upward trend channel remains intact, and the prevailing sentiment in this range is bullish. Conversely, a decisive daily close below $0.18 would introduce bearish sentiment and likely signal a structural break.
Ali explained that the absence of an upward break is likely to increase the chances of a deeper retracement in the market. Therefore, the $0.18 mark is more than just a psychological level; it is a pivot point that indicates the potential for the continuation or retracement of the Dogecoin trend.
Market analysts have pointed out that an upward trend emerging from the $0.18 level is likely to build confidence in market sentiment, with supportive trading volumes and participation in the price trend acting as key drivers. Sustained buying activity around this price would signal renewed accumulation and could support the next upward price movement.
Path Toward $0.25 and $0.33 Remains Possible
Considering the channel formation, if the support at $0.18 holds, Dogecoin could target price levels of $0.25 to $0.33. The mid-channel resistance around $0.25 represents the next immediate target zone, while the upper channel boundary at $0.33 is a probable area for a bullish extension.
From its current support level, a rally to $0.25 would represent an approximately 30 percent increase. Analysts project that resilience above the $0.22–$0.24 range would be crucial to affirm this upward projection. Estimates from platforms such as CoinCodex show upward momentum, suggesting DOGE could reach close to $0.25 around the end of 2025.
For the bullish scenario to unfold, several technical and market conditions must align. Dogecoin must maintain its channel floor, attract stronger trading volumes, and benefit from a supportive cryptocurrency market environment. Broader sentiment towards altcoins and risk assets will likely influence whether DOGE sustains its upward traction.
If the support line at $0.18 is broken, the channel would lose its shape, potentially leading to continued selling pressure. In such an instance, specialists warn that Dogecoin could retest lower levels before embarking on another comeback phase. However, holding the current level keeps the bullish setup intact and leaves the path open towards $0.25 and potentially $0.33.