DOGE could explode 60% if $0.19 survives the test
With the larger part of the cryptocurrency market going through a rough patch, Dogecoin (DOGE) traders are watching one key level this week, and it could determine whether the popular meme coin rockets toward $0.33 or plunges further.
Ad
Specifically, Dogecoin is currently consolidating near $0.20, with $0.19 acting as a crucial “mission-critical” support, and holding it could spark a major rally, perhaps even to $0.33, according to an analysis by prominent crypto trading expert Ali Martinez shared in an X post on October 16.
Bulls need to defend the line at $0.19
Indeed, the chart shared by the analyst shows Dogecoin moving within a rising parallel channel that has guided its price action since April. After a sharp pullback in early October, DOGE is now hovering near the lower boundary of that channel, a point that has historically triggered strong recoveries.
Therefore, if buyers manage to keep the price above $0.19, technical projections suggest a potential climb through $0.25 and $0.27, before targeting $0.33, a 60% increase from current prices, near the upper trendline. However, losing the $0.19 level could break the structure entirely, sending DOGE toward $0.16 or lower.
Ad
For the time being, Dogecoin is changing hands at the price of $0.1967, suggesting a decline of 3.74% in the last 24 hours, a 19.54% dip across the previous seven days, and an accumulated loss of 26.16% on its monthly chart, per the latest information.
All things considered, the chart suggests that the future of Elon Musk’s favorite crypto asset depends on one simple rule – hold $0.19 and the next stop could be $0.33. Among the positive catalysts that could assist in its rise is Donald Trump-linked Thumzup Media’s plan to integrate DOGE into its influencer app.
How do you rate this article?
Subscribe to our YouTube channel for crypto market insights and educational videos.
Join our Socials
Briefly, clearly and without noise – get the most important crypto news and market insights first.
Most Read Today
1
Samsung crushes Apple with over 700 million more smartphones shipped in a decade
2Peter Schiff Warns of a U.S. Dollar Collapse Far Worse Than 2008
3Dubai Insurance Launches Crypto Wallet for Premium Payments & Claims
4XRP Whales Buy The Dip While Price Goes Nowhere
5Luxury Meets Hash Power: This $40K Watch Actually Mines Bitcoin
Latest
8
Also read
Similar stories you might like.
Bitcoin
Why Bitcoin Looks Weak Today But Strong Long-Term
Ana | 2026-01-29
Altcoins
Tom Lee’s Bitmine Deepens Massive Ethereum Staking Bet to $7.6B
Ana | 2026-01-29
Altcoins
Dogecoin Bulls vs. Bears? One Key Line Decides Everything
Ana | 2026-01-29
Altcoins
XRP Whales Buy The Dip While Price Goes Nowhere
Ana | 2026-01-29
Altcoins
Russia Finalizes Rules for Bitcoin, Ethereum, and Stablecoins
Ana | 2026-01-29
Altcoins
Crypto Mirrors 2020 as a 2021-Style Rally Looms
Ana | 2026-01-28
Bitcoin
Bitcoin’s Four-Year Cycle Is “Dead,” Claims the World’s Smartest Man
Ana | 2026-01-28
Altcoins
Grayscale Tweaks XRP Trust Filing as Spot ETF Momentum Heats Up
Ana | 2026-01-29
Bitcoin
Dorsey’s Offline Chat and Bitcoin App Surges Amid Iran, Uganda Shutdowns
Ana | 2026-01-29
Altcoins
Vitalik Warns Crypto’s Biggest Risk Isn’t Hackers – It’s Something Worse
Ana | 2026-01-28