Dogecoin is sitting at a decisive support zone after hitting Ali Charts’ $0.0883 target. While the daily chart shows breakdown risk, the weekly chart still points to a possible recovery if DO
Dogecoin is sitting at a decisive support zone after hitting Ali Charts’ $0.0883 target. While the daily chart shows breakdown risk, the weekly chart still points to a possible recovery if DOGE holds the $0.087-$0.090 area.
Dogecoin (DOGE) has reached the $0.0883 downside target identified by analyst Ali Charts. The move came after DOGE lost support around $0.1019 and extended its decline toward the lower boundary of a descending channel shown on the daily chart.
Dogecoin Daily Chart (DOGE/USD). Source: Ali Charts on X
The chart shows DOGE trading near $0.0891, directly above a major support zone at $0.0883. This level previously acted as support and now represents the most important area for bulls to defend. At the same time, the price remains below the 50-day simple moving average (SMA), which suggests bearish momentum still dominates the short-term trend.
According to the analysis, a successful defense of the $0.0883 support level could trigger a relief rally. In that scenario, DOGE may first retest resistance near $0.1019, which aligns with the 50-day SMA and a previous support level that recently turned into resistance. A stronger recovery could then open the path toward $0.1156, the upper resistance level highlighted on the chart.
However, the support zone remains under pressure. A daily close below $0.0883 would signal a breakdown from the channel structure and could increase selling pressure. Ali Charts noted that such a move may expose the next major demand and supply interaction area near $0.067.
For now, the $0.0883 level remains the key support to watch. Holding above it would keep the possibility of a rebound toward $0.1019 and $0.1156 intact, while a breakdown could shift focus toward the lower $0.067 region.
Dogecoin (DOGE) is showing signs of a major trend reversal on the weekly timeframe after breaking above a long-term descending channel, according to analyst Celal Kucuker. The chart highlights a completed channel breakout near the $0.087-$0.090 support region, while the MACD indicator is beginning to turn higher from a prolonged bearish phase.
Dogecoin Weekly Chart (DOGE/USDC). Source: Celal Kucuker on X
The analysis points to a rounded bottom formation that developed over several months. DOGE recently rebounded from support near $0.08779 and is attempting to establish a higher low following the breakout. At the same time, the weekly MACD histogram is weakening on the downside, while the signal lines appear close to a bullish crossover, a setup often associated with improving momentum.
The first major resistance zone sits around $0.27855, which marks the upper boundary of the highlighted accumulation range. According to the projection shown on the chart, a successful move above that level could open the door for a much larger advance toward the psychological $1.00 mark.
However, the bullish scenario depends on DOGE holding above the breakout area around $0.087-$0.090. A sustained move back below that support zone would weaken the breakout structure and delay the projected upside path.
At the time of the analysis, DOGE was trading near $0.098, meaning the chart's $1 target would represent a gain of more than 900% from current levels if the projected move fully develops.
