- Dogecoin $DOGE is revisiting an all-time purchase area that has caused significant bullish trends in past days, such as the 13,337% spike in the 2021 rally.
- The interaction of this support area conditions a lot of major upward advances and warrants its position as an essential accumulation exchange zone..
- Maintaining weekly closes above this buying zone is key to preserving DOGE’s bullish momentum and potential for further gains.
Dogecoin (DOGE) has returned to a critical trading zone that previously triggered some of its most explosive bull runs.
DOGE Revisits Long-Term Bullish Structure
A recent tweet from Ali_charts emphasizes that Dogecoin is now back within a historically reliable accumulation range. The asset is once again trading at the lower boundary of a weekly ascending parallel channel that has held since 2015. Each touch of this zone has led to major upside moves, including a 1,857% rise in 2017, a 13,337% rally in 2021, and a 243% bounce in 2024.
As of writing, DOGE is priced around $0.227 after pulling back from $0.34. This decline has brought it back to the same shaded support zone where accumulation has previously begun. Historical behavior shows that every revisit to this channel’s bottom has resulted in a sharp rally toward the mid or upper boundaries. If the pattern remains intact, DOGE could be positioning for another significant move higher. However, sustaining weekly closes above the trendline is critical. Falling below this structure would risk invalidating the long-term bullish setup.
Technical Indicators Suggest Readiness for Rebound
On the daily chart, Dogecoin is stabilizing after rejecting resistance near $0.28. The price has recently moved close to the mid-Bollinger Band at $0.21895, which is giving dynamic support to the price. The Bollinger Bands are becoming wider, meaning they are becoming volatile. In the meantime, the Stochastic RSI indicates very oversold levels (%K at 4.00, %D at 12.25) and is therefore likely to trigger a bullish crossover and a change of trend.
Elevated volume around $6.05 billion over the past 24 hours adds weight to the ongoing market interest despite the correction. If support near $0.22 holds, a recovery toward $0.26–$0.28 is likely in the short term.
DOGE’s Price History Supports a Bullish Outlook
Ali’s tweet reinforces that this zone has historically served as the launching pad for major Dogecoin rallies. The price structure conforms well with the past cycles; hence, traders are keen to observe the support at the trendline confirmation. An upswing beyond this point might thrust DOGE towards the rosier $0.707.00 range, as was previously the case in the event of a breakout.
