- 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.
Long-Term Channel Holds as DOGE Tests Macro Support
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 selloff 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.
