Dogecoin is showing signs of life again, and a well-known analyst thinks it could be gearing up for a big move. According to Ali Martinez (@ali_charts), DOGE could hit $0.30 by July if it holds a key trendline that has supported its price since October 2024.
At press time, Dogecoin is trading around $0.18. It’s hovering just above the 0.5 Fibonacci retracement level, which sits near $0.165, and right on top of a long-term rising trendline that’s held strong for over six months. This area has become a crucial support zone, and so far, the bulls are doing a good job defending it.
Ali’s weekly chart outlines a likely short-term dip toward $0.14–$0.15 before the Dogecoin price resumes its upward move. If that bounce plays out, DOGE could break through the $0.21 resistance and push toward $0.30, which aligns with the 0.786 Fibonacci level. His projected path shows this breakout happening sometime between late June and early July.
From a technical perspective, the setup looks promising. The trendline has supported multiple bounces already, and the volume profile suggests DOGE is consolidating in preparation for its next leg up. If the broader market remains stable or turns bullish, Dogecoin could easily benefit from renewed momentum in the meme coin sector.
So, why does this matter?
Dogecoin may be the original meme coin, but it’s far from a joke. It has survived multiple bear markets, is consistently ranked among the top cryptocurrencies by market cap, and maintains strong social traction. Even though newer meme coins come and go, DOGE continues to draw serious attention from retail traders, whales, and even public figures.
With a strong technical setup and one of the most recognizable brands in crypto, Dogecoin might very well be the top meme coin to buy now. If the $0.14–$0.15 support holds, the next few months could be a bullish ride – just in time for summer.
Read also: Here’s Shiba Inu’s Price If SHIB Reaches Dogecoin’s Market Cap
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