Dogecoin has found its way back to a familiar spot on the chart. Prominent analysts BitBull highlighted that DOGE looks a lot like it did in November 2024 right before it bounced off support and kicked off a strong move higher.
The same trendline is holding again, and RSI has been calmly consolidating beneath the surface. That combination has many traders wondering whether history is about to repeat.
But there’s also a clear downside risk. Ali Martinez shared a chart from Glassnode and pointed out that everything now depends on one major support level. If DOGE holds it, the recovery stays alive. If it doesn’t, the next stop could be much lower.
What you'll learn 👉
DOGE Price Is Sitting on the Same Support That Sparked Previous Rallies
BitBull’s chart shows one thing very clearly: Dogecoin has respected this long diagonal support again and again. Each time it hit this trendline in the past two years, a strong bounce followed. Now the price is tapping that exact area once more.
That alone puts DOGE price in a potentially bullish setup, because traders who believe in the trendline step in aggressively here. And every time they’ve done that before, it paid off.
RSI at the bottom is telling a similar story. It’s back in the same low zone that marked the beginning of previous rallies. Compression like this often shows sellers are running out of steam, which is exactly when DOGE has turned upward before.
Could This Dogecoin Move Trigger the Next Altseason?
That’s the big angle BitBull brought up. He says that if DOGE bounces here, it might not just be a move for Dogecoin holders, it could be a major signal for the entire altcoin market.
Historically, DOGE price has pumped early when sentiment flips bullish. When traders start gambling again, DOGE usually feels it first.
That’s why many are watching whether price can push toward the next resistance zone around $0.25–$0.30, areas where the last rally cooled off.
The Line DOGE Cannot Lose
Ali’s chart adds the caution that every trader needs to keep in mind. A massive amount of DOGE was bought right around the current price. That means a lot of wallets go underwater if support breaks here, and panic selling can follow fast.
Ali puts it simply: Hold above roughly $0.18 → bullish structure survives. Break below → a drop to around $0.07 becomes likely So while the bullish setup is very real, the margin for error is tiny.
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What’s Next for Dogecoin?
Dogecoin is once again testing the exact same trendline that started previous rallies. The RSI setup looks similar too, which is why some traders think DOGE could be gearing up for another move, especially if the broader market wakes up.
But the safety net is gone if that support fails. Below this level, the Dogecoin chart structure breaks down and a much deeper drop becomes possible.
So DOGE holders are watching closely to see whether this trendline acts as a launchpad or trapdoor.
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