Here Are Major Dogecoin Buy Zones Before Break to Upside

Although Dogecoin has experienced significant declines, it has seen a short-term recovery, rising 5% over the past 24 hours to trade at $0.1722. Analysts are closely monitoring its price movements. Some anticipate that Dogecoin may experience further fluctuations before a potential upward breakout. Dogecoin Buy Zones On TradingView, one analyst highlighted key support levels for Dogecoin. After breaking past a resistance level, the analyst noted that a retest of the current price zone is necessary before any significant rally can occur.  The analyst outlined two major buy zones where Dogecoin might find support before potentially surging. The first green zone is set at $0.13548, and the second is at $0.09024. If Dogecoin stabilizes at these levels, a significant upward movement could follow, possibly reaching the $0.30-$0.40 range, representing a potential price increase of 132.3% from its current price. Meanwhile, the analyst noted that the market could see more lows than upsides, and the bear market gradually sets in.

Long-Term Channel Analysis  Meanwhile, analyst Ali Martinez also shared insights on Dogecoin's price action. He focused on the long-term ascending channel visible on a logarithmic weekly chart dating back to 2014. According to the analysis, Dogecoin has consistently respected the boundaries of this channel. Dogecoin is testing the lower boundary, which previously provided strong dynamic support.  Martinez predicts that if demand spikes at this level, Dogecoin could experience a rally toward the middle or upper range of the channel. From a Fibonacci retracement perspective, the price may surpass $0.45 in the short term. The analyst also noted that the midline target could exceed $2.4, while the upper resistance aligns with the $7 mark. Possible Bullish Reversal Elsewhere, another TradingView analyst identified a cup and handle pattern, suggesting that Dogecoin may be preparing for a potential bullish reversal. This pattern, which began forming in mid-2021 after Dogecoin's peak, shows a large rounded bottom.  The price bottomed around $0.04 in mid-2022 and has since seen improvements, touching $0.47 in December 2024 before retracing. Currently, the handle shows signs of consolidation, which could precede an upward move. The analyst also pointed to the AB=CD harmonic pattern, suggesting a potential target price of $0.88.