Dogecoin Holding Strong—Analyst Says $4 Rally Could Be Next

Crypto analyst Ali (@ali_charts) has published a weekly chart on TradingView that places Dogecoin (DOGE) squarely above a defining ascending channel drawn from early 2014. Although many altcoins have gone through boom‐and‐bust cycles in their histories, the attached chart reveals that DOGE has largely respected this upward‐sloping range for more than a decade. “DOGE is holding strong above the upper boundary of this channel, keeping the path open for a potential rally toward $4!” Martinez claims. 

Dogecoin Poised For $4?

The channel itself is composed of two primary bold lines—defining the lower and upper ranges of price action—as well as a series of dashed mid‐channel lines. In 2014, Dogecoin lingered below $0.00017. Year later, in March 2020, Dogecoin fell to $0.00134, a level that corresponds to the 0% Fibonacci reference point on the chart.

From there, price action began forming a gentle uptrend that has become clearer over time, punctuated by spikes in 2017–2018, a run in mid‐2019, and most notably the massive rally in 2021 when DOGE surged to a historical high of approximately $0.73905. Following a sharp retracement, price briefly consolidated near $0.06654, a zone marked by the 0.618 Fibonacci retracement. DOGE then built enough strength to climb above the 0.786 Fibonacci level around $0.19183, which coincided with the midpoint of the lower ascending channel.

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At present, Dogecoin sits near $0.25, placing it above the channel’s lower boundary but also below the dashed lower trendline that has consistently served as a reference for major breakouts. In April 2024 as well as in December 2024, DOGE was rejected at this trendline near $0.23 and $0.48 respectively. With the current correction, DOGE may have successfully completed a retest of the previous local high near $0.23 and is now ready for the next rise.

Notably, periods when DOGE has gravitated around these dashed lines have often preceded large directional moves, both on the way up and on the way down. A break above the lower dashed line which currently sits near $0.50 could potentially trigger Dogecoin’s next major upside move. Overall, the overarching takeaway from Ali’s perspective is that Dogecoin remains structurally intact within this multi‐year trend, reinforcing the idea that future…