DOGE trades near long-term channel support that preceded major rallies in 2017 and 2021.
Trading volume jumped 129% in 24 hours, signaling renewed retail and institutional interest.
RSI at 47 suggests neutral momentum, with a break above 50 possibly signaling a breakout.
Dogecoin (DOGE) is trading within a historically strong buy zone, which has repeatedly triggered major bull runs in past cycles. The asset is once again positioned near the lower boundary of its long-term ascending channel, a trendline that has supported price rebounds in 2017, 2021, and 2025.
Historical Channel Holds as DOGE Trades Near Support
According to analysis prepared by Ali Charts on X (formerly Twitter), Dogecoin is now testing a long-standing rising channel that has been in place since 2015. In previous cycles, each touch of this lower trendline preceded large upward movements. The same structure led to a 9,237% rally in 2017 and a 13,337% rally in 2021.
https://twitter.com/ali_charts/status/1953420859391308076
The current price movement suggests DOGE may be preparing for another rally, as it rebounded recently near $0.06 earlier in 2025. It has since moved above $0.20, showing steady daily gains. The ascending channel remains intact, and DOGE is once again consolidating near its base, a level previously known to attract strong buying activity.
Volume data from CoinMarketCap shows a 129.58% surge in 24-hour trading volume, pushing it to $2.77 billion. This rise in volume, combined with an 8.92% daily price increase, reflects renewed interest from both retail and institutional participants.
Technical Indicators Signal Accumulation Phase
According to an observation by MarketMaestro, Dogecoin’s RSI is currently around 47, a neutral zone where price trends have often shifted. If the RSI crosses above 50, it could signal momentum buildup for a breakout. The RSI level is viewed by analysts as a precursor to upward price action.
DOGE is currently trading at $0.2239, with the nearest resistance around $0.247 and further resistance expected between $0.34 and $0.45. Support remains strong at $0.1890, and the coin is holding above the psychological level of $0.20.
Martinez's chart indicates this support range has acted as a launchpad in previous cycles. The asset’s fully diluted valuation is $33.69 billion, matching its market cap. With consistent support levels and growing market activity, DOGE remains in a zone that has historically preceded strong rallies.
The post Dogecoin Trades in “Historical Buy Zone” as Analysts Eye 2017 and 2021-Style Rallies appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
