The price of DOGE has decreased about 4.5 % this week, and it is now trading just less than $ 0.20. The price has been slow in the past two weeks, but is there any altcoin to be done differently?
Ali Martinez has been an audio about Dogecoin over the past few months and has updated his forecasts in the price of Dogecoin.
Looking at the Martinez scheme, Dogecoin was following the long -term escalating channel pattern for some time. The price is constantly respecting this channel, as it wore the lower borders several times and reaching the upper borders during the strong bull runs.
As of March 8, 2025, DOGE is traded at $ 0.19384, a decrease of about 19 % of the last high levels. The interesting thing is that Doug recently touched the lower boundaries of this channel ascending at about $ 0.17 and it appears to be upward. Martinez suggests that the support level may be the basis for a possible gathering.
The scheme determines many main support and resistance levels. The $ 0.17 sign represents the lower boundaries of the channel, which historically provided strong support for Dogecoin. If this level fails to keep it, the following important support will be about $ 0.06 -0.07 dollars, which is in line with the level of Fibonacci tradition 0.618.
if #DogeCoin $ Doge Maintains support on the lower boundaries of the channel at $ 0.17, as it may lead to a strong recovery about $ 2.74! pic.twitter.com/ncvkc4ix6p
Ali (ali_charts) March 8, 2025
Dog’s possible price goals on the basis of Fibonacci levels
On the side of the resistance, Dog is likely to face obstacles in the medium canal area between 0.40-0.57 dollars, as the price had previously fought. However, the most ambitious Martinez goal sits at $ 2.74, which is compatible with the level of extension Fibonacci 1.272.
The analysis also indicates more ascending Fibonacci goals At $ 4.24 and 20.32 dollars, the extension levels represent 1.414 and 1.618, respectively. Although these recent numbers represent an unusual growth of current prices.
Basically, Dogecoin has a critical turn. If it maintains the support at $ 0.17, we may see about $ 0.40-0.57 dollars first, then it is likely to go $ 2.74 if there is a full operation. However, if DOGE collapses to less than $ 0.17, this may lead to a deeper correction to a range of $ 0.06-0.07.
The good news of Doge holders is that the long -term bullish trend is still intact as long as the boundaries of the lower canal bears. The market will closely monitor to find out the scenario that reveals in the coming weeks.
Also read: XRP price expectations: How a Ripple fine of $ 125 million can affect the market
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