- Dogecoin has formed a strong base near $0.15 and it has held this level with steady trading signals seen
- Fibonacci levels show $0.22 may be the next move if buyers keep pushing price beyond $0.18 in time
- Chart analysis from July 5 explains how $0.15 trendline could help DOGE find support for a new upward move
Dogecoin (DOGE) is trading above a key ascending trendline and maintaining support at $0.15, according to data from TradingView. The latest analysis suggests that sustained strength above this level could open a potential path to $0.22. At press time, DOGE was trading at $0.16307, with a daily gain of 0.17%.
The observation came from analyst Ali, who shared a TradingView chart showing Fibonacci retracement levels and an upward trendline dating back to October 2024. The analysis highlights that if DOGE remains above the $0.15 level, bulls may attempt a push toward the 0.5 Fibonacci level at $0.18432 and possibly $0.22.
As the meme coin market remains quiet, DOGE’s technical resilience invites a critical question: Can this upward momentum hold amid market uncertainty?
Technical Indicators Signal Support Strength
The chart published on July 5, 2025, captures Dogecoin’s daily price movement from mid-2024 through early July 2025. A long-term ascending trendline was plotted, starting from a low of $0.04869 and extending through the current price action.
DOGE has bounced off this trendline multiple times, confirming it as a solid area of support. The price has stayed within the range of $0.15 to $0.18 for the past two months.
Fibonacci levels based on the high of $0.46673 and the low of $0.05786 reveal critical price levels. These include $0.10263 (0.618), $0.14832 (0.5), and $0.22056 (0.786), which are being closely watched by traders.
The $0.15 zone aligns closely with the 0.5 Fibonacci level, making it a vital inflection point. If this zone breaks down, the price could revisit the lower region near $0.12 or even the trendline support near $0.10.
Rebound Prospects Rise as Consolidation Continues
DOGE’s ability to stay above the $0.15 mark has sparked optimism among technical traders eyeing a recovery to higher levels. Analyst Ali noted on social media, “The longer Dogecoin stays above $0.15, the stronger the odds for a rebound to $0.22.”
Volume has remained steady, and consolidation appears to be forming a base pattern, potentially leading to another breakout. A decisive daily close above $0.18 could confirm bullish strength, making $0.22 a possible short-term target.
Between April and June, DOGE failed to reclaim the 0.618 Fibonacci zone at $0.21023 despite multiple attempts. Any renewed buying pressure will have to overcome resistance between $0.18 and $0.22 to maintain bullish momentum.
Market participants have adopted a wait-and-see approach as DOGE moves within a narrowing price range. Traders are closely watching price behavior at this key level.
Community Reaction and Analyst Positioning
Ali’s post on X (formerly Twitter), which has gained over 28,000 views and 450 reposts, has sparked a divided reaction. While some users dismissed the analysis, others acknowledged the logic of the Fibonacci alignment and trendline support.
In response to criticism, Ali clarified, “I don’t predict. I analyze.” This suggests a focus on chart-based probabilities rather than speculative calls.
DOGE’s recent price history reflects volatile swings, from a low of $0.04869 in October 2024 to a peak of $0.46673 in early 2025. Since then, the asset has been in a downtrend but shows signs of stabilization.
Despite short-term market doubts, DOGE remains one of the few altcoins with consistent trendline support visible on long-term charts.
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