Dogecoin Price Breakout Setup Hints at 20% Rally

The DOGEUSDT price trades near $0.25, holding strong inside an ascending channel that has guided its recovery for the past month. The structure shows clear higher lows, a key bullish signal.

The upper trendline near $0.28 is now the main resistance. A breakout above that level could unlock a move toward $0.32–$0.34, implying a 20% upside from current prices.

If momentum builds before that breakout, the DOGEUSDT price could even test $0.30 within days as the upper trendline keeps rising. The slope of the channel itself is a sign that buyers remain active and every dip gets absorbed quickly.

Immediate support sits at $0.24, where buying pressure has repeatedly stepped in since mid-September. A drop below $0.22 (the 0.382 Fibonacci retracement) would weaken the bullish setup, but the broader trend remains positive as long as the channel holds.

If DOGEUSDT price clears $0.28 with strong volume, the next Fibonacci targets appear near $0.32, followed by $0.34. A stretch move could reach $0.38, aligning with the 1.618 Fib extension from the August swing low.

The RSI is steady around mid-levels, showing room for another leg up without being overbought. Meanwhile, MACD momentum lines are flattening near zero — often a pre-breakout signal when trend strength is recharging.

Holder behavior reinforces the technical story. The Spent Coin Age Band — which tracks how many old coins are being sold — dropped 88% since mid-September. That means fewer coins are leaving wallets while the Dogecoin price keeps climbing.

At the same time, HODL Waves data show both new and long-term investors are increasing their holdings. Wallets holding DOGE between 1 week and 1 month grew from 3.16% to 5.65%, while 1–2 year holders rose from 23.1% to 24.0%.

Together, these on-chain signals suggest a strong belief among holders. Coins aren’t moving, buying continues, and supply on exchanges is tightening — all supportive signs for a potential breakout.