Here are Dogecoin’s key price levels to watch as DOGE set to rebound

Dogecoin ($DOGE) may be preparing for a major rebound after weeks of sideways movement, according to crypto analyst Ali Martinez.

This outlook comes as the meme cryptocurrency shows signs of short-term strength. As of press time, $DOGE was valued at $0.19, gaining over 5% in the past 24 hours, while on the weekly time frame, it is up 4%.

In an X post on October 18, Martinez noted that $DOGE is trading within an ascending parallel channel that stretches back to early 2023. Dogecoin is currently hovering near the lower boundary of this channel, a region that has historically acted as a reliable launch pad for rallies.

At the same time, the token is defending a key support area around $0.16, near the 0.618 Fibonacci retracement level. As long as this zone holds, bullish momentum could begin to build. The next immediate price barrier is $0.21, which must be breached for $DOGE to confirm a recovery.

If upward momentum strengthens, the first major resistance lies at $0.29, a level where the price previously faced strong rejection and which aligns with the mid-range trendline of the channel.

A successful breakout above that level could propel $DOGE toward $0.45 in the medium term. Under a strong bullish scenario, Martinez suggested Dogecoin could even reach $0.86 by 2026 if it follows the upper trajectory of the channel.

Dogecoin looking at $1

Meanwhile, the possibility of Dogecoin breaking out was also highlighted by prominent crypto analyst The Scalping Pro, who in an X post on October 19 pointed out that the token is showing signs of a bullish setup that could push it toward $1 sooner than expected.

His outlook noted a steady uptrend forming since early 2024, with price consolidating around $0.19 and maintaining higher lows within an ascending channel.

A projected rebound from current levels suggests a move through $0.40 and a potential breakout toward the upper resistance near $1.17 by 2026.

If the trend holds, Dogecoin’s structure points to renewed momentum and investor confidence. A sustained move above key resistance could confirm the start of a major rally.

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