Can Dogecoin Break Higher from Key Support?

According to crypto market analyst Ali Martinez, Dogecoin's sustained position above $0.15 strengthens the possibility of a rally towards the $0.22 level.

Dogecoin currently holds its position as the 9th largest cryptocurrency by market capitalization, valued at approximately $24.66 billion. Trading volume reflects consistent interest, with a 24-hour volume nearing $391 million and a modest 7-day gain of 0.23%.

A chart presented by the crypto expert illustrates an ascending trendline, which has provided robust dynamic support since early 2024. Dogecoin recently rebounded from this rising trendline, which aligns with horizontal support just above $0.15, underscoring the importance of this price area.

Key Support and Resistance Levels:

• Support: $0.1500 (horizontal) and $0.1550 (ascending trendline)
• Resistance: $0.1850 (minor horizontal), $0.2000 (psychological level), and $0.2200 (Fibonacci & structural zone)

If Dogecoin maintains upward momentum above these levels, a retest of the upper resistance band becomes increasingly likely, particularly if broader market sentiment turns bullish. Conversely, a break below $0.15 could negate the bullish outlook and potentially lead to a retest of lower support levels near $0.13.