Dogecoin Holds Steady Within Long-Term Channel as Analysts Eye Breakout Potential Above $0.36–$0.40

• Dogecoin trades at $0.2480, holding long-term support within its ascending channel.
• Analysts note accumulation near the trendline, with breakout targets between $0.54 and $0.70.
• October seasonality shows 11.2% average gains, supporting continued bullish momentum.

Dogecoin remains in an accumulation phase within its long-term ascending channel, with analysts noting the possibility of an upcoming breakout. The token has consistently maintained higher lows since 2015, preserving structural integrity within its bullish framework. At the time of writing, Dogecoin traded at $0.2480 after a short-term correction.

Long-Term Structure Shows Accumulation Phase

Doge has continued to rebound from its lower channel boundary since 2015, according to analysis prepared by Ali Charts. Each recovery from this zone has been followed by strong rallies, including the surge to $0.73 in 2021 and $0.34 in its next peak.

The current structure shows the token sustaining accumulation near the trendline, mirroring past pre-breakout conditions. Historical patterns suggest that when price compresses within this zone, it often leads to sharp upward expansions. Trading volume remains steady, aligning with long-term holders rather than speculative activity.

Options and futures data reflect active participation. According to Coinglass, options open interest grew by 43.60% while volume increased by 28.85%. Futures open interest declined slightly to $4.49 billion, yet long-short ratios on Binance and OKX showed traders leaning bullish.

Key Levels and Market Outlook

Dogecoin is holding steady at a price range of 0.22 -0.24, which is keeping its daily configuration healthy. Analysts note that holding above this range keeps momentum constructive and positions the market for higher moves. Immediate resistance lies near $0.2746, with stronger resistance around $0.30.

According to an observation by The Moon Show, a clear monthly close above $0.36–$0.40 would confirm a breakout of the larger pattern. Such a move would project potential targets between $0.54 and $0.70, in line with past cycle expansions.

Seasonality also supports a positive outlook. Data from CryptoRank shows Dogecoin has averaged 11.2% October gains since 2013. This year, the token has already recorded a 7.55% rise in the first days of October, reinforcing expectations for continued upward momentum.