TLDR
- Dogecoin is currently retesting a key resistance trendline after a breakout from a 146-day ascending channel.
- The memecoin has retraced 10 percent from its recent high but remains above the previous resistance level.
- Analysts believe that holding this level could lead to a strong bullish continuation toward higher price targets.
- Trader Tardigrade expects a rally to the December high of $0.484 if the support holds.
- Dogecoin sentiment has entered the Extreme Greed zone with a score of 80 on the Fear and Greed Index.
Dogecoin (DOGE) is testing a key resistance trendline after breaking out of a 146-day ascending channel. The memecoin has retraced from its recent high, aligning with broader market weakness, yet analysts highlight the importance of this retest. The outcome of this phase could decide Dogecoin’s next significant move.
Dogecoin Reclaims Focus with Channel Retest After Breakout
Dogecoin broke above a long-standing resistance after trading within an ascending channel for nearly five months. This breakout followed a strong 38% rally, pushing the price to a high of $0.288 earlier this week. It has since dropped 10% as the broader crypto market trends sideways.
Analysts believe the current pullback is a healthy correction within a bullish structure and remains above the prior resistance level. Maintaining support at this zone is considered key to sustaining upward momentum. Technical expert Trader Tardigrade identified the retest as a positive sign for Dogecoin’s future trend.
#Dogecoin has retested the Channel top 🔥$Doge/D1 https://t.co/mdX2lwIdXD pic.twitter.com/LCGNCJBmIr
— Trader Tardigrade (@TATrader_Alan) July 23, 2025
Historical data shows Dogecoin entered the channel in late February after a 13% drop, consolidating until this month’s breakout. During this period, the upper channel trendline repeatedly blocked upward movements, notably in May. However, the recent breach has created expectations of further price expansion if support holds.
Price Action Targets Higher Levels as Sentiment Builds
Trader Tardigrade projected a potential rally back to the December high of $0.484, implying an 86% increase from $0.26. This rally would also represent a 238% gain from June’s low of $0.143, where many sold amid uncertainty. The size of the ascending channel supports the case for a substantial upward movement.
Dogecoin’s Fear and Greed Index now stands at 80, placing the coin in the “Extreme Greed” territory among traders. This sentiment shows increased enthusiasm for higher prices, though some market watchers warn of possible overextension. Regardless, as long as the retest confirms support, analysts see further upside as probable.
Past resistance has now become a key level to watch, with traders eyeing reactions near this former ceiling. Dogecoin’s current trend aligns with earlier projections suggesting targets of $0.85, $1.46, and even $4 in an extended rally. Prominent traders argue that failing to expect a $5 price this cycle misses the market potential.
Analyst Predicts Parabolic Expansion Based on Technical Setup
The ascending channel’s length and structure suggest the potential for a parabolic expansion if Dogecoin sustains momentum above the trendline. Market participants are monitoring the chart to determine if consolidation will trigger another surge. Failure to hold the support could limit gains, but strength here reinforces the bullish view.
Dogecoin has held above the breakout level despite short-term selling pressure. The current pattern signals continued interest from buyers who anticipate a renewed push upward. All attention now shifts to how the coin performs around this trendline support, which will shape its medium-term trajectory.
