The post DOGE Bulls Hold The Line At $0.15 — Is The Rally Still Alive? appeared on BitcoinEthereumNews.com.

Dogecoin (DOGE) prices have crashed by over 4% in the past month indicating a slightly dominant bearish influence in recent weeks. Similar to the crypto market leader (Bitcoin), the prominent altcoin and memecoin has registered significant market corrections since attaining a local peak of $0.249 on May 22. However, recent revelations by top analyst Ali Martinez has shown a bullish market condition that supports a price rebound for the DOGE market. DOGE Bulls Eye Return To $0.22 In an X post on July 5, Martinez provides some technical insights into the DOGE market highlighting an important requisite for the altcoin to rediscover its bullish form. Using the daily trading DOGEUSDT chart, the renowned analyst identifies an ascending trendline that stretches to 2023. At multiple instances of a retest, this trendline has acted as an efficient support consistently rejecting a further price decline. According to Martinez’s analysis, Dogecoin is trading around this trendline which presently runs through the $0.150 price level. The analyst explains market bulls must defend this price zone which not only fuels the chances of a price rebound, but essentially prevents a breakdown and complete transition to a bearish market. Interestingly, all retest of the highlighted trendline has always produced a price bounce resulting in a parabolic rally. This event is seen in price surges of $0.059 to $0.210 (≈255% gain) between 2023-2024, and $0.095 to $0.470 (≈395%) in 2024. However, Ali Martinez presents a conservative price target, stating a defence of $0.15 support level supports a quick bullish return to at least $0.220. Nevertheless, in the presence of a strong bullish pressure as seen in previous rallies, DOGE investors may expect a further rise to around $0.24 with a potential to return to the local market peak of $0.47. DOGE Price Overview At the time of writing,…

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Filed under: News - @ July 6, 2025 7:23 am