Dogecoin Could Rally 1,144% Above $0.09 Resistance
Dogecoin is trapped in a descending channel since September 2025, but active wallet addresses surged 28% in the recent week—a pattern historically linked to price volatility.
Key Takeaway
A breakout above $0.09 could trigger Dogecoin's first major rally in seven months.
Crypto market analyst CW identified a critical sell wall at $0.09 that could determine Dogecoin's next major move. If DOGE pushes past this level with strength, there may be no other resistance level strong enough to hold the meme coin until around $1.12, CW said in a Wednesday post on X. That would represent a 1,144% price increase from the $0.09 support level.
Dogecoin currently trades at $0.091, trapped below both the Exponential Moving Average and a descending channel that's held since September 2025. The meme coin has been in a prolonged downtrend for months, mirroring Bitcoin's decline. Dogecoin rallied above $0.25 in September 2025 before a devastating liquidation event in October crashed it back to $0.09.
Market analyst Osemka shared a price chart showing Dogecoin at the $0.09 level and said it would be a "little miracle" for the coin to break downward. The current tight range cannot last forever, Osemka added, suggesting DOGE price could soon make a strong move either upward or downward.
CW said once Dogecoin rises above its descending channel, its next major uptrend could begin in days. Active wallet addresses surged 28% from 57,000 to 73,000 in the recent week, a pattern that has historically preceded price volatility.
This article was written based on reporting from Bitcoinist.
