Dogecoin Shows Bullish Setup as Key $0.169 and $0.230 Levels Approach

⬤ Dogecoin is showing a bullish setup as its price consolidates beneath a long-term descending resistance line. The structure on the DOGE chart indicates improving conditions for upward continuation, backed by a narrowing channel and a potential trend shift. The market is currently trading around $0.150, a level that remains crucial for short-term direction.

⬤ The chart reveals a downward-sloping resistance trendline that has guided price action for months and continues acting as a major technical barrier for DOGE. Recent movements show the asset moving within a green descending channel, with two significant levels marked at $0.169 and $0.230 as potential upside targets. The compression of price swings against this broader trendline suggests that DOGE may be building strength for a retest of higher areas if buying momentum picks up.

⬤ The setup also features a projected path showing two possible scenarios: continued movement within the descending channel or a breakout above resistance if bullish sentiment accelerates. The upward projection extends toward the long-term trendline into 2026, while the downward path outlines how price could behave if momentum weakens. With DOGE trading above short-term support levels, traders are watching whether the asset can stabilize and build momentum to approach the highlighted resistance targets.

⬤ This pattern matters because Dogecoin has historically shown sharp directional moves when interacting with long-term trendlines, and a bullish transition could influence sentiment across broader meme coin markets. If the price holds current support and begins challenging overhead resistance, momentum could shift, signaling a possible departure from an extended consolidation phase. However, failure to advance would keep DOGE within its established downward structure. My Take: Dogecoin’s technical setup looks promising with clear targets at $0.169 and $0.230, but the real test comes at that long-term resistance line. If buying pressure builds and DOGE breaks above, we could see strong momentum into 2026.

Source: Don