Dogecoin Reclaiming $0.17 Could Fuel Rally Toward $0.21, Says Analyst

A TD Sequential "9" buy signal has emerged on the 3-day DOGE chart, suggesting a possible bullish reversal near trendline support.

Ali notes that reclaiming $0.17 may unlock upside momentum, with historical signals often preceding notable rallies on Dogecoin's chart.

If momentum builds above $0.165, DOGE could advance toward the 0.618 Fibonacci level at $0.23117, according to current chart structure.

Dogecoin is showing early bullish momentum as price action stabilizes near a crucial resistance. Analysts point to the possibility of a short-term rebound if the $0.17 level is reclaimed soon.

Price Consolidates Above Key Trendline Support

Dogecoin (DOGE) continues to trade above a rising trendline that has held firm since late 2023. The trendline, currently intersecting between $0.13 and $0.14, has acted as a long-term support base during prior corrections. DOGE’s current market price of $0.1635 shows a 2.29% gain over the last 24 hours and a 3.59% rise over the past week.

As per the analysis shared by Ali (@ali_charts), DOGE is consolidating just below the 0.5 Fibonacci retracement level at $0.16537. This level remains the immediate resistance. Price action near this area will be critical in the short term. The overall chart structure suggests stability, with the ascending trendline reinforcing the underlying bullish formation.

A potential breakout above the $0.165 mark, especially on increased trading volume, could open a path toward higher retracement levels

TD Sequential Buy Signal Suggests Bullish Setup

Ali also noted the presence of a TD Sequential "9" buy signal on Dogecoin’s 3-day chart. This technical setup has previously marked the beginning of notable bullish runs. The signal has now appeared near the trendline support, increasing its relevance as a potential reversal indicator.

Historically, the TD Sequential pattern has been reliable in forecasting short-term trend reversals when forming near key support zones. If buyers maintain momentum and push the price above the nearby resistance, Dogecoin could revisit the 0.618 Fibonacci level at $0.23117.

However, any such move would depend on broader market sentiment and sustained volume inflows. For now, the technical framework provides traders with a defined structure to monitor further price action.

Reclaiming $0.17 Could Unlock Upside Toward $0.21

According to Ali's tweet, a decisive move above the $0.17 resistance may trigger a new upward leg targeting $0.21. This level would represent a continuation of the bullish structure aligned with historical Fibonacci projections.

DOGE’s price remains in a tight range, but the presence of strong support, along with bullish technical signals, keeps upward prospects on the table. As long as the trendline holds, the probability of further price recovery remains intact heading into the second half of 2025.

Market participants will closely watch how DOGE reacts near the $0.165–$0.17 resistance area in the coming days. A breakout could validate the bullish scenario mapped by recent technical indicators.

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