As meme cryptocurrency Dogecoin (DOGE) continues to defend the $0.20 support, an analyst has observed that the token is building the ideal path toward reaching $0.50.
According to Ali Martinez, investors should watch the critical $0.29 level. A decisive break above this resistance could pave the way for an extended rally, he noted in an X post on September 10.
The analysis, based on the daily chart, shows DOGE trading in a tight range between $0.21 and $0.27 for much of August and early September.
Notably, the token has repeatedly tested the $0.27 and $0.29 resistance zone, which has proven difficult to overcome in recent months. Should DOGE manage to breach this barrier, Martinez’s outlook suggested that the breakout could generate momentum strong enough to double its value, with the next notable resistance only appearing near $0.50.
Dogecoin price analysis chart. Source: TradingView
At the same time, the token’s support levels remain clustered around $0.21 and $0.17,
We współpracy z: https://finbold.com/analyst-sets-dogecoins-doge-path-to-0-50/
