Dogecoin (CRYPTO: DOGE) has accumulated around 5% over the past month but traders have marked key levels for breakdown or rally.
Key Technical Support
In a X post on May 25, crypto chart analyst Ali Martinez explained Dogecoin is testing a major technical support zone near $0.1020 as traders monitor whether buyers can defend the meme coin's mid-channel structure following its recent pullback.
DOGE retraced after touching the upper boundary of its multi-week trading channel, with analysts now focused on the alignment between the channel midpoint and the 50-day simple moving average.
Martinez predicted that a successful hold could trigger a rebound toward the channel resistance near $0.1156, while breakdown may open the door for a flush toward the lower boundary near $0.0883.
