Can Dogecoin Hold Key Support? If Yes, Traders See a Clear Path to $0.10

Dogecoin (CRYPTO: DOGE) is defending a critical on-chain support level as traders point to a potential move higher.

Will DOGE Hold Support Levels?

Crypto chart analyst Ali Martinez highlighted $0.081 as one of Dogecoin’s most significant support levels, with roughly 30 billion DOGE previously traded at that price.

If DOGE holds the level, Martinez sees relatively little on-chain resistance standing between the meme coin and $0.177, representing more than 100% potential upside from the support level.

Trader Osemka pointed out Dogecoin’s move above the important $0.0873 level from 2021, calling the latest weekly close a major technical win.