Dogecoin Seeks to Hold Key Support at $0.081 Amid Analyst Bullishness

Dogecoin is facing a critical on-chain support level at $0.081, according to crypto chart analyst Ali Martinez. This level represents roughly 30 billion DOGE previously traded at that price.

If Dogecoin holds this level, Martinez sees relatively little resistance between it and $0.177, representing over 100% potential upside from the support level.

Trader Osemka points out that Dogecoin has already moved above the important $0.0873 level from 2021, calling the latest weekly close a major technical win.

Osemka views DOGE as having completed Waves 1 and 2, with a larger Wave 3 now underway. However, he expects continued choppy upside before a potentially larger expansion.