Dogecoin's Decade-Long Support Trendline Tested Ahead of Potential 5x Rally

Dogecoin is currently testing a decade-long rising support trendline that preceded major rallies in 2017 and 2020, according to CryptoRank.

The trendline is currently around $0.07-$0.075, and if it holds, it could set up a recovery for the asset.

However, traders note that Dogecoin must break its long-term descending trendline and reclaim $0.10-$0.13 before a 5x target near $0.36 becomes realistic.

This setup remains speculative while Dogecoin trades below the trendline, and losing the horizontal support zone near $0.06-$0.07 would invalidate the bullish structure and increase the risk of further declines.