Dogecoin's Survival at Key Support Level Paves Way for 100% Upsurge

Dogecoin (CRYPTO: DOGE) is defending a critical on-chain support level, according to crypto chart analyst Ali Martinez. The key level to watch is $0.081, which represents a significant support point for Dogecoin.

Martinez notes that if DOGE holds this level, there's relatively little resistance standing between it and $0.177, representing a potential 100% upside from the support level.

Trader Osemka agrees with Martinez's assessment, pointing out that Dogecoin has already moved above an important level of $0.0873 from 2021. This recent move is seen as a major technical win for DOGE.

Osemka expects continued choppy upside before a potentially larger expansion, citing previous cycles where Dogecoin's behavior was similar.