Crypto analyst Ali highlights Dogecoin's (DOGE) resilience above an ascending channel since 2014. Despite historical boom-and-bust cycles, DOGE remains in a bullish range with potential to rally towards $4.
The channel comprises key support and resistance lines, with past spikes in 2017-2018 and 2021. Currently priced around $0.25, DOGE has room for upward movement, possibly breaking the $0.50 trendline.
Fibonacci levels provide a technical roadmap, indicating possible future expansions but cautioning speculative risks.
Dogecoin maintains its bullish trajectory, though a drop below $0.19 could challenge its trend.