Technical signal suggests Dogecoin prices could retest old all-time high

The post Technical signal suggests Dogecoin prices could retest old all-time high appeared on BitcoinEthereumNews.com.

⚈ Dogecoin closed above its 50-day moving average for the first time in three months.⚈ A monthly close above $0.20 could trigger a move surpassing the previous all-time high.⚈ Analyst Ali Martinez predicts a potential rally to $0.9 based on technical patterns. Dogecoin (DOGE) prices have seen an 8.82% increase in the past seven days. On April 25, the original meme coin closed above its 50-day moving average (MA) on the 1-day timeframe for the first time in three months. By press time on April 28, DOGE was changing hands at a price of $0.17952, slightly below its 50-day MA of $0.18222. DOGE price 1-week chart. Source: Finbold As powerful a bullish signal as that is, one noted cryptocurrency technical analyst is positing that a monthly close above $0.20 could lead to a huge move to the upside. Channel up pattern suggests Dogecoin price rebound is around the corner A close above $0.20 would place Dogecoin prices significantly above the lower trendline of a long-term channel up chart pattern, as showcased by cryptocurrency researcher Ali Martinez in an April 28 X post. Previous bounces off of this key support trendline have lead to significant upward moves. Martinez believes that such a close would lead to a rise to the 0.739 Fibonacci retracement level, which would see Dogecoin price surpass the previous all-time high (ATH) of $0.74, some 312.21% above current prices. If #Dogecoin $DOGE can secure a monthly close above $0.20, it could pave the way for a rally toward its all-time high of $0.74. Such a breakout would signal strong bullish momentum and potentially attract increased investor interest. pic.twitter.com/ky88B6XFZy — Ali (@ali_charts) April 28, 2025 The analyst had previously outlined a case for a possible surge to $0.9 in the longer term, which would equate to a 401.33% rally.…