DOGE price prediction: "Parallel channel" uptrend activated, which could trigger a significant price pump.

DOGE (DOGE) continued its upward trend during the early European session today (10), currently reported at 0.1820 USD. Crypto Assets analyst Ali Martinez emphasized a familiar chart pattern in his latest video "DOGE Rebound," which he believes could lead to a significant pump in DOGE's price. According to him, this upward trend has already been initiated.

Ali refers to the "Parallel Channel" - a technical pattern where prices fluctuate between two clear parallel trend lines. He pointed out that DOGE has just touched the bottom of this channel, which has been a reliable support level in the past. He claims that "every time DOGE forms this pattern, the price goes up," indicating that we may be at the beginning of another major volatility.

According to Trading View, the "parallel channel" drawing tool is mainly used to identify price trend movements. If the user wishes for the channel to extend infinitely, the parallel channel tool can be adjusted to extend to the right, to the left, or in both directions.

The DOGE rebound this time coincided with the price touching the lower edge of the parallel channel, just like the previous rebound. The timing further corroborates Ali's argument about the possibility of history repeating itself.

He believes that if there is a wave of buying, DOGE could rise to $0.20 in the short term, and if the momentum continues, it could even reach $0.25. This means that DOGE would increase by 10% to nearly 40% from the current level. Considering the volatility of meme coins like DOGE, this target, while ambitious, is not impossible.

(Source: X)

How realistic is this DOGE price prediction?

Let's look at this issue from a more contextual perspective. DOGE is no stranger to explosive fluctuations. It has a loyal community, strong brand recognition, and often thrives when market sentiment is bullish—especially when retail investors are active. We have seen this situation many times, with the most recent being in the fourth quarter of last year when DOGE skyrocketed from $0.07 to over $0.40 in a matter of weeks. What is interesting now is that DOGE has been quietly consolidating within a narrower range, and after a prolonged period of sideways trading, a breakout often brings additional strength.

That said, 0.20 USD is still within reach. This is a psychological price level and also a previous support/resistance level. In past cycles, we have seen DOGE touch this area multiple times. With the current momentum strengthening and Bitcoin maintaining strength near recent highs, meme coins like DOGE have further room to rise. To reach 0.20 USD, it only requires a slight continuation of today's pump, especially with overall market sentiment remaining bullish.

As for 0.25 dollars, that seems a bit far-fetched. It may require some catalyst – either a sudden surge in retail interest, or news events related to DOGE (such as Musk's tweets, or the integration of DOGE with large applications like X), or a stronger overall rally in altcoins. Without such triggering factors, the 0.25 dollar mark may seem more like a ceiling than a realistic short-term target.

The "parallel channel" model alone does not guarantee a rebound

It is worth remembering that while technical models like parallel channels can help identify opportunities, they are not foolproof. They work best when aligned with broader market conditions. Currently, these conditions are mixed: Bitcoin is performing strongly, but altcoins are still struggling to catch up. If funds shift towards meme coins, DOGE may benefit—but if funds continue to concentrate on mainstream coins like Bitcoin (BTC) and Ethereum (ETH), the upward momentum for DOGE may stagnate.

However, Ali's chart still makes sense. The chart clearly shows that DOGE is rebounding from the downtrend line, just like the trend that led to the pump in the past. If history is any guide, breaking through $0.20 in the short term is not only possible but very likely, but the DOGE bulls still have some work to do.