Dogecoin is eyeing a key level! Once it holds, the next stop is a beeline for $0.19.

ELON 2025-11-5 16:48 57263人围观 DOGE

Dogecoin is testing its ascending support trendline on the daily chart, and if buyers hold the $0.165 to $0.17 area with greater volume, a rebound to $0.19 is possible USD resistance levels, which portends a 12% to 15% rally for Dogecoin amid renewed mark

Dogecoin is testing its ascending support trendline on the daily chart, and if buyers hold the $0.165 to $0.17 area on greater volume, a rally to the $0.19 resistance could signal a 12% to 15% upside move for Dogecoin amid renewed market interest.

Dogecoin’s daily chart shows price action sitting on a key ascending support trend line that has historically triggered upward rallies since early April 2025.
Holding support at $0.165 to $0.17 could trigger a 12% to 15% upside move with a price target of $0.19, along with a corresponding increase in volume.
Elon Musk's recent "it's about time" posts on

Dogecoin’s rising support trend line is testing key price levels, with a rebound target of $0.19. Discover technical analysis and market catalysts driving the cryptocurrency’s next move – stay on top of today’s price action.

What signaling significance does Dogecoin’s rising support trend line have for price action?

Rising Support Trend Line on Dogecoin Daily Chart It shows that since early April 2025, buying has continued to pour into this support level, preventing the price from falling further and creating an opportunity for a rebound. The trendline, which is sloping upward from recent lows, is now facing a new test around $0.165 to $0.17, with traders keeping a close eye on whether this support level remains in effect. If it successfully holds this support, Dogecoin is expected to head towards resistance at $0.19, which represents a 12% to 15% gain based on historical trends.

How will Elon Musk’s influence affect Dogecoin’s rebound potential?

Elon Musk’s social media activity has long been a significant catalyst for Dogecoin price volatility, and his recent “it’s about time” posts on the SpaceX platform have heightened trader concerns. Many interpreted this as a hint at ongoing Dogecoin-related projects, such as the DOGE-1 SpaceX mission planned for late 2025, at a time when Dogecoin is in the midst of a technical bottom. Market analyst Trader Tardigrade pointed out that Dogecoin is currently located near the rising support trend line, which is similar to what has happened in the past: external hype (such as Musk’s endorsement) has caused a surge in trading volume and pushed the price to rebound by up to 20% in the short term.

Historical data from 2021 to 2024 shows that after Musk’s positive remarks, Dogecoin rose by an average of 15% to 25%, with transaction volume soaring by more than 50% in the subsequent 24 to 48 hours (data from on-chain analytics platforms such as Glassnode). This time, Musk’s comments reignited the community and could provide the necessary momentum to break out of the narrow range between the $0.19 support and downside resistance. However, despite the psychological boost provided by Musk's influence, whether the rally can be sustained depends on natural buying pressure and overall market conditions in the cryptocurrency industry.

FAQ

What will happen if Dogecoin breaks below its ascending support trendline?

If Dogecoin closes below the ascending support trend line between $0.165 and $0.17, it could disrupt the current uptrend structure, causing the price to fall back to lows near $0.15. This scenario could signal weakening buyer confidence and could lead to a 10% to 15% correction. However, history shows that such pullbacks tend to attract an influx of new buying if macroeconomic factors remain stable.

Based on current technical indicators, is Dogecoin poised to rise to $0.19?

Yes, Dogecoin’s daily chart shows that the price range is narrowing, rising support remains firm, and if volume confirms a rebound, a rise to $0.19 is expected. Traders are keeping a close eye on the key $0.17 level for bullish signals. In the past, Dogecoin has seen gains of 12% to 15% when it rallied from this point, fueled by positive sentiment from the likes of Elon Musk.

Summary of key points

Dogecoin’s rising support trend line acts as a reliable support: It sparked multiple rallies since early April 2025 and is currently seeing strong resistance from buyers amid a test of $0.165 to $0.17.
Price target of $0.19, with 12-15% upside potential: A break above descending resistance could extend gains to $0.22-$0.24, with historical volume patterns supporting a similar move.
Elon Musk's 'It's About Time' post boosts market momentum: This external catalyst is consistent with the technical picture, reminding investors of DOGE-1's mission and urging them to keep an eye out for confirmation of price action.

in conclusion

Dogecoin’s ascending support trendline remains a key element in its price structure. Currently, under the influence of Elon Musk’s important remarks, the continued testing of the $0.165 to $0.17 range provides a clear path for Dogecoin. If the support level can be held, it is expected to hit the resistance level of $0.19. With Dogecoin trading within a narrowing range, an increase in trading volume will be crucial in validating the prospects of a rebound. Investors should pay close attention to these developments, as a successful rally could signal a renewed strengthening of Dogecoin’s market position by the end of 2025.
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