Dogecoin is again testing one of the most important support zones on its long-term chart.

The Crypto Basic, a blockchain outlet, reported on June 15 that Dogecoin is trading around $0.088, near the lower boundary of a rising channel that has held for years.

The zone overlaps with a trendline that has underpinned Dogecoin’s market structure since 2021. Crypto analyst Cryptolica said in a recent analysis that the support has repeatedly marked the bottom of major pullbacks and could be a turning point before the next market phase.

The key on the chart is an ascending bottom trendline that has held for more than 5 years. Even after Dogecoin surged in early February 2021 from $0.037 to $0.088, it has found support around the trendline during subsequent major corrections. In June 2022 it fell to $0.049 and then rebounded, and in August 2023 it touched around $0.057 before resuming an upward move.

The most recent retest of the support came during a sharp market drop in February. Dogecoin fell to $0.080 at the time but limited losses near the rising trendline. The current correction is also seen as a case of the price returning to the same structural support zone. Cryptolica said the technical significance of the support is growing because buying has flowed in on each retest despite repeated volatility over several years.

Still, support alone does not allow a firm conclusion of a strong recovery. Dogecoin has repeatedly faced resistance at higher levels, and even if support is confirmed at the bottom trendline, it must reclaim key resistance levels for a meaningful rebound. The first resistance level on the chart is $0.15. Dogecoin rose to around that level in January and then moved sideways for several months.

Above that is a mid-channel resistance zone. The zone blocked multiple attempts to rise throughout 2025. From February to September 2025, repeated breakout attempts failed around $0.26 to $0.30, after which Dogecoin lost upward momentum. A shift into a sustained recovery would require regaining the mid-channel line and building a support base above it.

If it recovers to the top of the rising channel, longer-term targets are also being discussed. Dogecoin last tested the channel’s upper boundary in 2021, when it rose to $0.74. One view said that if the trendline is regained, it could open a path beyond $1 to around $1.50. That would be a level that sets a new all-time high for Dogecoin.

Market participation is showing signs of reviving in the short term. Trading volume over the past 24 hours rose 31 percent to $663 million, while open interest over the same period edged up to $1.16 billion. It signals renewed interest in derivatives markets, but whether there is an actual trend reversal is expected to hinge on defending long-term support and reclaiming key resistance levels.

Ultimately, Dogecoin’s next move depends less on a simple price bounce than on whether market participants regain confidence. Interest is reviving as volume and open interest rise, but it remains to be seen whether this can translate into real buying and a recovery in the trend. For now, the market is expected to watch whether Dogecoin can rebuild upward momentum within its long-term structure.

DOGECOIN PERFECT BOTTOM ✅ 2021-2026: 5 years bottom line ... pic.twitter.com/g0gDqYuGJA