Cryptocurrency analyst Ali Martinez said on Tuesday that Dogecoin (CRYPTO: DOGE) may continue its upward trend, provided it does not lose key support levels.

Will DOGE Sustain The Rally?

In an X post, Martinez highlighted DOGE trading in a rising channel on its 1-hour chart, with the lower boundary at $0.087 acting as a crucial support level.

“As long as the $0.087 support level holds, I think price could rebound toward the mid-range at $0.092 or even the channel top at $0.095,” the analyst projected.

If DOGE reaches $0.095, that would be roughly an 8% increase from its current level.

A rising channel pattern consists of two upward-sloping parallel lines, indicating that an asset’s…

Read more on Benzinga