Dogecoin (DOGE) has not yet recovered from the recent price crash triggered by former U.S. President Donald Trump’s renewed tariff threat to China on Oct. 11. It is trading at $0.19, down 5% in the last 24 hours. Now, analyst Ali Martinez predicts DOGE could climb to $0.33 if the current support holds. But technical patterns alone cannot decide its future. Let’s analyze DOGE in detail.
Analyst Identifies $0.19 as Key Level
Martinez said Dogecoin is moving inside a parallel ascending channel that has remained intact since early 2024. The $0.19 support forms the lower line of this structure. The same zone acted as a rebound point during the March and June pullbacks.
He believes that holding this range will keep the uptrend valid and could push the price toward $0.33, which marks the upper line of the channel. The Relative Strength Index (RSI) is near 45.7, showing a neutral trend. The 50-day Exponential Moving Average (EMA) is around $0.203, keeping the short-term outlook balanced.
An independent analysis shows that Dogecoin price has broken below its rising channel, ending the steady uptrend that started earlier in 2024. The $0.19 level now acts as both a short-term support and a potential retest zone for the broken trendline.
If the price fails to reclaim the channel, the next visible support sits near $0.15.
The DOGE token trades below all major moving averages — the 20, 50, 100, and 200-day EMAs between $0.22 and $0.23 — showing that momentum remains weak. The RSI hovers around 45.7, slightly above oversold territory, hinting at consolidation rather than recovery.
A daily close back above $0.225 would be the first sign of strength. Until then, the broader setup stays neutral to bearish, with downside risk if $0.19 fails to hold.
Additionally, derivatives data shows Dogecoin’s open interest (OI) is about $1.92 billion, up from $1.8 billion earlier this week. The increase shows new activity but not aggressive leverage. The funding rate is at -0.011%, meaning short positions slightly exceed longs.
The data shows traders are cautious. When open interest rises slowly and funding stays flat, prices often react more to spot demand than futures positioning.
Corporate and Institutional Moves Support DOGE Adoption
The latest corporate update came on Oct. 15, when Thumzup Media Corporation (NASDAQ: TZUP) announced it is testing Dogecoin payouts in its advertising app. The company said DOGE transactions could allow instant and low-cost payments for creators and advertisers. Thumzup’s board also approved a crypto treasury plan that includes Dogecoin, pending regulatory clearance.
Institutional exposure is also increasing. CleanCore, a Dogecoin treasury firm, has expanded its holdings to over 710 million DOGE and aims to build a 1 billion DOGE corporate reserve. This move positions CleanCore among the first companies treating Dogecoin as a treasury asset.
At the same time, the House of Doge, the corporate arm of the Dogecoin Foundation, plans to list on Nasdaq through a reverse merger with Brag House Holdings. The company will focus on Dogecoin-denominated merchant payments, treasury services, and data analytics, linking the token more closely with mainstream finance.
