Ali Martinez has been vocal about Dogecoin for years now, and after a break, he’s back with a fresh outlook on the popular meme coin. In his latest video titled “DOGECOIN REBOUND,” Martinez highlights a familiar chart setup that he believes could lead to a serious price rally. And according to him, it’s already in motion.

He’s referring to a parallel channel – a technical pattern where the price bounces between two clean, parallel trendlines. Martinez points out that Dogecoin has just touched the bottom of this channel, which has acted as a reliable support level in the past. He claims that “every time Dogecoin forms this pattern, price takes off,” suggesting that we might be at the beginning of another big move.

At the time of writing, Dogecoin is trading at $0.18, following a strong 5% daily pump. This bounce comes exactly as the price brushed the lower edge of the parallel channel, just like it did in previous rallies. The timing adds weight to Martinez’s argument that history might repeat itself again.

He believes that if a buying wave kicks in, DOGE could rise to $0.20 in the short term – and even stretch to $0.25 if the momentum holds. That would mean a 10% to nearly 40% rally from the current level, which is ambitious but not out of the question given how volatile meme coins like DOGE can be.

Every time Dogecoin $DOGE forms this pattern, price takes off! pic.twitter.com/ioeCjOXOG9

Let’s look at this with a bit more context.

Dogecoin is no stranger to explosive moves. It has a loyal community, strong brand recognition, and tends to thrive during bullish market sentiment – especially when retail traders are active. We’ve seen it happen time and time again, most recently in Q4 last year when DOGE pumped from $0.07 to over $0.40 within weeks. What’s interesting now is that DOGE has quietly been consolidating in a tighter range, and breakouts after long periods of sideways movement often come with extra strength.

That said, $0.20 is within reach. It’s a psychological level, but also a previous support/resistance zone. We’ve seen DOGE tap this area several times in past cycles. With current momentum building and Bitcoin holding strong near its recent highs, there’s room for meme coins like DOGE to make another leg up. Hitting $0.20 would only require a slight extension of today’s pump, especially if broader market sentiment stays bullish.

As for $0.25, that’s a bit more of a stretch. It would likely require a catalyst – either a sudden surge in retail interest, a DOGE-related news event (think Elon Musk tweet or integration with a major app like X), or a more aggressive altcoin rally across the board. Without that kind of trigger, the $0.25 mark may act more like a ceiling than a realistic near-term target.

Read also: SHIB Holders Are Watching a New Meme Coin – Here’s Why Everyone’s Talking About It

It’s worth remembering that even though technical patterns like parallel channels can help spot opportunities, they’re not magic. They work best when they align with broader market conditions. Right now, those conditions are mixed: Bitcoin is strong, but altcoins are still playing catch-up. If capital rotation shifts toward meme coins, DOGE could benefit – but if money stays focused on majors like ETH and BTC, the momentum may stall.

Still, Martinez’s chart makes sense. The visual clearly shows DOGE bouncing off the lower trendline, just as it did in past moves that led to rallies. If history is any guide, a short-term breakout to $0.20 isn’t just possible – it’s probable, but DOGE bulls still have some work to do.

Read also: WIF Price Approaches Breakout Level – What the Chart Is Telling Us

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The post Every Time Dogecoin ($DOGE) Forms This Pattern, Price Takes Off! appeared first on CaptainAltcoin.

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