Despite a fluctuating market, Dogecoin (DOGE) is showing bullish signs and could be heading for a significant price breakout, according to crypto analyst Ali Martinez. After a strong weekly gain of over 12%, analysts are eyeing a potential rally to a price point not seen this year.
The key level to watch is $0.36. On-chain data from Glassnode indicates that a large portion of the circulating supply (over 5.23 billion DOGE) was acquired at this price. This makes $0.36 a critical resistance point, as many of these holders may sell their tokens to avoid losses if the price reaches this level. A successful push and sustained trading above this mark is seen as the catalyst for a more substantial rally.
Should DOGE break past the $0.362 resistance, the next major price target is $0.70, as there is no significant on-chain resistance between these two levels. Clearing the $0.70 mark would then put Dogecoin within reach of its all-time high of $0.7376, set in May 2021. However, some market commentators are questioning whether the current momentum is strong enough to overcome the selling pressure at the $0.36 level.
August 2025, Cryptoniteuae
