A crypto analyst has pointed out how Dogecoin might have to hold above $0.1020 
to avoid a retest of a Parallel Channel&#8217;s lower level. Dogecoin Could Be 
Following A Parallel Channel In a new post on X, analyst Ali Martinez has 
talked about a support region that Dogecoin is retesting right now. The region 
in question includes two lines: a simple moving average (SMA) of the daily 
spot price and the middle level of a Parallel Channel. Related Reading: 
Bitcoin Sell Pressure Rising? Binance Inflows Hit 10-Day Streak A Parallel 
Channel is a pattern from technical analysis (TA) that appears whenever an 
asset trades between two parallel trendlines. Such channels can be of a few 
different types depending upon how the trendlines are oriented with respect to 
the graph axes, but in the context of the current topic, the simplest variant 
is of interest: one that has its channel parallel to the time-axis. The upper 
level of a Parallel Channel is assumed to be a source of resistance for the 
price. Similarly, the lower level can act as a support cushion. As the price 
trades between these trendlines, it experiences a phase of true sideways 
movement. When a break occurs past either trendline, the cryptocurrency may 
experience a sustained move in that direction. That is, a surge above the 
resistance level can be a bullish sign, while a drop under support a bearish 
one. Now, here is the chart shared by Martinez that shows the Parallel Channel 
that the 1-day price of Dogecoin has potentially been trading inside over the 
last few months: As displayed in the above graph, Dogecoin retested the upper 
level of this Parallel Channel earlier in the month and found rejection. Since 
then, the memecoin has retraced back to the middle level of the channel, 
sitting halfway through the length of the channel. This line, located around 
$0.1020, could end up being a potential center of support for DOGE. 
Interestingly, the Parallel Channel&#8217;s middle level isn&#8217;t all that&#8217;s situated 
at this level. From the chart, it&#8217;s visible that the 50-day SMA of the asset&#8217;s 
spot price also intersects here. &#8220;This alignment makes $0.1020 a prime level 
to watch,&#8221; noted the analyst. Considering the setup, it now remains to be seen 
how Dogecoin&#8217;s retest of the region will play out. &#8220;If the buyers defend it, 
we can expect a rebound toward the top of the channel at $0.1156,&#8221; said 
Martinez. &#8220;However, if DOGE dips below this level to flush out late leverage, 
I&#8217;m watching the channel&#8217;s lower boundary at $0.0883.&#8221; Related Reading: 
Bitcoin Bull Run ‘Not There Yet,’ Warns CryptoQuant Founder The upper level of 
$0.1156 is currently 13% above the DOGE spot price, while the support boundary 
of $0.0883 is 13% below. DOGE Price Dogecoin has dropped to the $0.1022 mark 
following its recent price action. Featured image from Dall-E, chart from 
TradingView.com

A crypto analyst has pointed out how Dogecoin might have to hold above $0.1020 to avoid a retest of a Parallel Channel&#8217;s lower level. Dogecoin Could Be Following A Parallel Channel In a new post on X, analyst Ali Martinez has talked about a support region that Dogecoin is retesting right now. The region in &#8230;

Dogecoin Must Hold This Level To Avoid Drop To $0.088, Analyst Says

The significant outflow signals shifting investor sentiment, potentially 
impacting Bitcoin&#8217;s price stability and future growth prospects.
The post Bitcoin sees largest weekly outflow of 2026 with $1.4B from digital 
asset funds appeared first on Crypto Briefing.

The significant outflow signals shifting investor sentiment, potentially impacting Bitcoin&#8217;s price stability and future growth prospects. The post Bitcoin sees largest weekly outflow of 2026 with $1.4B from digital asset funds appeared first on Crypto Briefing.

Bitcoin sees largest weekly outflow of 2026 with $1.4B from digital asset funds

Solana price has slipped back toward $84 after a failed rebound near $86, as 
bearish weekly momentum and growing downside liquidity have kept traders 
focused on whether SOL could break below the key $80 support level. Solana 
(SOL) traded near…

Solana price has slipped back toward $84 after a failed rebound near $86, as bearish weekly momentum and growing downside liquidity have kept traders focused on whether SOL could break below the key $80 support level. Solana (SOL) traded near…

Will Solana price drop below $80 as bearish crossover forms?

The stablecoin market&#8217;s growth challenges traditional financial systems, 
influencing global liquidity and increasing reliance on US Treasuries.
The post Stablecoin market reaches record $322B, surpassing the FX reserves of 
95 countries appeared first on Crypto Briefing.

The stablecoin market&#8217;s growth challenges traditional financial systems, influencing global liquidity and increasing reliance on US Treasuries. The post Stablecoin market reaches record $322B, surpassing the FX reserves of 95 countries appeared first on Crypto Briefing.

Stablecoin market reaches record $322B, surpassing the FX reserves of 95 countries

Algorithm-generated proofs could revolutionize mathematical research, 
challenging traditional peer-review processes and academic validation norms.
The post Math AI startup Axiom Math gets algorithm-generated proofs into peer- 
reviewed journals appeared first on Crypto Briefing.

Algorithm-generated proofs could revolutionize mathematical research, challenging traditional peer-review processes and academic validation norms. The post Math AI startup Axiom Math gets algorithm-generated proofs into peer- reviewed journals appeared first on Crypto Briefing.

Math AI startup Axiom Math gets algorithm-generated proofs into peer-reviewed journals

ByteDance&#8217;s aggressive retention strategy highlights the intensifying 
competition for AI talent, impacting global tech industry dynamics.
The post ByteDance offers special stock incentives to AI team to reduce 
poaching appeared first on Crypto Briefing.

ByteDance&#8217;s aggressive retention strategy highlights the intensifying competition for AI talent, impacting global tech industry dynamics. The post ByteDance offers special stock incentives to AI team to reduce poaching appeared first on Crypto Briefing.

Dogecoin Must Hold This Level To Avoid Drop To $0.088, Analyst Says

Comments