The upward trend proposed by Dogecoin is still normal, as a renowned analyst emphasized the crucial level at which assets must be held in order to reach $10.

The proposed upward trend for dogs is still on track, as a renowned analyst emphasized the crucial level that assets must possess in order to reach higher heights.

Dog Moon Talk continues to pour in long-term bullish sentiment and historic cyclical performance. Recently, experienced market analyst Ali Martinez suggested that the price of meme coins rise to double digits.

However, this renowned market analyst shared the crucial price level that Dogecoin needs to hold on to. In his recent analysis, he also emphasized that the price action of assets depends on their response at the level of manufacturing or destruction.

Dogecoin approaches key price levels

After a strong rebound on Monday, the largest meme coin experienced three consecutive declines in market value. The merger has seen Dogecoin correct by 6% and pull back its month to 23%.

In this performance, Martinez speculates that the price tag of $0.19 is a crucial support level that Dogecoin should avoid lowering.

The accompanying chart shows that the crucial level is located at the lower boundary of its multi-year ascending channel, and the price structure is a composite since 2014. Coin's ecosystem will restore parabolic conferences to $10.

Dogecoin's price level after reaction

Nevertheless, Martinez emphasized the level of Dogecoin, which depends on its price actions near key levels. According to the accompanying chart, Dogecoin may surge to unprecedented highs or yield to deeper lows.

If the level is maintained, Dogecoin will expand to the tip of the upgrade channel of $10.04 with a fibonacci of 1.414. Meanwhile, meme coins may further surge to 1.618 FIB. The level is $36.32.

Other Dogecoin up to $10 analysis

Meanwhile, Martinez is not the only commentator, predicting prices to exceed 3900% to $10. Analyst Dima James Potts expects meme coins to feature historic cyclical price movements this year.

In addition, X's AI chatbot Grok suggests that the price of that Dogecoin may reach $10, but over a longer time frame. Interactive tools predict ambitious price levels by 2040.

Meanwhile, Dogecoin's trading price is $0.2486, almost unchanged from the previous day.