Dogecoin (DOGE) Eyes $0.33 Rally But Only If Key Level Holds

Crypto analyst Ali Martinez has urged Dogecoin traders to keep a close eye on a key support level this week, tweeting that “Dogecoin $DOGE must defend $0.18. Hold it, and the path to $0.25 or $0.33 opens up.” The call comes as the meme token bounces around a technical channel many traders have watched since midsummer, with Martinez’s chart mapping a clear line between the recent bottoms and the next resistance levels. The same chart, widely shared across social feeds, sketches a potential short-term recovery that hinges on $0.18 acting as a firm floor.

Those watching price action will find reason to treat Martinez’s line in the sand seriously: Dogecoin was trading in the ballpark of $0.19 at the time of reporting, flirting with the $0.18–$0.20 range that has held up as short-term support through several pullbacks. The urgency behind the $0.18 warning is not just technical; on-chain and market-flow data show meaningful selling pressure in recent weeks.

During the mid-October volatility, Dogecoin briefly slid to about $0.176 before stabilizing in the $0.18–$0.19 corridor, and large liquidations and concentrated holder activity helped drive the hit. Experts flagged on-chain movements of large holders around the same time, with roughly $74 million worth of DOGE changing hands during a whale-led selloff that amplified the dip. Those flows help explain why traders are nervous about losing $0.18: below that, liquidity and stop clusters could accelerate downside.

If $0.18 holds, Martinez’s scenario is straightforward: the market could retrace up to the mid-channel area near $0.25, and with stronger momentum, potentially push toward $0.33. That path isn’t a guarantee; it depends on renewed buying pressure, volume confirmation, and broader crypto market tone, but the technical road map is a familiar one for range-bound assets.

What to Expect From Dogecoin

Analysts who have picked apart the same chart point to historical buying bands and previous resistance flips as the likely catalysts that would give the move credibility. Fundamental developments have been giving DOGE a steadier narrative backdrop this year. The token’s institutional visibility has risen, too.

In September, a Dogecoin-focused ETF (DOJE) launched , bringing another regulated vehicle for investors to access DOGE and raising the token’s profile among portfolio managers. There have also been product-level moves and renewed celebrity interest at intervals, and those headlines can amplify technical breakouts or speed reversals when markets are thin.

Still, market veterans warn that memecoin rallies can be fast and fragile; catalysts often attract speculative flows that evaporate just as quickly when sentiment shifts. For traders and holders, the near-term script is simple: $0.18 is the line to watch. A clean hold there would validate Martinez’s optimistic path and make $0.25 the first realistic target; a daily close under that level would put the lower end of the channel back in play and likely extend the correction. Volume, whale behavior and macro crypto flows will likely decide which of those outcomes plays out.