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BTC 
DOGE Analyst: The US$15 Dogecoin target is dead, and the long-term channel is broken.
Analyst Ali Martinez said that the US$15 price target he has been tracking since the early days of Dogecoin is now invalid because DOGE has fallen below the long-term upward channel that supports this argument. That judgment negates many of the bullish signals pointed out by other analysts in August-from whale hoarding to technical buy signals that had suggested prices would rebound to the same structure.
The channel supporting the US$15 target has just been broken
The channel referred to here is a rising parallel channel that Martinez claims has dominated price movements since the birth of Dogecoin. Whenever prices hit the bottom of the channel, it marked a so-called "intergenerational buying opportunity" and spawned an increase of 9221% in 2017 and 30694% in 2020. When DOGE returns to this support level again in February 2026, the market expects another historic rise, with a target of $15. Now that DOGE has fallen below that boundary, Martinez said the trend "removes the technical basis of the $15 argument."
As of press time, the trading price of this original memin was approximately US$0.0806, down about 6.6% during the week and 3% during the day, slightly below the key support level of US$0.0813 pointed out by many analysts earlier this month. Compared with Bitcoin, the token was almost flat, falling only about 0.5%, so DOGE did not lag behind the broader market correction, but lost its key level on its own chart. It is still 89% below the all-time high of $0.7316 set in May 2021.
How bullish sentiment accumulates in August
Bullishness has been going on for weeks. On August 15, Martinez pointed out that the monthly TD Sequential buy signal appeared at the same time as the inverted hammer pattern and the forming cross star candle, and he compared this combination to the pattern that triggered a 145% monthly rebound in August 2022. He also pointed out that Whale Wallet increased its holdings of more than 430 million DOGE units that week. The memo coin fell below US$0.07 a few days ago, the lowest level in nearly three years, and the number of active addresses rose to 44,000 from 38,000 in July. Other analysts, including Crypto Patel, have marked the range of $0.07 to $0.10 as a long-term accumulation area.
By late August, DOGE surged 30% in a week to nearly $0.09, breaking the market's focused resistance level of $0.0813. More aggressive traders went one step further, with MikybullCrypto calling out a $3 target and Vuori Trading predicting $10-a target that would require the market value of Dogecoin to exceed $1.5 trillion. However, that rally has since subsided and DOGE has fallen back below the same resistance level it broke through a few weeks ago.
