According to @TATrader_Alan, Dogecoin (DOGE) is moving within an upward channel on the daily chart (source: @TATrader_Alan on X, Sep 28, 2025). According to John J. Murphy, an upward channel denotes rising swing highs and lows, with the lower boundary acting as dynamic support and the upper boundary as resistance (source: John J. Murphy, Technical Analysis of the Financial Markets). According to John J. Murphy, traders commonly plan buy-the-dip entries near channel support with stops just below the line, monitor the upper boundary for either rejection or a confirmed breakout to gauge momentum continuation, and treat a daily close below channel support as pattern invalidation (source: John J. Murphy, Technical Analysis of the Financial Markets).

According to Trader Tardigrade, Dogecoin has established a new upward channel on the H4 chart, indicating a potential bullish trend and fresh trading opportunities for $DOGE. The development of this technical pattern suggests increased buying momentum and could signal a short-term price breakout if the channel holds. Traders may consider monitoring support and resistance levels within this channel to identify optimal entry and exit points. Source: Trader Tardigrade (@TATrader_Alan) on Twitter, May 3, 2025.