Dogecoin (DOGE) is trading around $0.249, pressing against the upper end of a six-week range between $0.22 and $0.25. Technical indicators now hint at a potential rally, with the meme coin attracting renewed attention from investors.

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The 20-day EMA near $0.225, alongside the 50-day, 100-day, and 200-day averages clustered below $0.220, highlight a strong support zone. With the RSI at 60–61, DOGE shows steady buying momentum without being overbought.

Similarly, the MACD histogram has turned positive, signaling a resurgence in bullish sentiment following muted August trading.

Resistance at $0.25 Could Unlock Higher Targets

Dogecoin’s short-term trajectory hinges on whether it can close above $0.246–$0.250, a level where both resistance and Bollinger Bands converge. A confirmed breakout may clear the path toward $0.263, $0.273–$0.276, and the July high of $0.300.

Support sits at $0.238–$0.240, with deeper levels near $0.233–$0.231 and the 20-day EMA at $0.225. Any drop below the 100/200-day cluster around $0.214–$0.213 would weaken the bullish setup.

Market analysts also note Dogecoin’s parallel channel pattern, with resistance near $0.29. A breakout here could potentially extend gains beyond $0.3 to as far as $0.50, based on the measured width of the channel.

DOGE's price trends to the upside on the daily chart. Source: DOGEUSD on Tradingview

ETF Buzz and Whale Activity Add Fuel

Beyond technicals, fundamentals are helping fuel optimism. Grayscale recently filed for a U.S. Dogecoin ETF, while the REX-Osprey Dogecoin ETF officially launched on September 11. These developments underscore rising institutional interest in meme coins, a trend once considered unlikely.

Meanwhile, whale activity has picked up, with over 10 million DOGE withdrawn from exchanges. Such moves reduce market supply and are typically interpreted as long-term accumulation.

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With institutional products entering the market and on-chain metrics improving, the bullish narrative around Dogecoin is strengthening. A decisive move above $0.25 could set the stage for a rally toward $0.30, and possibly higher if momentum carries through.

Cover image from ChatGPT, DOGEUSD chart from Tradingview

Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

About Author

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis…

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Last updated: 

June 29, 2025

During the US session on Sunday, Ethereum (ETH) is looking strong at $2,457, up 1.27% on the day. This is in line with the growing chatter that ETH could reach $10,000 in this cycle, as it has been stuck in a multi-year channel since 2017.

Crypto analyst Ted Pillows highlights the significance of Ethereum’s long-term rising trend. Historical touchpoints along the lower band of this channel have triggered massive rallies, with increases of up to 300x in 2017 and 50x in 2020. While such extreme multiples are less likely now due to ETH’s $292 billion market cap, Pillows believes a climb toward $10,000 remains plausible.

However, technical resistance must first be overcome. ETH was twice rejected near $2,600 in June. Analysts like Crypto Patel signal a clean break, and a close over $2,800 would confirm a bullish shift, potentially targeting $4,000 and beyond.

Whale Activity and Withdrawals Reflect Long-Term Belief

On-chain data supports the bullish thesis. Whale wallets and institutions are steadily accumulating ETH, even as price action remains range-bound. Lookonchain reports SharpLink Gaming acquired $4.82 million worth of ETH OTC, raising its total exposure to $478 million.

Additional signs of confidence:

• $4.56M deposited into Ethereum’s Beacon Chain, likely for staking
• $293M withdrawn from exchanges—suggesting a move to cold wallets
• Low volatility accompanied by high-value transfers

These patterns suggest whales are preparing for future appreciation rather than trading short-term moves.

Network Growth vs Market Price: Disconnect or Opportunity?

Ethereum’s network activity is surging. Daily transactions have topped 1.5 million, and active addresses exceed 356,000—the highest levels since early 2023. Gas fees have jumped 130% in a week, reaching $10.26M, indicating increased demand for DeFi and NFT platforms.

Despite this, ETH’s price lags. Key valuation indicators reflect caution:

• NVT Ratio spiked to 2044—implying price may be ahead of usage
• MVRV Z-score dipped into negative territory, suggesting holders are underwater

This disconnect between price and fundamentals could be a hidden buying opportunity—or a sign of excessive hype.

Bitcoin Final Take: Breakout Depends on Key Levels

Although the Ethereum price prediction remains bullish, is it really heading toward $10,000? Well, that depends on:

• Break above $2,800 to confirm the trend
• Whale interest and staking flows to stick
• Network usage to translate into price gains

If ETH maintains its support around $2,400 and Bitcoin’s dominance stabilizes, Ethereum may follow with a breakout. Analysts at XForceGlobal expect a Wyckoff-style move toward $9,400 if momentum builds.

For now, ETH’s bullish trajectory is intact—but upside depends on reclaiming key resistance levels and validating long-term investor conviction through sustained volume and accumulation.

Bitcoin Hyper Presale Surges Past $1.74M as Price Rise Nears

Bitcoin Hyper ($HYPER), the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), has surpassed $1.74 million in its public presale, with $1,748,091.98 raised out of a $1,974,249 target. The token is priced at $0.012075, with the next price tier expected within hours.

Designed to merge Bitcoin’s security with Solana’s speed, Bitcoin Hyper enables fast, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project is audited by Consult and engineered for scalability, trust, and simplicity.

The golden cross of meme appeal and real utility has made Bitcoin Hyper a Layer 2 contender to watch in 2025. With staking, a streamlined presale, and full rollout expected by Q1, $HYPER is gaining serious traction.

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Dogecoin’s recent price movement has been characterized by a prolonged downtrend from $0.25 since late May. For most of the last seven days, Dogecoin hovered just above the $0.18 mark, unable to generate any meaningful upward movement. However, within the last 24 hours, the price dipped below this level, momentarily breaching support before rebounding off the $0.17 zone.

The $0.17 price point is significant for Dogecoin, as it serves as a daily support level within a descending channel that has been suppressing the meme coin’s price action since December 2024.

Channel Suppressing Dogecoin Price, But Not For Long

According to crypto analyst MMBTrader, Dogecoin’s price action has been confined to a descending channel that has consistently limited every upward attempt since the start of the year. The resistance along the upper boundary of this channel has repeatedly rejected Dogecoin’s rally attempts, forcing it back into a lower high each time. However, the analyst believes this pattern may be nearing its end. 

The chart shared by MMBTrader shows Dogecoin is now on the path to testing the upper resistance of the descending channel once again. If the memecoin succeeds in breaking this pattern this time, it could trigger a heavy pump toward higher price levels. However, the current price action indicates that Dogecoin must first hold above the support level around $0.17. 

Away from this support level, Dogecoin also needs to break above the immediate resistance at $0.205 with enough conviction. Beyond that, a push towards $0.23 will be enough to break above this descending channel.

Upside Targets Stretch Toward $0.3 And Beyond

The chart above shows a speculative trajectory outlined in green. This trajectory illustrates a breakout above $0.205 and $0.23, followed by a march toward the support-turned-resistance level of $0.3. However, the breakout scenario hinges on Dogecoin clearing both the channel resistance and holding above the significant support at $0.17. 

The current setup indicates that a successful breakout above the descending channel could signal the beginning of an intense momentum wave. If this breakout is successful, the analyst points toward bullish long-term targets of $0.75 and $1, should the price manage to close firmly above the $0.40 zone. 

In the meantime, Dogecoin’s journey to new all-time highs looks very weak. At the time of writing, Dogecoin is trading at $0.1852, up by 5.2% in the past 24 hours. Trading volume is approximately $1.01 billion, representing a 50% reduction within the same timeframe. This divergence between price recovery and volume contraction indicates that buying conviction is still weak.

Even so, Dogecoin’s support around $0.17 continues to hold firm. As long as Dogecoin is trading above this price level, a break above the descending channel is still in play.

Featured image from Unsplash, chart from TradingView

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Crypto-analyst Egrag Crypto We predicted a potentially imminent macro channel breakout for XRP. Analysts have shown that if this breakout is unfolded as expected, Altcoin can reach double digits.

XRP Price Eyes are concentrated at $55 with potential macro channel breakouts

in xPostEgrag Crypto said it increased the likelihood of a macro channel breakout for XRP prices, and that measured moves point to a potential high of $55. He said he was looking at a $27 goal, but he showed it. Altcoin It appears to have reached $55, so this move could surpass this price level.

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This super-fad prediction was born, as analysts revealed. XRP Price It is currently in candle number 5. He said that if history is a guide, market participants should be looking at the monthly candles. If XRP follows the same pattern, analysts have confirmed that the $17 goal is definitely working.

In another X-post, Egrag Crypto once again predicted that XRP prices could reach at least $27 in this market cycle. He said he is increasingly confident that XRP is mirroring. 2017 Bull Run,Timing may be delayed or accelerated. Analysts predicted that Altcoin will reach double digits by the end of Wave 3 this summer.

Meanwhile, he believes Wave 4 will unfold over the next three years and the bear market will continue after that, and then XRP will price in triple digits on the next bull run. Egrag Crypto is confident that XRP can reach $120 when that time comes. In the meantime, XRP is still fighting to surpass key resistance levels.

Bull pennants formed on weekly charts

In X’s post, Crypto analyst XRPunkie Bull Pennant It was formed on the weekly chart at XRP prices. He said this bullish pattern is ready for a breakout when XRP completes its final pullback between $1.80 and $2. Analysts added that the bull pennant’s technical target is between $13 and $14. Xrpunkie warned that there would be more pullbacks along the way for $14, so investors advised to try and secure profits.

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Crypto-analyst Ali Martinez This indicates that the short-term XRP price target is between $2.70 and $2.90. In an X’s post, he said that Altcoin appears to be breaking out of the reverse head and shoulder pattern with potential upward targets for these price levels.

At the time of writing, the XRP price is trading for around $2.2. data From CoinMarketCap.

Featured images of Pexels, charts on tradingView.com

I know that I can announce a channel between the two peers or do it without notice. However, even if the channel is public, the channel balance has not been revealed. As far as I know, this is a concern about the efficiency of routing in Lightning networks.

Why can’t peers opt out of this privacy constraint (along with other peers’ agreements) and reveal the balance between improving routing and network efficiency? Clearing channel balance reduces privacy, but connected peers can benefit financially from doing so.

For example, large LN nodes belonging to the exchange are very likely to agree to this. They are already well known, so they earn more economic benefits and have little privacy concerns. If they don’t care about privacy, this is a win-win situation.

Basically, we sell your information to make more money.

Solana is caught in a period of continued bearish performance due to the notable decline in the broader crypto market, with its price plummeting by nearly 23% in the past week. After this robust downward move over the past few days, the altcoin might be set for a price recovery as promising trends unfold on SOL’s chart.

Gaussian Channel Pattern Provides Strong Support For Solana

Optimism blooms again as Solana displays potential for an upside momentum following a heightened volatile period. Crypto expert and investor Trader Tardigrade identify an encouraging trend on SOL’s chart, with a bullish pattern providing strong support for the price.

SOL, which has experienced substantial selling pressure, is currently trading close to crucial technical areas that could alter its price trajectory. Trader Tardigrade highlighted that SOL had formed a Gaussian Channel pattern on the weekly time frame, which signals growing momentum.

It is worth noting that the mid-band of the Gaussian Channel formation is providing support for Solana. At this point, the crypto expert highlighted that the altcoin‘s downward trend is expected to slow down or witness a price reversal.

However, whether Solana can overcome key resistance levels and move higher again will also depend on continued momentum and strong buying demand. Meanwhile, certain developments such as meme coins fatigue and the massive $1.7 billion SOL token unlock this weekend present robust bearish pressure for the asset.

While these developments may hint at impending bearish pressure, Trader Tardigrade remains optimistic about SOL’s long-term performance. The expert’s bullish sentiment is backed by the Solana ecosystem’s persistent growth and recovery from supply disruptions in the past.

Given the present volatility in SOL’s price, on-chain metrics reveal that investors seem to be in a state of fear. This shift in investors’ sentiment is evidenced by a sharp reduction in large SOL investors, commonly regarded as whale holders.

Seasoned technical analyst and trader Ali Martinez reported a decline in wallet addresses holding more than 10,000 SOL in the past month. The drop raises concerns about whether these large investors are repositioning or taking profits as they await possible price rebounds. Such weak investors’ sentiment puts SOL’s price at risk of witnessing an extension of its downward movements to lower levels.

SOL Transfer Volume Sees Significant Drop

Investors’ waning confidence and interest are also reflected by a sharp decline in SOL transfer volume, indicating reduced network activity. A decrease in transfer volume implies a lower demand for transactions on the Solana blockchain.

Data from Ali Martinez shows that SOL transfer volume has fallen from a whopping $1.99 billion to a mere $14.57 million. This sharp decline took place in the space of 3 months, particularly since November last year. As the altcoin holds key support levels, this development questions the sustainability of its position above these zones.

Featured image from Adobe Stock, chart from Tradingview.com

Dogecoin‘s persistent bearish performance might be coming to an end shortly as the meme coin appears to have formed a bullish chart pattern, capable of igniting upward momentum. With price movements eyeing a bounce toward the upside, crypto analysts anticipate an upsurge for DOGE to new highs.

A Major Breakout Brewing For Dogecoin

Dogecoin’s recent price action has shown promising signs of a potential major growth. Trader Tardigrade, a market expert and investor highlighted that DOGE is gaining traction as it maintains a move within a defined chart pattern, setting itself up for a potential breakthrough into a new all-time high.

Specifically, Dogecoin has been moving along a Parallel Channel formation, sometimes with overshoot and without. The parallel channel is usually known for its robust bullish moves for DOGE with increasing buying interest from investors.

As seen in the monthly chart, this key pattern has historically triggered a major surge for the meme coin, leading to a new all-time high and a market top. Should the trend continue, Dogecoin may be poised for a substantial surge, attracting the interest of both retail traders and long-term investors.

In the ongoing cycle, the next move up in DOGE’s price is playing out similarly to the 2017 market cycle, where the price touched the channel lines. Meanwhile, the bull market in 2021 and the bear market in 2019 surpassed the channel lines on the upside and the downside.

With the pattern pointing to a rally to a new all-time high in the coming months, Trader Tardigrade has placed the next possible target for DOGE around the $3.69 price level. Considering past scenarios, the $3.69 mark could turn out to be its market top for this cycle or little about the level.

DOGE’s Bear Market To Begin Within The Year

While Dogecoin gears up for a substantial rally to new highs, its bull run is likely to end in the upcoming months, which will cause the beginning of its bear phase. Market expert Chandler delved into DOGE’s recent price action and has pinpointed the potential timeline for the meme coin to enter its bear market phase.

Chandler also revealed his strategy to engage DOGE’s price movement in the following months. The expert intends to hold his position until at least the Fibonacci time zone at 0.236, particularly till March 24. 

According to Chandler, historical trends show that after a week or two of crossing the 0.236 Fibonacci level, it is the ideal time to sell DOGE and exit the market. After this level, the next Fibonacci point to watch is around 0.382. Once DOGE enters this area around October 20, the expert expects the bear market phase to begin.

Presently, DOGE was trading at $0.250, demonstrating a nearly 3% decrease in the last 24 hours. Investors seem to be capitalizing on the recent descent as its trading volume has surged by more than 52% in the past day, indicating growing confidence in the meme coin.

Featured image from Unsplash, chart from Tradingview.com

After a relatively solid performance in January — which saw the altcoin reach $290, SOL started February with a deep correction beneath the $200 level. However, the Solana price could be on its way to a new all-time high, as it continues to trade within an ascending channel on a larger timeframe.

Here’s How SOL Price Could Climb To New All-Time High

In a February 8 post on the X platform, popular crypto analyst Ali Martinez has painted a fresh bullish outlook for the Solana price over the next few weeks. According to the trader, the price of SOL could experience a significant rally beyond its current record high and towards $387.

The reasoning behind this bullish forecast is the formation of an ascending channel pattern on the Solana chart on the daily timeframe. An ascending channel is a technical analysis pattern composed of two major (upward-sloping) trendlines; the upper line connecting the swing highs and the lower line connecting the swing lows.

Typically, the asset’s price remains within the ascending channel; with the upper boundary line often serving as a resistance area and the lower trendline serving as a support zone. Investors can trade as price swings between the pattern’s support and resistance levels or enter a position following a breakout or breakdown.

Source: Ali_charts/X

According to the crypto analyst, this support level of around $195 could act as a springboard for the Solana price rally to a new all-time high. Martinez put forward in his analysis a target of $387, which would represent an over 91% rally from the current price point.

Solana Price At A Glance

As of this writing, the price of SOL has recovered above the $200 mark, reflecting a more than 4% increase in the past 24 hours.

The price of SOL reclaims the $200 level on the daily timeframe | Source: SOLUSDT chart on TradingView

Trendline channel patterns are a staple in technical analysis, helping traders to identify potential trade opportunities by charting trends within defined boundaries. These channels provide insight into market trends, offering strategic entry and exit points for traders. In this guide, we’ll explore how to identify, trade, and optimize the trendline channel pattern to improve your trading strategy.

By the end of this guide, you’ll have a solid understanding of how to trade channel patterns, recognize different types, and implement practical techniques to maximize your trading success.

What is a Trendline Channel?

Defining the Trendline Channel

A trendline channel pattern is formed by two parallel trendlines that encapsulate price movement within a market. These lines represent support and resistance levels, which mark the highs and lows that price consistently respects over a given period.

• The lower trendline acts as support, indicating a price level where buying pressure tends to prevent further declines.

• The upper trendline functions as resistance, marking a price ceiling where selling pressure typically prevents further gains.

For a channel to be valid, the price must touch each line at least twice, creating a visually discernible pattern. The parallel nature of these lines helps traders to predict future price movements and identify potential trading opportunities.

Types of Trendline Channels

Trendline channels can be categorized into three main types:

Ascending Channel (Bullish Pattern):

In an ascending channel, the price moves upwards within the channel, indicating a bullish trend. Both the support and resistance lines slope upwards. Traders often look for buying opportunities at the lower boundary (support) and take profits near the upper boundary (resistance).

Descending Channel (Bearish Pattern):

A descending channel reflects a bearish trend, where the price moves downward. Both support and resistance lines slope downwards. Traders can profit by selling near the upper boundary (resistance) and buying back near the lower boundary (support).

Horizontal Channel (Neutral Pattern):

In a horizontal channel, price moves sideways, with neither an upward nor downward bias. Both support and resistance lines are flat, representing a neutral market. Traders often buy at the lower boundary and sell at the upper boundary, capitalizing on the oscillation within the range.

You may also refer to sideways channels to double tops, or triple tops.

How to Identify a Trendline Channel

Drawing the Trendlines

To successfully trade a trendline channel pattern, the first step is accurately drawing the trendlines that mark the channel. Here’s a step-by-step guide:

Identify Swing Highs and Lows:

Start by spotting the key swing highs (peaks) and swing lows (troughs) on your chart. These are critical points where the price reverses direction.

Connect the Lows and Highs:

Draw a line connecting at least two consecutive lows to create the support line, and another connecting at least two highs to form the resistance line. Ensure both lines are parallel, forming the channel.

It is ok if trendlines cut through candlestick wicks and even through candlestick bodies at times. However, you do not want to see that the price is able to trade outside of the trendline for too long – when the price is reversing back into the channel quickly, it can be considered a valid trendline and channel. We will talk about trendline fakeouts later.

Tips for Valid Touchpoints

To confirm the validity of your trendline channel, look for multiple touchpoints—price should hit the support and resistance lines at least twice, creating a consistent pattern. The more touchpoints, the stronger the channel’s reliability.

Recognizing Valid Channels

To avoid trading false channels, follow these rules for confirmation:

1. Minimum Touches:

   A valid trendline channel should have at least two touches on both the support and resistance lines.

2. Consistent Price Movement:

   The price should consistently move between the two lines, respecting the boundaries with limited false breaks.

3. Timeframes:

   Channels can form on various timeframes, from intraday to weekly charts. For short-term traders, daily or 4-hour charts work well, while long-term traders may prefer weekly or monthly charts to confirm broader trends.

How to Trade a Trendline Channel

Entry Strategies for Trendline Channels

Once you’ve identified a valid channel, the next step is to plan your entry points. Here are two common strategies:

Buying at Support, Selling at Resistance

The most straightforward approach is to buy when the price hits the lower trendline (support) and sell when it reaches the upper trendline (resistance).

You can also choose to only trade bullish signals at the support trendline within an upward channel – filtering out bearish signals against the ongoing trend. And vice versa.

Trading the Mid-Line

The midline of a trendline channel also carries some importance – especially on higher timeframe channels that are wide. The price will often bounce at the mid-line, providing further support and resistance levels. Those levels can be great confluence levels on lower timeframes.

Trendline Channel Breakout Strategy

Trendline channels don’t last forever, and eventually, the price may break out of the channel. Here’s how to approach these scenarios:

Trading the Breakout:

When the price breaks through either the support or resistance line, it signals the potential start of a new trend. Traders can enter the market after a breakout confirmation or wait for a retest of the broken level before entering.

Trading Channel Fakeouts

As mentioned channel fakeouts are common and, therefore, many traders choose to follow a fakeout strategy. For this, the trader is ignoring the breakout signal and, instead, wait for the price to move back into the channel. Ideally, you the move back into the channel should occur with high momentum (large candlesticks) to signal the strong fakeout force.

Stop Loss and Take Profit Placements

Effective risk management is essential when trading trendline channels. Here’s how to set stop losses and take profits:

Stop Loss Placement

Set your stop loss slightly outside the trendline—below the lower boundary (support) for long trades and above the upper boundary (resistance) for short trades. This reduces the risk of being stopped out by market noise or false breakouts.

Take Profit Levels

Calculate your take profit based on the channel width. If the channel is 100 pips wide, aim to take profit near that level from your entry. Using the width of the channel helps ensure that your risk-to-reward ratio remains favorable.

Other target approaches can include a fixed Reward:Risk ratio. For that, you set your stop loss as explained above and then take a multiple of the stop loss distance as your take profit level. If your stop loss is 50 pips away from your entry, your take profit is set at 100 points, providing a 2:1 Reward:Risk ratio.

Final Tips for Trading the Trendline Channel Successfully

Practice in a Demo Account

Before jumping into live trading, it’s crucial to test your channel trading strategy in a demo account. Trading on a demo account is also great for practicing and improving your pattern recognition without the pressure of real money trading.

Continuously Refine Your Strategy

Trading is a dynamic process, and strategies that work today might need adjustments in the future. Keeping a trading journal can help you track your trades, evaluate your performance, and refine your strategy over time. Regularly reviewing your trading data will help you identify areas for improvement and keep you on the path to success.

Frequently Asked Questions (FAQs)

Q1: What is the best timeframe for trading trendline channels?
The ideal timeframe depends on your trading style. Day traders may prefer 15-minute to 1-hour charts, while swing traders often use 4-hour or daily charts. Longer-term traders might opt for weekly or monthly charts to capture broader trends.

Q2: How do you know if a trendline channel is valid?
A valid trendline channel requires at least two touches on both the support and resistance lines, along with consistent price movement between them. A higher number of touches typically increases the reliability of the channel.

Q3: Can you use trendline channels in conjunction with other patterns?
Yes, trendline channels can be combined with other chart patterns, such as triangles, flags, or head and shoulders, to create more robust trading setups.

Q4: Is it possible to trade channels in volatile markets?
While more challenging, channel trading is possible in volatile markets. However, you must be cautious of false breakouts and wider price swings, which can make risk management trickier.

Conclusion

Mastering the trendline channel pattern can significantly enhance your trading strategy. Whether you’re trading in a bullish, bearish, or neutral market, these channels provide clear entry and exit points, helping you capitalize on price movements. Remember to practice in a demo account, continuously refine your strategy, and employ strong risk management techniques to increase your chances of success.