After watching the parallel channel in Ali Charts for three years, this time we really need to hold the lower edge—can the 2021 playbook be repeated again? A rounded-bottom sounds great, but MCO Global’s downside warning can’t be ignored either. Keep a hand in both long and short positions.

CryptoNews reports that Dogecoin is currently close to a key support level. Some analysts predict a rebound, while others believe market pressure still remains. Ali Charts notes that the price is at the lower edge of a parallel channel that has persisted since 2021, and they are watching whether buyers can hold above this support; if it holds, it will lay the groundwork for a subsequent larger rally. A MCO Global analyst said that DOGE has reached the next structural support at around $0.08, and the market may still be in a downtrend. Another analyst, Kamran Asghar, believes that the short-term downward trend may weaken, and that DOGE is forming a large rounded bottom pattern, which may indicate a trend reversal.