Analyst Says $15 Dogecoin Target Is Dead After Long-Term Channel Break
Analyst Ali Martinez says the $15 Dogecoin target he has been tracking since the token’s early days is dead, now that DOGE has broken below the long-term rising channel the whole thesis was built on.
The call undoes months of bullish setups other analysts pointed to through August, from whale accumulation to a technical buy signal that had suggested a rally back toward that same structure.
The Channel That Defined the $15 Case Just Broke
The channel in question is a rising parallel one that Martinez says has defined Dogecoin’s price action since inception. Every time the price touched its lower boundary, it marked what he calls a generational buying opportunity, pointing to gains of 9,221% in 2017 and 30,694% in 2020.
When DOGE returned to that support in February 2026, the setup pointed to the possibility of another historic run, with $15 as the projected target. Now that DOGE has broken below the boundary, Martinez says the move has removed “the technical foundation behind the $15 thesis.”
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