DOGE Price Prediction March 14: $0.16 Support, $0.25 Target?

• Dogecoin (DOGE) has a major support at the $0.16 price level and formed an ascending channel
• DOGE saw new wallet addresses soaring from 16,400 to 34,600 in the past 30 days
• If the $0.16 price level does not hold, there is a massive possibility of DOGE dropping to $0.09

Dogecoin (DOGE) is showing signs of a surge as it is now holding a critical support level within an ascending channel, sparking hopes of a potential breakout. Crypto analyst Ali Martinez points out that if this support holds, a significant rebound could be imminent. 

And it’s not just price action. The Dogecoin network itself is seeing a rise in activity, with new wallet addresses more than doubling in the past month—from 16,400 to 34,600. This surge in activity suggests more people are using the network, possibly hinting at an uptick in development activity as well.

DOGE: Testing Key Levels

Martinez stated in a post on X (formerly Twitter) that if support at $0.16 gives way, Dogecoin could fall to $0.09. But he also sees that as a potential buying opportunity. 

DOGE is currently trading at $0.1693, a 6% gain in the past 24 hours, according to CoinMarketCap data. The price dipped to a low of $0.1604 before shooting up to a high of $0.1727. 

Related: Dogecoin ETF Filing Sparks Interest, but Prices Drop Over 12%—What’s Next?

The ascending channel on the long-term chart suggests a bullish outlook – if DOGE can maintain this key support. A sustained rally could take it toward the mid-channel range near $0.25 (mid-channel resistance) or even higher levels like $0.50 (upper channel resistance) if momentum really takes off.

Dogecoin Price Analysis

The Dogecoin (DOGE) Relative Strength Index (RSI) reads 34, indicating that the asset is near the oversold territory. 

The downward slope of the line suggests waning buying pressure, and investors could see DOGE retest $0.16 support again. 

Related: Bitcoin, XRP, Dogecoin Recover as Fresh Crypto Strategic Reserve Bill Hits Congress

However, Dogecoin bounced off the support at the lower end of the Bollinger Bands ($0.1505) and is now eyeing the middle Band at $0.199. A decisive break above the middle Band would be a strong bullish signal, likely leading to a test of the resistance at the $0.24 price level (upper Band). Traders should watch these levels closely.