Ali Martinez said Dogecoin’s $15 price thesis was no longer valid after DOGE broke below the lower boundary of a rising parallel channel that he has tracked since the token’s early days. Martinez linked prior tests of that support to gains of 9,221% in 2017 and 30,694% in 2020, while DOGE’s return to the level in February 2026 had supported expectations for another major rally. DOGE was trading around $0.0806, down about 6.6% for the week and 3% on the day, and remained 89% below its May 2021 all-time high of $0.7316. The breakdown followed a bullish case that included a monthly TD Sequential buy signal, an inverted hammer, a developing doji and whale purchases of more than 430 million DOGE. DOGE had rallied about 30% in one week by late August after falling below $0.07, but later slipped back under the $0.0813 level that traders had monitored as support. Other analysts cited targets ranging from $3 to $10, although the $10 projection would imply a market capitalization above $1.5 trillion.