⬤ Dogecoin (DOGE) is keeping a solid technical setup alive with a “double bottom” pattern on its daily chart. This formation usually points to a potential reversal, meaning the meme coin might be gearing up for a bounce. The structure’s still holding strong, making it a key signal for traders to keep an eye on.
⬤ Over the last few days, Dogecoin’s been hanging around a major support zone near $0.124, showing it can handle downward pressure pretty well. The pattern’s created a clear trading range for DOGE, with resistance sitting at roughly $0.132. The fact that price keeps respecting that support suggests we might see upward movement soon—especially if it breaks through resistance.
⬤ This double bottom setup’s got traders paying close attention, watching for any momentum shift. If DOGE cracks through that $0.132 resistance, it could trigger a move to higher levels and keep the bullish vibe going. The consolidation around support strengthens the reversal case, though breaking above resistance is what’ll really confirm it.
⬤ This technical pattern matters for the broader crypto market too. A clean break above $0.132 would mark an important shift, potentially bringing in more buying pressure and renewed optimism. But if DOGE can’t push through resistance, we might see more sideways action or even a pullback. Either way, these price levels are crucial in the short term, and traders will be watching closely over the next few days to see which way DOGE moves.
Doge Price Shows Bullish Potential as $0.132 Double Bottom Pattern Remains Strong
⬤ Dogecoin (DOGE) is keeping a solid technical setup alive with a “double bottom” pattern on its daily chart. This formation usually points to a potential reversal, meaning the meme coin might be gearing up for a bounce. The structure’s still holding strong, making it a key signal for traders to keep an eye on.
⬤ Over the last few days, Dogecoin’s been hanging around a major support zone near $0.124, showing it can handle downward pressure pretty well. The pattern’s created a clear trading range for DOGE, with resistance sitting at roughly $0.132. The fact that price keeps respecting that support suggests we might see upward movement soon—especially if it breaks through resistance.
⬤ This double bottom setup’s got traders paying close attention, watching for any momentum shift. If DOGE cracks through that $0.132 resistance, it could trigger a move to higher levels and keep the bullish vibe going. The consolidation around support strengthens the reversal case, though breaking above resistance is what’ll really confirm it.
⬤ This technical pattern matters for the broader crypto market too. A clean break above $0.132 would mark an important shift, potentially bringing in more buying pressure and renewed optimism. But if DOGE can’t push through resistance, we might see more sideways action or even a pullback. Either way, these price levels are crucial in the short term, and traders will be watching closely over the next few days to see which way DOGE moves.