Dogecoin (DOGE) has formed a double bottom pattern and recently broke through a lower time frame trendline, suggesting a possible rise to $0.25. Currently trading around $0.17, DOGE has shown resilience despite fluctuating between $0.13 and $0.25 since February, maintaining its position as the 7th most traded cryptocurrency by 24-hour volume. The daily chart indicates a support level at $0.15, hinting at a potential climb to $0.25 sooner than anticipated. Over the past two months, DOGE has been in a descending channel, signaling a possible breakout. Analyst Trader Tardigrade noted a significant move above the 50-day trendline, indicating a trend reversal. Onchain data shows the largest holder cluster at $0.177, with a strong close above this level paving the way to resistance at $0.206 and potentially $0.36. Despite recent losses among holders, the memecoin sector has outperformed the broader market, suggesting DOGE may still have upside potential, especially if it breaks above $0.25 by late 2025. Read more AI-generated news on: https://app.chaingpt.org/news

#DOGE