$DOGE /USDT TECHNICAL ANALYSIS (4H): ATTEMPTING A TREND REVERSAL AFTER DOUBLE-BOTTOM FORMATION
Dogecoin is trading at $0.17924, posting a +2.50% gain over the last 24 hours. On the 4-hour chart, DOGE has bounced from the recent low of $0.16800, showing signs of forming a potential double bottom pattern — a classic bullish reversal signal.
📊 Key Technical Levels:
24H High: $0.17964 – Immediate resistance
24H Low: $0.17142 – Local support
Chart Support Base: $0.16800
Resistance Levels: $0.18300 and $0.20170
Volume: 799.39M DOGE / 141.04M USDT
Market Outlook:
A confirmed breakout above $0.18300 could initiate a strong move toward $0.20100 – $0.22000. However, if the price fails to maintain above $0.17500, it may retest $0.16800 support.
Conclusion:
DOGE is showing early signs of recovery after a prolonged downtrend. If buyers maintain pressure, this could be the beginning of a short-term bullish wave — ideal for momentum and swing traders watching meme coin sentiment.
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