It seems that the $DOGE
Undergoing a quiet accumulation phase, with a technical setup that may soon shift market sentiment. As highlighted by Crypto Man MAB, a double bottom pattern is forming on the weekly chart - a structure often associated with strong trend reversals.
The structure aligns with sentiment: is $DOGE ready for a comeback?
According to Crypto Man MAB in a recent post on X, it seems that the $DOGE is paving the way for a potential bullish move, with a classic double bottom pattern forming on the weekly chart. This pattern, often seen as a signal for a bullish reversal, has caught the attention of traders who are closely watching for confirmation. The current chart structure indicates that Dogecoin may be preparing for a significant directional shift, provided the conditions align in favor of the bulls.
At the heart of this formation lies the key support level at $0.142, which Crypto Man MAB emphasized as critical for the potential breakout. Bulls previously tested this level and held it in April 2025, demonstrating its strength as a defensive area.
If the support holds and the bullish momentum continues to increase, Crypto Man MAB has indicated that the next major focus will be on the neckline resistance around $0.26. A successful breakout above this point could validate the double bottom pattern and open the door for a rise towards a target of $0.47.
Beginning of bearish trend exhaustion - will the bulls take control?
Crypto Man MAB also noted that the ADX indicator, currently trending downwards, suggests weakness in the recent bearish trend from the neckline resistance. A slowdown in trend strength often precedes a directional shift, and in this case, supports the idea that #DOGECOİN may be preparing for a reversal.
Meanwhile, attention has shifted to the Relative Strength Index (RSI), which hovers just below the neutral level of 50. While there are signs of increased buying interest, the RSI has not yet crossed into bullish territory. Crypto Man MAB indicated that a decisive move above the 50 mark would significantly bolster the bullish scenario, increasing the likelihood of a sustainable rise. Until then, some sideways consolidation around the $0.142 support level may still occur.
In conclusion, Crypto Man MAB believes that Dogecoin is at a critical turning point, supported by market optimism surrounding the potential approval of the #DOGEETF ETF. With both retail traders and large investors (whales) accumulating at these levels, the stage is set for a potential breakout. If the current technical conditions improve and sentiment remains favorable, the path to the $0.47 target may become clear soon.
