Dogecoin breaks through the $0.160 mark, initiating a new round of increases. Dogecoin is currently in a consolidation phase, with a target that may break through $0.1680. The weekly chart of Dogecoin is showing a significant double bottom pattern, a classic reversal structure that often indicates a strong trend reversal. If the current bullish momentum continues, DOGE may soon welcome a breakthrough market.
Dogecoin price analysis—Where is Dogecoin headed now?
The core of this pattern is the key support level of $0.142. The two major corrections in April and June were violently pushed up by mysterious whales at this position, leaving behind epic long lower shadows.
If the bulls successfully hold the $0.142 support level, the next important resistance level will be around $0.26—the neck line of the double bottom pattern. If this point is really broken, it will validate the reversal structure and may pave the way for a rebound to the target level of $0.47.
Three overlapping explosive bullish signals simultaneously erupt!
"Death Wedge" breakout: The downward channel since 2024 has been completely shattered.
"Golden Cross Resonance": The three major indicators MACD, KDJ, and Bollinger Bands are simultaneously issuing a buy signal not seen in ten years.
"Whale Awakening": On-chain data shows a mysterious address is sweeping up at a rate of 1 million coins per second.
Nuclear-level positive countdown: DOGE ETF is about to trigger a financial nuclear bomb!
Wall Street insider news: BlackRock, Fidelity, and other institutions are secretly preparing a DOGE spot ETF! Once approved, it will trigger:
A flood of institutional capital worth hundreds of billions
Exchange liquidity crisis
Short-sellers collectively face liquidation
The 8% increase in Dogecoin over the past 7 days is just an appetizer; the real frenzy mode will start after breaking through $0.168. Remember the miracle of 2021? This time it will be crazier! While the whole network discusses 'whether to chase the rise,' smart money has already completed its layout. Will you continue to watch?
