While the ongoing feud between Elon Musk and Donald Trump dominates headlines, Dogecoin may be preparing for a significant breakout. According to the charts, the popular meme coin could surge by over 125%, regardless of the political noise.
📉 DOGE Has Struggled, But a Reversal Pattern Is Emerging
Dogecoin has dropped over 38% since its May highs and has been largely stagnant since June, reflecting weaker investor interest. Currently trading around $0.1595, DOGE holds a market cap of approximately $24 billion. Notably, trading volume surged 13% in the last 24 hours to $815 million, signaling renewed attention.
More importantly, the daily chart now shows a classic double bottom pattern—a reliable technical indicator of an upcoming bullish reversal.
📊 Target Price: $0.3753 Based on Technical Setup
The double bottom formed near the $0.1445 support, with the neckline resistance at $0.2596. A successful breakout above this level could send Dogecoin up by approximately 132%, reaching a target price of $0.3753.
However, this bullish outlook would be invalidated if the price breaks below $0.1445, opening the door to a potential decline toward the psychological support at $0.10.
⚔️ Musk-Trump Tensions Unlikely to Impact Price
Meanwhile, Trump and Musk’s rivalry has reignited after Musk publicly criticized the “Big Beautiful Bill,” which aims to end tax credits for electric vehicles. This change directly affects Musk, whose company Tesla has long benefited from such incentives.
Trump fired back, saying he supported Musk despite knowing about his opposition to EV tax credits—and even threatened to cut federal contracts with SpaceX.
In another jab, Musk announced financial backing for Representative Thomas Massie, a Republican who has challenged his party’s leadership—further irritating Trump.
Despite this escalating political drama, Dogecoin’s price appears unaffected. Musk’s previous association with the fictional “Department of Government Efficiency (DOGE)” also had no lasting influence on the coin’s market value.
🧭 Summary: DOGE Poised for a Breakout?
Dogecoin, like much of the crypto market, has faced pressure in recent months. But now, with a double bottom pattern forming, technical analysis suggests that DOGE may be gearing up for a sharp rally—potentially exceeding 125% gains if momentum builds
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