#Doge
Trade now . . bull Run โคโค๐๐๐๐๐๐๐ฏ๐ฏ๐ฏ๐๐๐
๐ฟ๐ค๐๐๐๐ค๐๐ฃ ๐๐ง๐๐๐ ๐๐๐ฉ๐ฉ๐๐ง๐ฃ ๐๐๐๐ฃ๐๐ก๐จ 125% ๐ฟ๐๐จ๐ฅ๐๐ฉ๐ ๐๐ก๐ค๐ฃ ๐๐ช๐จ๐ ๐๐ฃ๐ ๐๐ง๐ช๐ข๐ฅ ๐๐๐ช๐
Dogecoin price has been flat since June, coinciding with the lack of interest among investors. It has plunged by 38% from its May highs. Despite this, technical analysis suggests that the DOGE token may rally soon as Donald Trumpโs and Elon Muskโs accusations escalates.
DOGE price trades at $0.1595, giving it a market capitalization of $24 billion. Todayโs retreat was accompanied by a high volume of $815 million, a 13% daily increase.
The daily chart points to an eventual Dogecoin price rebound after it formed a highly bullish chart pattern. It has formed a double-bottom pattern at $0.1445.
This pattern is characterized by two distinct support levels and a neckline, which in this case, is at $0.2596. The profit target in a double-bottom pattern is calculated by first finding its height, which, in this case, is about 44%. After this, one measures the same distance from the neckline.
In this case, measuring the same distance from the neckline gives the price target of $0.3753, which is up by 132% from the current level.
The bullish DOGE price forecast will become invalid if the token drops below the double-bottom level at $0.1445. Moving below that level will be a sign that bears have prevailed, which will push it down, potentially to the psychological point at $0.10.
The positive Dogecoin price outlook ignores the ongoing accusations between Donald Trump and Elon Musk. This feud, which was on ice for a while, reignited this week after Musk criticized the Big Beautiful Bill.
