Dogecoin ($DOGE ) could be poised for a bullish breakout, with chart analysts pointing to a textbook double-bottom formation and strengthening technical signals that suggest a potential price recovery toward $0.25.
The memecoin is currently trading near $0.17 after consolidating between $0.13 and $0.25 since February. On the daily chart, DOGE has established a firm support base at $0.15, forming a double-bottom — a classic reversal pattern often preceding a price rally.
Crypto analyst Trader Tardigrade recently noted a breakout above the descending channel’s 50-day trendline, followed by a successful retest — a move interpreted as the early stages of a bullish reversal. New higher lows and highs on lower time frames reinforce the potential uptrend.
Onchain data also supports this view. Glassnode's UTXO realized price distribution shows a significant concentration of holders at the $0.177 level, holding nearly 9% of total supply. A daily close above this threshold could open the door to test the next resistance at $0.206 and potentially the long-term target at $0.25.
Despite some short-term pressure — including recent signs of distress selling — $DOGE remains one of the most actively traded cryptos. Memecoins, broadly, continue to lead market narratives, returning over 56% in the past 90 days, according to DYOR data.
While the move to $0.25 may not be immediate, a combination of bullish technical signals and broader memecoin momentum could set the stage for DOGE to reclaim higher levels later in 2025, particularly if Bitcoin drives another altcoin surge.
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