Dogecoin confirms double bottom, breaking above $0.2445 with strong volume support.
Analysts target $0.42 as DOGE tests next resistance at $0.26 after a 22% weekly gain.
DOGE reclaims 200-week MA, showing growing momentum and chart strength around $0.25.
Dogecoin (DOGE) is currently showing signs of a bullish double bottom formation, suggesting the memecoin could be preparing for a fresh upward move. At the time of writing, DOGE was trading at $0.2526, holding above key support levels while testing breakout resistance. Technical analysis points to $0.42 as the potential price target.
Double Bottom Pattern Gains Traction on the Chart
According to an analysis prepared by crypto analyst Ali, Dogecoin has formed a double bottom structure since early 2025. The first low occurred in February near $0.12, while the second low developed around the same level in June. These two dips, separated by a temporary rally, indicate firm support in the $0.12 zone.
https://twitter.com/ali_charts/status/1946193990816067745
Following the second bottom, Dogecoin surged past the neckline resistance of $0.2445. The pattern now appears to be validating as trading volume increased rapidly, with CoinGecko reporting over $19 billion in 24-hour volume. The breakout move pushed DOGE from around $0.21 to as high as $0.2549 in a single session, gaining over 13%.
Analysts say that if the pattern continues to hold, the next likely resistance levels may be around $0.27, $0.31, and $0.38, leading up to the projected target of $0.42. DOGE's steady climb and volume support this structure.
Key Resistance Levels Ahead as Momentum Builds
According to an observation by Daan Crypto Trades, Dogecoin had been trading in a range for over six months. The $0.26 level is now seen as the next resistance. If DOGE breaks through this zone, it may quickly advance toward $0.30 or beyond.
The chart is also showing higher lows and rising interest from buyers. Additionally, as noted by Cephii on X, Dogecoin recently reclaimed its 200-week moving average. This technical recovery adds to bullish sentiment among traders who are monitoring price stability near the $0.25 level.
DOGE has gained over 22% in the past week. If current momentum holds, traders may soon look for confirmation of the double bottom pattern’s completion.
The post Dogecoin Breaks $0.2445 Neckline as Analysts Set Eyes on $0.42 Target appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
