$DOGE
🚨DOGE COIN Price Analysis🚨
Dogecoin (DOGE) price is establishing a textbook double bottom pattern that suggests a possible longer-term reversal. After bouncing off the $0.17-0.18 support twice, DOGE is at the neckline of $0.257.
A clean break through the neckline would likely lead to strong momentum, with targets of $0.288, $0.338 and $0.434 as highlighted on the chart. EMAs (50/100/200) are flattening & tightening, a classic setup before expansion. Volume is coming in on the upward legs, which indicates buying interest.
The pattern stays valid as long as the price stays above $0.20. A clean break of the neckline with volume would turn EMAs into support, likely accelerating momentum through $0.30+.
A failure to break $0.257 cleanly would allow for consolidations to be within the bounds of the move. In conclusion, DOGE is technically set up for upside if bulls reclaim the neckline zone into momentum and test early 2024 highs.