#CryptoBuyZone #SCREEMINGBUYME #IfYouAreNewToBinance #DoubleBottom
Some cryptocurrencies currently forming double-bottom patterns — a classic bullish reversal setup that might offer long opportunities if confirmed by a breakout above the "neckline" with volume:
🔍 Double‑Bottom Setup Candidates
Sui (SUI)
Analysts report SUI has formed a double bottom around ~$3.30.
Price is testing the 21‑day moving average and a pennant formation.
A break above the 21DMA and pennant could lead to a move toward prior highs above $5, possibly even $10 in a strong scenario.
Ethereum (ETH)
Multiple observations from Crypto Rover report ETH making a double bottom in April–March 2025.
Support levels between ~$2,430–2,480, with subsequent breakout toward ~$2,580. Some analysts project a longer‑term target around $4,000.
Dogecoin (DOGE)
DOGE appears to have formed a weekly double bottom around $0.142 (confirmed twice: early April and late June).
Analysts watch the neckline breakout above resistance levels (~$0.16–0.17) for potential targets ranging from $0.25 up to $0.47 depending on momentum.
📊 How Double‑Bottom Patterns Work
Double‑bottoms resemble a “W” shape, indicating the price tested support twice and failed to break lower. When the asset breaks above the middle peak (neckline) with rising volume, it typically signals strength and sets a potential upside target equal to the depth of the pattern above the breakout point.
📌 Trade Setup Comparison
CoinApprox. Support ZoneNeckline ResistanceTarget (if breakout)SUI~$3.3021‑day MA ($3.50)Toward past highs ($5‑10)ETH~$2,430–2,480~$2,580~$2,580–3,095, even $4,000DOGE~$0.142~$0.16–0.17$0.25–0.47 depending volume and sentiment
✅ What to Monitor Before Taking a Long Position
Clear breakout above the neckline on strong volume.
Confirm with support zones holding on pullbacks.
Momentum indicators (RSI, MACD) turning positive.
Volatility contraction / pattern completion (e.g., narrowing range or pennant).
Risk control levels: stop-loss just below the support lows to limit downside.
🧠 Market Context & Broader Signals
Bitcoin (BTC) and Ethereum are showing strong broader market momentum, with BTC recently breaking new all-time highs (~$118k) and poised for further upside. That broader strength tends to lift altcoins alongside it.
The Crypto
Altcoins like Polkadot (DOT) have also shown double-bottom setups recently, but volume and upcoming upgrades (such as DOT's elastic scaling) will determine follow‑through.
⚠️ Final Thought
Ethereum (ETH) and Dogecoin (DOGE) appear to have more mature double‑bottom structures with clearer breakout triggers.
SUI offers high-reward setups but is more speculative.
Always practice risk management: define entry, target, and stop-loss levels before entering trades.