@Doge Coin has established the pattern of a double bottom breakout, a form that traders perceive as a bullish reversal. The price had just tested and bounced off with support at $0.23, confirming the neckline support. As long as buying pressure is maintained, analysts believe the price is likely to move toward $0.31 and even as high as $0.44. According to historical data, these levels were resistant in the past.#US-EUTradeAgreement

Technical indicators are showing mixed signals. Although the RSI stands at a neutral value of 54.42, indicating that there is still a potential for momentum to rise, the MACD histogram indicates a weakening bullish pressure. Nonetheless, the Chaikin Money Flow is at +0.08, which shows positive capital inflows. The trading volume of $DOGE accumulation has also peaked at $2.59 billion following strong investor demand despite the corrections taking place.

Retail sentiment is rebounding, supported by rising Google search volumes for #altcoins . The combination of institutional accumulation and retail interest increases the probability of significant short-term movement, especially if #DOGE原型柴犬KABOSU去世 breaks above $0.25. Failing to hold this threshold may open the downside to $0.20 or even $0.17, both of which have served as long-term support levels.

High Time Frame Patterns Point to Explosive Long-Term Rally

#Dogecoin price exhibits evident signs that it is on a long-term Elliott Wave trend on a weekly basis. According to the analysts, the rebound in July was the start of Wave 3, one of the strongest legs in this structure. If this theory is correct, DOGE could reach close to $1 in the current cycle. This outlook is supported by the weekly triangle structure drawn by Trader Tardigrade, showing that DOGE recently bounced from the base of Triangle III.

Analysts like #BitGuru and Hailey have also emphasized the significance of the breakout of the $0.243 level. According to the short-term prediction, BitGuru will move 30% to $0.28 (based on past trends). Hailey cited the breakout retest as a reflection of DOGE during Q4 of 2023, which saw the price action shoot up after a similar consolidation. The fractal pattern indicates that increments above $0.247 may lead to continued gains.

At the time of writing, Dogecoin trades near $0.22, down 5.46% in 24 hours but showing structural signals of a possible reversal if current conditions hold.