DOGE’s current double-bottom and rising wedge mirror its late-2024 structure, hinting at another potential rally.
Repeated retests of the $0.1399–$0.2112 zone reinforce strong demand, acting as a launchpad for possible upward movement.
A decisive move above $0.240–$0.250, backed by volume and RSI, could validate a 28% upside breakout.
Dogecoin (DOGE) is currently trading at $0.2235 after a 3.6% drop over the past week. The asset remains inside a structured pattern previously seen during its late 2024 rally. The price action has formed another double bottom on the daily chart, followed by a rising wedge formation.
The previous occurrence of this pattern led to a short fakeout and a strong bullish continuation. The current structure shows a similar setup, where DOGE recently experienced another breakout attempt followed by a rejection, or fakeout, just below the $0.3100 resistance level.
Double Bottom Retest Aligns With Historical Setup
DOGE has tested the $0.1399–$0.2112 support zone multiple times since April 2025. This area also marked the base of a previous double bottom pattern, which ultimately preceded a sharp rally. The current double bottom is accompanied by a rising support trendline, connecting higher lows from the mid-June correction.
https://twitter.com/galaxyBTC/status/1950766168391991341
Previously, the same structure in Q3 2024 led to a fakeout breakout above the horizontal resistance. Price quickly retraced, only to surge later in a vertical uptrend. The chart now shows the same triangle breakout attempt has failed again near the $0.31 level, suggesting short-term rejection. However, the similarity to the prior structure continues to draw attention.
After breaking above short-term resistance, DOGE touched a high near $0.31 but failed to hold gains. The rejection formed a fakeout wick, followed by a pullback toward the rising wedge support. This behavior mirrors the October 2024 structure, where a brief breakout also reversed before continuation.
Dogecoin Rebounds from Key Support, Eyes 28% Upside Potential
According to analyst Bitguru, Dogecoin is showing signs of a potential reversal after bouncing off the critical $0.213 support zone. The meme coin, which recently faced a brief pullback, is now exhibiting a bullish structure on the lower timeframes.
https://twitter.com/bitgu_ru/status/1950557374646804970
Should this momentum persist and the price of $DOGE above smaller resistance areas, some analysts have recommended an upside movement up to 289 of the range to approximately $0.240 to $0.250). This price zone has provided a historical resistance region, and a bullish breakthrough might create a resurgence of interest among the investors.
Traders are closely watching volume and RSI for confirmation of this bullish trend shift. Dogecoin’s repeating pattern and strong support retests signal potential bullish continuation, with a confirmed breakout possibly triggering significant upside momentum.
