Key Insights: 

Dogecoin has formed a bullish “double-bottom” pattern on its daily chart and could experience an upward reversal towards $0.20 and $0.25.

Memecoins have outperformed other crypto sectors in the past 90 days, with an average return of 56.67%.

DOGE’s ability to hold strong support levels between $0.155 and $0.160 could be what determines what happens next.

 

Dogecoin is back in the spotlight after forming a bullish double-bottom pattern. This move now has analysts and investors expecting a push upwards past $0.2 and possibly even $0.25.

Even though the market is currently cautious amid political tensions and mixed technical signals, Dogecoin could be on the verge of something big.

Dogecoin Double-Bottom Pattern Signals Potential Reversal

Dogecoin is currently trading near $0.17, and is now staging a modest recovery after months of sideways movement between $0.13 and $0.25. 

According to the daily chart, the coin has formed a textbook double-bottom pattern, with a strong support zone around $0.15. This formation is historically a bullish reversal signal, especially when it is followed by a breakout above a descending channel. 

Something that appears to be happening now.

According to insights from crypto analyst Trader Tardigrade, DOGE’s move above the 50-day trendline came alongside a successful retest followed by higher lows and higher highs. 

#Dogecoin has broken a 50-day trendline, retested, and continued its uptrend, confirming a trend reversal from downtrend to uptrend $Doge/D1 https://t.co/NdFZq1NFWW pic.twitter.com/8Na9eDoZ4d

— Trader Tardigrade (@TATrader_Alan) July 3, 2025

All of these are classic signals of an early trend reversal, and could mean that DOGE could be preparing for a bigger breakout.

Memecoins Are Leading the Pack Again

Over the past 90 days, memecoins have outperformed nearly every other crypto sector and have posted an average return of 56.67%. DOGE, as the original memecoin, is leading the pack despite its current price struggles.

Historical behavior even shows that during peak hype cycles, memecoins have posted explosive gains of between 300% to 500%. 

While such surges tend to rely on major catalysts or celebrity endorsements, they still show the volatility and possible upside of this memecoin, especially when market conditions are favorable.

Ascending Triangle on Dogecoin Weekly Chart Adds to the Bullish Case

Analysts have identified an ascending triangle on the weekly timeframe. For context, ascending triangles are  bullish patterns that show accumulation at higher lows.

Dogecoin appears to be forming one at the time of writing, while repeatedly testing resistance in the $0.25–$0.29 range. 

$DOGE Weekly Chart Update$DOGE is forming a large ascending triangle pattern on the weekly — a classic bullish structure!

Holding trendline support around $0.17

Bounced twice off key support zone

Eyes on breakout above $0.25–$0.29 resistance

Targets ahead:… pic.twitter.com/ZeeiVdY9mL

— Fabri Crypto (@fabriwtfbro) July 4, 2025

The cryptocurrency has so far managed to defend trendline support at around $0.17. However, the recent breakdown raised some concerns.

If the bulls manage to reclaim this ascending support, Dogecoin could revisit its previous highs. However, if the breakdown continues to gain strength, it may be a sign of further short-term weakness before any recovery attempt.

DOGE’s Volatile Performance This Year

In January, DOGE rallied to $0.33 as its local high for the year. 

Since then, the price has dropped by more than 50%, after hovering around $0.20 before eventually slipping to the current $0.16–$0.17 range.

This said, for DOGE to hold on to its current recovery, it must hold support between $0.155 and $0.160. These levels are supported by both historical accumulation zones and short-term technical structures.

In essence, if support fails, the resulting crash could bring DOGE back to $0.14 or even $0.12. 

On the upside, DOGE is facing immediate resistance at the 20-day EMA ($0.16855), followed by tougher barriers around the 50-day and 100-day EMAs at $0.17932 and $0.19104, respectively.

A breakout above $0.20 would confirm the bullish pattern and pave the way for a retest of the $0.25 resistance zone.

Overall, whether DOGE breaks out toward $0.25 or slips further downwards will depend on how the current consolidation plays out. Until then, DOGE is still one of the most watched (and speculated on) assets in the crypto space.

The post Could Dogecoin Be Eyeing Another Massive Price Burst? appeared first on Live Bitcoin News.

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Filed under: Bitcoin - @ July 5, 2025 6:20 pm