Peter Smith
Dogecoin (DOGE) is flashing a bullish technical signal as the chart shows a clearly defined double bottom pattern forming over recent months. After rebounding strongly, DOGE price has surged to $0.2445, gaining over 12% in a single day. The breakout attempt above the key neckline at $0.25 could mark the start of a larger upward move.
With a solid reversal structure in place, technical analysts now forecast a potential price target of $0.42, if confirmation occurs.
DOGE Price Breaks Higher After Completing Double Bottom Structure
The daily chart reveals a textbook double bottom pattern, with lows near $0.122 and $0.135, and a neckline at just under $0.25. Dogecoin (DOGE) has now rallied from a low of $0.21617 to an intraday high of $0.24527, confirming bullish momentum and reclaiming critical levels.
The $0.25 zone is key. A daily close above this level would validate the pattern and likely attract increased volume and buying interest in the coming sessions.
Dogecoin Price Prediction: $0.42 in Focus as Breakout Builds
If the pattern plays out, Dogecoin (DOGE) price could rally toward the projected target of $0.42—a move based on the measured height of the double bottom structure. Along the way, the price could test interim resistance levels near $0.27, $0.31, and $0.38.
With current momentum and market sentiment aligning, DOGE may be entering a fresh bullish phase. Confirmation above $0.25 would be the next step toward unlocking this upside potential.
Peter Smith
