Alex Dudov
Dogecoin (DOGE) appears ready for another significant rally as its chart structure reveals a familiar bullish setup. The meme coin is forming a double bottom on the 3-day timeframe—a classic reversal pattern that typically marks the end of downward pressure and the start of fresh upward momentum. This formation has already played out successfully once this year and now seems to be repeating itself.
Technical Pattern Analysis
Trader Tardigrade's recent analysis shows two clear "W-shaped" double bottoms developing on DOGE's chart. The first completed between May and July 2025, while the second has been forming from September through late October. Both patterns emerged near the $0.16–$0.17 support zone, where buying interest consistently defended the price floor.
This pattern behavior indicates diminishing selling pressure and growing buyer confidence. The latest bounce has already lifted DOGE above $0.20, with price action now testing the mid-range territory. If the momentum holds, the measured-move projection suggests potential upside toward $0.30–$0.32, aligning with August's upper resistance zone.
Market Context and Implications
The timing of Dogecoin's pattern coincides with improving sentiment across the broader cryptocurrency market. With Bitcoin holding near multi-month highs and capital rotating into higher-risk assets, meme coins like DOGE typically see amplified price movements. The current setup mirrors the summer pattern that sparked a sharp multi-week rally. A decisive close above $0.25—the formation's neckline—would confirm a medium-term bullish reversal and likely draw in momentum traders targeting higher levels.
Key Levels to Watch
- Support: $0.16–$0.17
- Immediate resistance: $0.22
- Confirmation level (neckline): $0.25
- Target range: $0.30–$0.32
What's Next for DOGE
The emerging double bottom formation suggests Dogecoin may be gearing up for a recovery phase similar to its mid-year surge. As long as support holds above $0.16 and price maintains levels above $0.20, the odds favor a move toward the $0.30 zone. While confirmation is still needed, the technical setup points to a constructive outlook for DOGE in the weeks ahead, indicating that confidence in this established cryptocurrency is quietly rebuilding.
Alex Dudov
