Eseandre Mordi
Dogecoin (DOGE) might be at a turning point after days of declining prices. Two bullish signals have emerged on the 4-hour chart — a double bottom pattern paired with a MACD bullish cross — suggesting the meme coin could be ready for a short-term momentum shift.
DOGE Shows Promising Reversal Signs as Key Technical Patterns Converge
The combination of a forming double bottom and a MACD bullish cross — highlighted by analyst Trader Tardigrade — is drawing interest from traders looking for reversal signals. The chart shows a clear double-bottom pattern around $0.155–$0.158, with two rounded lows marked in pink. Sellers tried twice to push prices lower but failed — a classic sign that bearish momentum is weakening.
DOGE is now testing horizontal resistance near $0.166, a short-term ceiling buyers need to break through. The MACD indicator shows a bullish cross highlighted in green, which typically appears before upward moves. When a MACD cross aligns with a double bottom, it significantly increases the odds of near-term gains. Volume bars show lighter selling gradually shifting to stronger buying activity, while recent candlesticks are forming higher lows — both signs that selling pressure is easing.
Why Dogecoin May Be Building Strength
Crypto markets have stabilized after recent volatility, creating room for high-beta assets like DOGE to recover. The coin often sees renewed buying near multi-day support zones, especially with clear technical patterns. The double bottom paired with a MACD cross is a textbook setup that attracts momentum traders. As a sentiment-driven asset, DOGE frequently reacts to community buzz and social media attention, which can amplify technical setups.
Key Levels to Monitor for DOGE
- Resistance: ~$0.166
- Immediate Support: ~$0.155
- Short-Term Target (if momentum strengthens): ~$0.175–$0.180
- Next Major Resistance: ~$0.19–$0.20
A sustained move above the $0.166 level would be the strongest confirmation that bullish momentum is taking over and could open the door to higher targets.
Dogecoin Builds a Convincing Case for a Short-Term Reversal
Dogecoin's 4-hour chart shows its strongest cluster of bullish signals in days. The double bottom forming alongside a MACD bullish cross suggests buyers are regaining control. DOGE needs to push above $0.166 resistance to unlock further upside, but the technical structure looks promising for a meaningful upward move.
Eseandre Mordi
