Peter Smith
After grinding sideways for what felt like forever, Dogecoin just delivered the breakout traders have been waiting for. The meme coin blasted past $0.26, leaving behind a messy consolidation phase and flipping the script from bearish rejection to bullish momentum. This isn't just another fake-out - the technical setup suggests something bigger might be brewing.
The Perfect Double Bottom Setup
DOGE spent weeks carving out a classic double bottom pattern around $0.21-$0.22, and it's finally paying off. Buyers stepped in twice at these levels, proving the support was real. The breakout above the $0.23 neckline was the green light bulls needed. As BitGuru pointed out, momentum picked up fast once that level flipped from resistance to support, pushing price straight through the $0.26 barrier that had been causing problems.
Key Levels That Matter Now
- Immediate support: $0.254–$0.258 (the breakout zone that needs to hold)
- Secondary support: $0.240–$0.242 (old neckline, now the safety net)
- Near-term resistance: $0.270–$0.275 (next hurdle to clear)
- Upside target: $0.290–$0.300 (where the math points)
- Invalidation: Close below $0.240 (game over signal)
Why This Time Feels Different
Double bottoms don't always work, but when they do, they can run hard. DOGE is holding above its reclaimed support with decent volume, and the broader crypto market is rotating into altcoins. That's a tailwind you want when trying to push higher. The measured move from this pattern points toward $0.27-$0.30, which lines up with where buyers might start taking profits.
Peter Smith
