DOGE Technical Setup: Double Bottom Pattern Eyes Major Recovery Targets

Dogecoin (DOGE) is painting an interesting picture on the daily timeframe with a textbook double bottom pattern forming. After successfully breaking through the 0.253 neckline, the cryptocurrency has closed above this critical support level, signaling potential upside momentum ahead.

The chart reveals two distinct bullish targets waiting above current levels. The primary resistance sits at $0.34, followed by a more ambitious target at $0.43. While the higher level may require additional confirmation and buying pressure, the nearer $0.34 level presents a more realistic near-term objective for traders watching this setup.

Current Market Snapshot:

• Price: $0.12
• 24h Change: -4.14%
• Key Level to Watch: 0.253 (breakout confirmation)

The double bottom pattern traditionally signals that sellers have exhausted themselves at lower prices, and the formation of this pattern combined with the neckline break suggests that DOGE could be building a foundation for recovery. The fact that price has already closed above 0.253 adds confidence to this bullish structure.

For swing traders and position holders, the immediate focus should remain on whether DOGE can consolidate above the 0.253 level and build momentum toward that first target at 0.34. A daily close below this breakout level would invalidate the setup and signal continued weakness.