DOGE ( DOGE ) price prediction: Double bottom pattern returning, first target price $0.35–$0.38

DOGE has recently attracted the attention of traders as a familiar bullish pattern has reappeared on its charts. Crypto asset expert Ali has discovered that DOGE has formed a classic double bottom pattern, which typically signals a significant price pump.

DOGE tests double bottom "neckline" support zone

According to Ali's analysis, the DOGE price is currently testing a key level around $0.27, which is regarded as the "neckline" position of a double bottom pattern. If the price successfully holds at this position, it may trigger a new round of rise.

The analysis is based on a 3-day timeframe chart, which clearly shows a W-shaped bottom structure. Previously, the DOGE price formed two lows in mid-April and late June, respectively in the support range of $0.13–$0.14. By the end of July, the DOGE price broke through the neckline at $0.27 and briefly rose to $0.29. However, the price then retraced, returning to the neckline range. This type of pullback is a common phenomenon in double bottom patterns, regarded as a confirmation signal and may indicate the beginning of a new bullish trend.

Target and Resistance Range for DOGE Price

Analysts expect that the rise in DOGE prices may face two key resistance ranges. The first target price level is $0.35–$0.38, which is also the previous price resistance area and the highest trading volume range. If it continues to rise, it may break through to the $0.45–$0.50 range in the future.

The current support zone is between $0.265 and $0.275. If the price falls below this level, the double bottom pattern will fail, but if it can strongly rebound, it will confirm the bullish structure. The short-term resistance is around $0.30–$0.32, and it may encounter some pressure before breaking to higher price levels.

Technical Form and Momentum of DOGE

The double bottom pattern on the DOGE chart is one of the most well-known reversal patterns, typically signaling the end of a downtrend and potentially initiating a new bullish structure. For DOGE, this pattern has developed over a period of five months, indicating that it is a long-term trend change rather than a short-term fluctuation.

Technical indicators also support the expectation of a price breakout. The staircase pattern in Ali's chart suggests that prices will continue to hit higher highs and maintain relatively shallow pullbacks when retracing, which is often a characteristic of markets in a bullish trend.

Conclusion

If the neckline support level of $0.27 can remain unchanged, market participants may consider it a low-risk entry point, expecting a higher return ratio. However, whether DOGE can maintain this support level will be a key point of interest for the market. If the price breaks through the current resistance level and confirms the bullish trend, DOGE could experience greater price volatility.