TLDR:
- Dogecoin forms double bottom with strong support around $0.12.
- Breakout past $0.2445 triggers a 13% gain and heavy trading volume.
- Next resistance at $0.26 could open path toward $0.42 if cleared.
- DOGE up 22% in a week as chart signals rising bullish sentiment.
Dogecoin is back on traders’ radars as a powerful chart pattern starts to take shape.
The meme coin has climbed steadily in recent weeks, drawing attention from analysts and speculators alike. With fresh momentum building, some now believe a major breakout could be underway. A potential double bottom pattern is adding to the bullish setup, hinting at a possible run toward the $0.42 mark.
Interest in the DOGE chart has picked up as the price holds near a key level.
Dogecoin Double Bottom Pattern Forms Near $0.12 Support
Crypto analyst Ali noted a clear double bottom forming on the Dogecoin chart, stretching back to early 2025.
According to the analysis, DOGE printed two major lows around $0.12, with a rally in between, a textbook sign of a bottoming process. The first low occurred in February, followed by a second test of the same zone in June.
Dogecoin $DOGE seems to be shaping a double bottom pattern, targeting $0.42! pic.twitter.com/EpaYIoPEtY
— Ali (@ali_charts) July 18, 2025
This repeated support suggested strong buyer interest around that level. Once the price pushed through the neckline resistance at $0.2445, the structure signaled strength. Based on pattern projection, the next major target sits near $0.42.
The move above $0.2445 didn’t go unnoticed. Dogecoin jumped from roughly $0.21 to test the breakout zone, gaining over 13% in just 24 hours. Trading volumes spiked past $19 billion, according to CoinGecko, marking one of the most active sessions in recent months.
The quick rise suggests the breakout may have legs. If buyers hold this ground, it opens the door for a move toward the $0.3 to $0.4 region. Technical traders view this type of surge as a shift in sentiment, especially after months of sideways movement.
Analyst Eyes Clear DOGE Price Path Above $0.26
Daan Crypto Trades pointed out that Dogecoin has been stuck in a range for six months. In his view, the $0.26 mark remains the next major resistance. A confirmed break above this zone could send DOGE straight into the $0.3 to $0.4 range.
He added that Dogecoin’s past moves tend to happen in bursts, slow at first, then suddenly sharp. This behavioral pattern has played out multiple times in the coin’s history. The current setup is starting to resemble those past cycles.
$DOGE Traded within this range for about 6 months now.
Breaking above $0.26 should clear the way for a move back into the $0.3-0.4 area relatively easily.
We know how DOGE moves after all these years.
Slowly, then all at once. pic.twitter.com/EmErBZxYNC
— Daan Crypto Trades (@DaanCrypto) July 18, 2025
Recent gains have pushed DOGE up over 22% in the last seven days, showing growing momentum. Analysts are closely watching how the price behaves near $0.26. If buyers continue to defend this level, it could mark the beginning of a larger trend.
So far, the chart looks constructive, with higher lows and growing volume. The double bottom pattern, paired with strong breakout signals, has put Dogecoin in focus again. Traders now await confirmation of the next leg higher.
The post Dogecoin Double Bottom Pattern Fuels Breakout Hopes Toward $0.42 appeared first on Blockonomi.
Source: https://blockonomi.com/dogecoin-double-bottom-pattern-fuels-breakout-hopes-toward-0-42/