Dogecoin Double Bottom Pattern Targets 54% Rally to Key Resistance

• Dogecoin double bottom formation near $0.1467 support creates bullish reversal setup.
• RSI recovery above 47 and MACD crossover signal improving momentum conditions.
• Whale accumulation increases 0.34% while retail holdings decline 2.59% monthly.

On Dogecoin’s daily chart, market researcher Tom Tucker has seen a double bottom pattern that may indicate a bullish breakout toward the $0.2596 resistance level. The technical pattern formed near strong support at $0.1467, where buyers have consistently defended price declines.

The double bottom pattern consists of two key lows separated by months of price action. The first low reached $0.1299 on April 7, 2025, followed by a recovery to $0.25 before the second decline. The pattern completed when DOGE touched $0.1437 on June 22, 2025, and recovered again from the support zone.

These lows occurred within the same support area, indicating persistent buying interest at these levels. The pattern’s neckline sits at $0.2596, which would require approximately a 54.45% rally from current prices around $0.1681 to reach the target.

Technical indicators align with bullish reversal thesis

The Relative Strength Index has risen over 47 and is very close to the neutral 50 level, indicating that bearish pressure has subsided and that buying momentum is taking control. When paired with other technical indicators, this RSI improvement usually comes before long-term price increases.

Technical traders looking for trend reversals are drawn to this development, which frequently functions as an early indicator of growing upward momentum.

Fibonacci retracement levels provide additional context for resistance zones based on DOGE’s previous major cycle. The range of levels from the December 2024 top of $0.48 to the macro low of $0.09242 provides a road map for locating important places of support and resistance.

Current trading occurs just below the 0.786 Fibonacci level at $0.17640, which now functions as immediate resistance. The double bottom neckline at $0.2596 aligns closely with the 0.618 Fibonacci level at $0.24233, creating confluent resistance.