TLDR:
- The DOGE price forms a double bottom near $0.14–$0.16, signaling potential reversal.
- Price has surged 17% in a week, with volume hitting $7B in 24 hours.
- $0.239 marks key resistance; breakout could confirm trend shift.
- Targets above $0.30 in play if DOGE breaks and holds current resistance.
Dogecoin appears to be forming a bullish reversal pattern after showing strong momentum in recent sessions.
Traders are closely watching the $0.239 resistance zone as the meme coin gains upward traction. With growing volume and recent price action suggesting renewed demand, Dogecoin could be preparing for a breakout.
Analysts point to a technical formation that could open the door for further gains if confirmed. Market sentiment is shifting as DOGE recovers from earlier lows and climbs toward critical levels.
Dogecoin Double Bottom Pattern Hints at Bullish Shift
CryptoPulse noted in a recent update that Dogecoin’s chart may be forming a classic double bottom, a structure often seen before major uptrends.
Do you notice the potential double bottom pattern forming here on $DOGE?
Right now $DOGE seems to be going towards the $0.239 resistance line. A break and retest above that could confirm the reversal and open the door for further upside.
For now, momentum is building—watch… pic.twitter.com/MjmU23AKIP
— CryptoPulse (@CryptoPulse_CRU) July 11, 2025
This pattern shows two key troughs near the $0.14 level, with a rounded base shaping up between late March and early June. The $0.14 to $0.16 range has acted as strong support, holding firm during previous sell-offs.
According to their breakdown, the $0.239 region is a critical resistance area. If DOGE can push past this line and hold, the reversal pattern could be confirmed. A successful retest would likely build confidence among traders anticipating a trend change.
Over the past week, Dogecoin has rallied more than 17%, now trading at $0.1981 based on CoinGecko data. Daily trading volume also surged, hitting over $7 billion in the last 24 hours.
This uptick supports the notion that momentum is building and investors are watching the key resistance level closely.
CryptoPulse added that volume spikes during upward moves signal growing interest. This could fuel further gains if current momentum holds. Technical analysts often look for strong volume alongside breakouts to validate moves and confirm strength in the trend.
Traders Eye DOGE Price Breakout as Sentiment Builds
Another analyst, Javon Marks, pointed out that Dogecoin’s breakout target remains near $0.6533.
He suggested that the recent recovery could mark the beginning of a broader rally with upside potential. Although still below resistance, DOGE price is gaining pace after consolidating in a narrow range.
Dogecoin’s data still points to ANOTHER SURGE!
With the breakout target at $0.6533 still in play, we can be early in the next wave of an over 242% run to reach it
…$DOGE https://t.co/ltCEos1E8w pic.twitter.com/7jBUmNhPYz
— JAVON
The market is responding to this shift with growing attention. Traders now await confirmation through a clean break and hold above the $0.239 level. Should that happen, the path toward $0.30 or higher may begin to unfold.
The current structure shows a defined support base between $0.14 and $0.16, which has consistently prevented deeper drops. On the other side, resistance at $0.239 has repeatedly capped upside attempts. The next sessions will likely determine whether Dogecoin continues to climb or faces renewed selling pressure.
If the breakout occurs with strong volume and a stable retest, bullish momentum could continue. Otherwise, traders might see another dip toward the established support. For now, Dogecoin remains in focus as technical signals align.
The post Dogecoin Shows Potential Reversal Pattern as Price Eyes Key $0.239 Resistance appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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