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Key takeaways:
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DOGE formed a double bottom and broke through the lower time frame trendline, signaling a possible move to $0.25.
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Memecoins have been the best-performing narrative sector over the past 90 days.
Dogecoin (DOGE) is trading near $0.17, staging a modest rebound after fluctuating between $0.13 and $0.25 since February. Despite its sideways movement, DOGE remains the 7th most traded crypto by 24-hour trading volume. Investors continue to monitor whether the memecoin can reclaim the key psychological level of $0.25.
The daily chart reveals DOGE tracing a double bottom pattern, a classic reversal signal, with a support base at $0.15 established over recent weeks. This long-term setup hints at a potential climb to $0.25, a target that could materialize sooner than expected.
Over the…more
Source www.tradingview.com
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