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Dogecoin has once again captured market attention after forming a bullish double bottom pattern and breaking out of a 50-day bearish trendline.
As analysts highlight structural similarities to its historic 2020 rally, the dogecoin price is now positioned for a potentially explosive move, possibly setting the stage for a renewed push toward the elusive $1 mark.
Technical Breakout Suggests Bullish Momentum
Dogecoin recently climbed back above the $0.16 level after printing a double bottom pattern near $0.157. According to Brave New Coin data, the bounce reversed Monday’s slide and has helped reclaim lost ground. The double bottom, typically seen as a bullish reversal signal, was backed by strong volume during early July trading hours, indicating growing buyer interest.
Dogecoin has…more
Source bravenewcoin.com
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