Dogecoin Double Bottom Pattern Signals Potential Bullish Reversal
- Antwan Koss
- June 29, 2025
- Analytics
- 0 Comments
Dogecoin’s Quiet Accumulation: A Double Bottom in the Works?
Dogecoin might be setting up for something interesting—if you squint at the charts, anyway. Over the past few weeks, the meme coin has been hovering around a key support level, and some traders are starting to whisper about a potential reversal. Crypto analyst Crypto Man MAB recently pointed out a double-bottom pattern forming on Dogecoin’s weekly chart. For those who don’t obsess over candlesticks, that’s often seen as a sign the downtrend could be running out of steam.
But here’s the thing: patterns don’t always play out. The $0.142 level has held as support before—back in April 2025—so there’s at least some reason to think it might stick this time too. If it does, and if buyers step in, the next big hurdle is around $0.26. Break past that, and suddenly the chatter about Dogecoin hitting $0.47 doesn’t sound quite so far-fetched.
Is the Downtrend Losing Steam?
One thing working in Dogecoin’s favor, at least according to Crypto Man MAB, is the ADX indicator. It’s been sliding downward, which usually means the current trend—in this case, the slump—is losing momentum. That doesn’t guarantee a rally, but it’s the kind of thing traders watch for when guessing whether a coin might reverse course.
Then there’s the RSI. Right now, it’s sitting just below 50, which isn’t exactly a screaming buy signal. But it’s also not in the dumps, either. If it pushes above that midpoint, it could give the bulls a bit more confidence. Until then, though, Dogecoin might just keep bouncing between support and resistance, doing its usual sideways shuffle.
The Whale Factor and ETF Hopes
What’s maybe more interesting than the charts is the quiet accumulation happening behind the scenes. Retail traders aren’t the only ones nibbling at these prices—whales seem to be loading up too. And then there’s the whole spot DOGE ETF rumor mill, which keeps churning out whispers about approval. Whether that’s wishful thinking or something real is anyone’s guess, but it’s definitely adding a layer of optimism.
Still, none of this means Dogecoin is guaranteed to shoot upward. Crypto moves fast, and sentiment can flip on a dime. For now, though, the setup is there. If the support holds and the stars align, that $0.47 target might not stay out of reach forever. Or, you know, it could all fall apart next week. That’s crypto for you.
*Image credit: Getty Images / Chart data: Tradingview*
