Looking at DOGE's recent trend, it's quite interesting. After the dip to around 0.11534, the price stabilized around 0.12642, and the 4-hour chart shows a clear double bottom pattern. When such a bottom formation appears, it usually indicates that the selling pressure is waning.
The RSI indicator has risen to 25.76, moving out of the oversold zone, which suggests that the selling pressure is easing. More notably, the 24-hour trading volume has reached 430 million, indicating strong capital support. As a leading Meme coin, DOGE's popularity indeed remains high.
From a technical perspective, if considering a bullish approach, the reference data might look like this:
Entry point: around 0.12838 Stop-loss: 0.12500 Target: 0.14500
Of course, everyone's risk appetite varies, and this is just a technical outlook based on current data. However, given the bottom structure and capital flow, the upward probability is definitely worth paying attention to.
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TokenTaxonomist
· 15h ago
per my analysis, that double bottom formation is taxonomically interesting but let me pull up my spreadsheet real quick... 430m volume does suggest the selling pressure has weakened, statistically speaking. tho ngl the rsi at 25.76 is still borderline—data suggests otherwise when meme coins show false breakouts like this. evolutionary dead-end territory if it doesn't hold 0.12838 imho
Reply0
BlockchainFries
· 15h ago
I agree with the double bottom pattern, but is 430 million in trading volume really enough... It still seems that it depends on whether it can break through 0.14 for it to be convincing.
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MetaverseLandlord
· 15h ago
Double bottom has formed. The 4-hour pattern definitely shows some potential, but I don't know if it can break 0.14500.
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DAOdreamer
· 15h ago
Hey Dogecoin, this bottom looks pretty interesting. It would be great if the 4-hour double bottom can break through.
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NeverPresent
· 15h ago
If the double bottom really forms, can it rise another 20%? It feels conservative to see 0.14500.
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HackerWhoCares
· 15h ago
The double bottom has attracted such strong funds again, it feels like 0.14500 might be possible.
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ProbablyNothing
· 15h ago
Double bottom... I've seen this trick played too many times. DOGE is like that—hopeful one moment, hopeless the next.
Looking at DOGE's recent trend, it's quite interesting. After the dip to around 0.11534, the price stabilized around 0.12642, and the 4-hour chart shows a clear double bottom pattern. When such a bottom formation appears, it usually indicates that the selling pressure is waning.
The RSI indicator has risen to 25.76, moving out of the oversold zone, which suggests that the selling pressure is easing. More notably, the 24-hour trading volume has reached 430 million, indicating strong capital support. As a leading Meme coin, DOGE's popularity indeed remains high.
From a technical perspective, if considering a bullish approach, the reference data might look like this:
Entry point: around 0.12838
Stop-loss: 0.12500
Target: 0.14500
Of course, everyone's risk appetite varies, and this is just a technical outlook based on current data. However, given the bottom structure and capital flow, the upward probability is definitely worth paying attention to.