Fun

Dogecoin Sets The Stage For A Liftoff With Key Reversal Pattern

News Feed - 2025-06-18 05:06:47

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.


Crypto Sat recently took to X to sharea technical insight on Dogecoin , revealing that the asset is showing signs of accumulationfollowing a sharp correction. According to the analyst, the 2-hour chart is beginning to shape a potential double bottom pattern. Should this structure be confirmed, it might signal a renewed upward push for DOGE, catching the interest of short-term traders and long-term holders. Make-or-Break Moment For Dogecoin: The Neckline Battle Ahead


Dogecoin is currently displaying the characteristics of a double bottom formation, a classic reversal setup that could signal a shift in momentum, as noted by Crypto Sat. The first bottom was established around the $0.170 mark, following a significant price drop, where buyers initially stepped in to defend the zone.  Related Reading Dogecoin Must Hold This Level—Or Risk A 30% Price Crash 22 hours ago


Shortly after, DOGE made a move back down for a second test of the same support area, with a higher low structureforming, suggesting weakening bearish pressure and the emergence of early accumulation. Classic bullish pattern forming on DOGE’s chart | Source: Crypto Sat on X


The key area to watch is the neckline resistance , which sits in the $0.198 to $0.200 range.  Crypto Sat emphasizes that a breakout above the neckline would serve as strong technical confirmation of a shift in market sentiment. If bulls manage to push through, it might open the door for a sustained upward rally, as traders gain confidence in the reversalsetup taking hold. Here Are Key Signals To Watch


In the analysis, Crypto Sat has outlined several key signals to watch as Dogecoin’s price action tightens. One early bullishsign, he notes, is the rising volume on the second bottom, a subtle but important clue that buyers may be stepping in with growing conviction. Volume often leads price, and this uptick could mark the start of renewed upward momentum. Related Reading Dogecoin Breaks Out Of Bull Pennant—What’s The Target? 3 weeks ago


The crucial level to monitor is the resistance zone around $0.200. A strong breakoutabove this zone could trigger a technical shift, paving the way for a potential rally toward the $0.220 and $0.230 range. Such a move would confirm the double bottom formation and likely attract more bullish participation as confidence builds.


However, if price fails to break through the neckline, supportaround $0.165 becomes the next critical level. A bounce from that zone would keep the pattern alive, but a clean drop below it could invalidate the setup and suggest further downside risk.


Sharing his personal outlook , Crypto Sat believes DOGE may be positioning for a breakout, but cautions traders to be patient. “Let the neckline decide the next big move,” he advises, underscoring the importance of watching for confirmation before making aggressive plays. DOGE trading at $0.17 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com

News Feed

Solana to outpace Ethereum in consumer applications — Former head of growth
Zoltan Vardai11 hours agoSolana to outpace Ethereum in consumer applications — Former head of growthSolana could outpace Ethereum in terms of consumer DApps, according to the Solana Foundation’s former head of growth
Amaka Nwaokocha12 hours agoBinance faces calls for ban by Nigerian Bureau De Change associationGwadabe reportedly emphasized that Binance trading has increasingly established itself as a central point for both the Invest
Tesla CEO Elon Musk Gives Investment Advice He Says ‘Will Serve You Well in the Long Term’
Tesla CEO Elon Musk Gives Investment Advice He Says "Will Serve You Well in the Long Term" Tesla and Spacex CEO Elon Musk has shared his recommended investment strategy, which he b
Guneet Kaur12 hours agoWhat is the difference between DApps and protocols?Discover the contrasting functions of DApps and protocols in the blockchain world, and gain insights into how they contribute to the growth of dec
Bahamian Attorney General Insists FTX Is the Subject of an ‘Active and Ongoing Investigation’
Bahamian Attorney General Insists FTX Is the Subject of an "Active and Ongoing Investigation" The troubled and now-bankrupt crypto exchange FTX is the subject of “an active a
Chris Coll-Beswick2 hours agoThe absurd AI mania is coming to an endAI large language models raised over $25 billion in the first half of 2023. The industry is starting to look like a bubble that’s about to burst.484 T
Bank of England’s Deputy Governor: Cryptocurrencies Aren’t Big Enough to Pose Financial Stability Risk
Bank of England’s Deputy Governor: Cryptocurrencies Aren’t Big Enough to Pose Financial Stability Risk Bank of England Deputy Governor Jon Cunliffe believes
David Attlee14 hours agoThailand to start taxing overseas income next year, including from cryptoAny person who resides in Thailand for up to 180 days, would be subject to personal income tax on foreign assets, including
Bitcoin, Ethereum Technical Analysis: ETH Falls to 9-Day Low Below $1,300
Bitcoin, Ethereum Technical Analysis: ETH Falls to 9-Day Low Below $1,300 Ethereum fell to a nine-day low during Tuesday’s session, as the U.S. dollar rose to a two-week hig
Savannah Fortis10 hours agoAmazon invests $4B in Anthropic AI startupAmazon has agreed to invest $4 billion into the artificial intelligence startup Anthropic to develop high-performing foundation models.5104 Total views
Derek Andersen7 hours agoAave, Circle, Base become founding members of Tokenized Asset CoalitionIt’s a big day for asset tokenization, as many of the biggest names in the field announced the formation of an association
Former Microsoft Engineer Says Nigerian Expatriates Are Using Bitcoin to Circumvent Country’s Overvalued Exchange Rate
Former Microsoft Engineer Says Nigerian Expatriates Are Using Bitcoin to Circumvent Country’s Overvalued Exchange Rate A former Microsoft software engineer and