Dogecoin Double Bottom Alert: $0.46 Breakout Looms if $0.26 Support Holds Strong

Dogecoin traders, brace yourselves—the meme coin’s chart is flashing a classic double bottom pattern. If the $0.26 support level holds, we could be staring down a 77% surge toward $0.46.

The Setup:
After two brutal rejections at $0.26, DOGE is coiling for a potential spring. Technicals suggest institutional accumulation—or maybe just Elon’s burner account firing up again.

The Stakes:
A close below $0.26 invalidates the pattern, likely triggering a cascade of stop-losses (and meme-fueled despair). But hold that level? Traders will pile in faster than a Shiba Inu chasing treats.

The Punchline:
Whether this is a legit reversal or another crypto head fake, one thing’s certain—Wall Street still won’t take it seriously. Their loss.

DOGE Nears Key Reversal Zone

Dogecoin (DOGE) was trading NEAR $0.23 at press time after falling 1% in the last 24 hours. The weekly chart shows a 3.5% drop. The broader setup points to a possible double bottom forming between April and July, with both lows forming just under $0.20.

According to crypto analyst Ali Martinez, the key level for this pattern sits at $0.26. If DOGE climbs above and holds this price, the structure would confirm. Based on chart projection methods, a clean breakout could push the asset toward $0.46.

If Dogecoin $DOGE is truly forming a double bottom, this is the spot for a rebound. Reclaiming $0.26 as support could set the stage for a rally toward $0.46! pic.twitter.com/L9IgDef4Ia

— Ali (@ali_charts) July 25, 2025

If the OG meme coin clears $0.26, it may test resistance near $0.30 and then around $0.36. These levels match past turning points and may serve as areas where traders take profits or reevaluate.

Trader Tardigrade’s view supports this outlook. Their chart shows a similar pattern with a breakout area between $0.27 and $0.28. If the MOVE comes with increased volume, the price could extend toward the $0.41 to $0.52 zone.

Large Holders Accumulate Over 300 Million DOGE

Large wallets added more than 310 million DOGE, according to Martinez. This follows a temporary sellout, an indication that big buyers are back in the market.

Although this action is not necessarily indicative of an uptrend, it is usually reflective of anticipation of a potential move upwards. These next few sessions will show whether this buying pressure persists or wanes.

Market Activity Cools Despite Setup

CoinGlass data shows Dogecoin’s daily volume dropped 32%, now at $11.83 billion. Open interest declined 4% to $3.94 billion. Options volume also decreased 23%, with open interest in options falling more than 50%.

Despite the bullish chart structure, the current dip in trading activity reflects a cautious stance. For now, the price occupies a tight range, with a break higher than $0.26 perhaps establishing the future price movement.