Dogecoin’s Stealth Rally: Double Bottom Pattern Signals Imminent Surge to $0.47
Dogecoin's price action is whispering what the charts are screaming—a silent accumulation phase could detonate a 50% rally. Here's why the meme coin that Wall Street still won't take seriously might make them choke on their spreadsheets.
The Double Bottom That Won't Stay Quiet
That W-shaped reversal pattern isn't just textbook—it's flashing neon buy signals. Two failed attempts to break support at $0.31 created the launchpad. Now the neckline at $0.38 is the only thing holding DOGE back from confirming the breakout.
Volume Tells the Real Story
Spot the divergence: price consolidates while trading volume creeps upward. That's smart money building positions while retail traders argue about whether Elon Musk will tweet today. The last time DOGE saw this volume profile? Right before its 2021 parabola.
Target Locked: $0.47 or Bust
Measure the height of the double bottom's trough to its neckline, project that distance upward—boom, you've got a conservative $0.47 target. The 200-day moving average conveniently aligns there too, because sometimes technicals actually agree with each other.
Will this finally be the move that forces CNBC to stop calling Dogecoin a 'joke' while simultaneously devoting 15-minute segments to its price action? Probably not. But for traders who don't need institutional validation to spot asymmetric bets, the setup speaks for itself.
Structure Aligns With Sentiment: Is Dogecoin Poised For A Comeback?
According to Crypto Man MAB in a recent post on X, Dogecoin appears to be setting the stage for a potential upward move, with a classic double-bottom pattern taking shape on the weekly chart. This pattern, often seen as a signal of a bullish reversal, has caught the attention of traders who are closely watching for confirmation. The current chart structure suggests that Dogecoin could be gearing up for a significant trend shift, provided the conditions align in favor of the bulls.
At the center of this formation is the key support level at $0.142, which Crypto Man MAB emphasized as being critical to the potential breakout. This level was previously tested and held by bulls back in April 2025, demonstrating its strength as a defensive zone.
If the support holds and bullish momentum continues to build, Crypto Man MAB pointed out that the next major focus will be on the neckline resistance around $0.26. A successful breakout above this point could validate the double-bottom pattern and open the door for a rally toward the $0.47 target.
Downtrend Fatigue Sets In—Will The Bulls Take Over?
Crypto Man MAB further noted that the ADX indicator, which is currently trending downward, signals a weakening of the recent downtrend from the neckline resistance. A slowdown in trend strength often precedes a shift in direction, and in this case, it supports the idea that dogecoin could be preparing for a reversal.
At the same time, attention has turned to the Relative Strength Index (RSI), which is hovering just below the neutral 50 level. While there are signs of increased buying interest, the RSI has yet to cross into bullish territory. Crypto Man MAB indicated that a decisive move above the 50 mark WOULD significantly reinforce the bullish scenario, increasing the likelihood of a sustained rally. Until then, some sideways consolidation around the $0.142 support level remains possible.
In conclusion, Crypto Man MAB believes Dogecoin is at a critical juncture, buoyed by market Optimism surrounding the potential approval of a spot DOGE ETF. With both retail traders and larger investors (whales) accumulating at these levels, the stage is set for a possible breakout. Should current technical conditions improve and sentiment remain favorable, the path toward the $0.47 target could soon come into focus.
