Dogecoin Forms Double Bottom Pattern with $3.25 Target

Dogecoin has formed a weekly double bottom pattern, with the first bottom confirmed and the second now in formation. According to trader @TATrader_Alan, this setup indicates a measured move target of $3.25.

The short-term price action may be volatile, but the structure remains bullish for DOGE. The 4h chart shows Dogecoin trading at $0.09 within the Bollinger Bands, testing upper resistance near $0.10. The RSI is neutral at 66.95, and the MACD death cross signals momentary weakness.

However, this confluence of indicators points to a probable healthy retracement toward the EMA50 support at $0.08 before continuation higher. This pattern has been seen in prior Dogecoin double bottom performance phases.