Dogecoin Gears Up for $0.47 Surge as Epic Reversal Pattern Takes Shape

A powerful double-bottom pattern is forming on Dogecoin weekly chart, hinting at the meme coin biggest breakout in 2025. Traders now closely watch support and resistance levels for confirmation.

Investors appear to be quietly accumulating Dogecoin (DOGE), possibly signaling the start of a bullish reversal that could drive the price significantly higher by late summer.

In a recent analysis shared on X, technical analyst Crypto Man MAB highlighted a forming double-bottom pattern on the weekly DOGE chart — a classic setup often preceding strong upward momentum. This potential formation has drawn attention across the crypto community, with many anticipating a key breakout if technical conditions align.

At the core of this bullish thesis is the $0.142 support level, which previously marked the low in April and was again successfully defended in June. Holding this zone is considered vital for sustaining the bullish narrative.

Should DOGE maintain its position above $0.142, the next major resistance lies at approximately $0.26 — the so-called neckline of the double-bottom pattern. A confirmed breakout above this level would likely validate the pattern and spark a move toward the target zone of $0.47.

Further reinforcing the bullish case is a descending wedge pattern, formed from converging resistance and support lines stretching from late 2024 to April 2025. This pattern is typically viewed as another precursor to a breakout.

Market observers are also monitoring the Relative Strength Index (RSI), which currently hovers just under the 50 mark — a neutral position. A break above this level could enhance bullish conviction, though short-term consolidation around $0.142 may continue until a catalyst emerges.

Should DOGE move higher, it may face resistance in the $0.30–$0.40 range, but reclaiming those zones would open the path toward $0.47 — a potential upside by the end of summer.

Crypto Man MAB also noted that the timing could align with optimism around a potential approval of a spot DOGE ETF. With both whales and retail investors increasing their holdings — and DOGE already up 8% in the past week — the stage may be set for one of Dogecoin’s largest moves in years.

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