Dogecoin price is defending the $0.15 region as a clear double bottom begins to form at key support. If confirmed, price may be preparing for a rotation toward $0.20 and higher.
Summary
- Dogecoin is showing early signs of strength as buyers defend a major support zone.
- Market structure suggests momentum may be shifting in favour of bulls.
- A confirmed reversal could position DOGE for a broader trend recovery.
Dogecoin (DOGE) price is showing early signs of structural strength after price action defended the $0.14 to $0.15 support area. This region has historically served as a reliable base for bullish reversals, and the current reaction is beginning to resemble a developing double bottom formation.
Dogecoin price key technical points
- A double bottom is emerging at the $0.14 support region
- Reclaiming the value area low is required for confirmation
- Successful breakout opens targets at $0.20 and later $0.26
Dogecoin’s price has once again tested the $0.14 support, a level that held firmly during the previous retest and triggered a rally. The market is now forming a potential double bottom formation, which is a classic reversal pattern often seen at the end of corrective phases. This setup typically signals that selling pressure is weakening and buyers are beginning to reclaim momentum.
For this structure to fully activate, Dogecoin needs a decisive confirmation breakout. Price must first reclaim the value area low, a significant level from a volume profile perspective. This zone was previously lost but is now being backtested, making it a pivotal region for establishing bullish continuation. Regaining this area would indicate that Dogecoin has enough demand at higher levels to sustain a larger move.
If Dogecoin successfully reclaims the value area low, the next major target sits at the $0.20 resistance. This level has acted as a clear barrier in prior rallies and would serve as the first significant milestone in a confirmed upward rotation. A move above $0.20 would then shift focus to the point of control and higher resistance around $0.26, where stronger supply levels may reappear.
Structurally, Dogecoin remains positioned for a potential reversal as long as price stays above the $0.14 support. The consistent defence of this level, combined with the emerging double bottom pattern, suggests growing buyer interest. This pattern is considered highly reliable when forming at a major support zone, adding credibility to the bullish scenario.
What to expect in the coming price action
If Dogecoin maintains support at $0.14 and confirms the double bottom by reclaiming the value area low, a rally toward $0.20 becomes increasingly likely. A sustained breakout beyond this level opens the path toward $0.26. Losing $0.14 would invalidate the setup and delay the bullish outlook.
Source: https://crypto.news/dogecoin-price-defends-0-15-double-bottom-emerging/
