Dogecoin (DOGE) is trading around $0.17, following a modest rebound after a prolonged period between $0.13 and $0.25. Technical analysis indicates that DOGE has formed a double bottom pattern, suggesting a potential rise to $0.25. The daily chart shows support at $0.15 and a recent break above the 50-day trendline, indicating an upward trend. Analysts note that a strong close above $0.177 could pave the way to further resistance at $0.206 and potentially $0.36. Despite some dogecoin holders facing significant losses, the altcoin narrative remains strong, with memecoins outperforming the broader crypto market over the past 90 days, reflecting a 56.67% return. Historical data suggests that memecoins can achieve substantial gains during peak periods, highlighting a possible upward movement for DOGE in the longer term. A decisive breakout above $0.25 could occur by late 2025, particularly if Bitcoin experiences upward momentum.

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