- Investors are quietly buying Dogecoin, which may mark the beginning of a new accumulation phase that could push the price to higher levels by the end of summer. According to a recent post on platform X by analyst Crypto Man MAB, a clear double-bottom pattern is forming on the weekly price chart of Dogecoin, a pattern that often paves the way for strong reversals in direction, which could lead to a significant price breakout.
Dogecoin $Doge Aims for $0.47 as Double Bottom Pattern Forms
Dogecoin traders are eyeing a potential price surge as a double-bottom pattern emerges on the weekly chart, signaling a possible sharp upward reversal. The critical support level at $0.142, successfully held by bulls in… pic.twitter.com/PVQvokkf4e
— Crypto Man MAB (@MabMan338) June 27, 2025
This pattern is typically viewed as an indicator of a price movement reversal towards the upside, which has captured the attention of traders awaiting clear confirmation signals. The current technical outlook suggests that Dogecoin's price may be on the verge of a significant move if it coincides with upward momentum.
Dogecoin Price Analysis – Where is it headed now?
The critical support level at $0.142 is the focal point of this pattern, which analyst Crypto Man MAB identified as a crucial area that could determine the fate of the upcoming trend. This level provided strong support during the first price bottom in early April 2025, and again at the second bottom in late June, confirming its importance in any positive outlook.
According to the analyst's view, if the bulls can defend this support level and regain momentum, the next important resistance level is near $0.26, which is the neckline of the double-bottom pattern. A decisive breakout above this point would confirm the validity of the price reversal, potentially paving the way for a rise towards $0.47.
In addition to the double bottom, the price of Dogecoin shows another positive signal, which is the descending wedge pattern formed by the descending support and resistance levels of Dogecoin's price since late 2024 until last April, and this is usually considered an indicator of a potential breakout.
Otherwise, the Relative Strength Index (RSI) remains oscillating below the neutral area at 50. Any strong move above this neutral area would reinforce bullish expectations, although stability around $0.142 may prevail until favorable market developments push the price to new levels.
If this rise occurs, the price may face some resistance at the lower levels of the $0.30 and $0.40 ranges, but if the price of the globally favored meme coin regains that price area, it could open the door towards $0.47 by late summer.
Overall, analyst Crypto Man MAB believes that the price of Dogecoin is experiencing a critical moment, driven by optimism surrounding the possibility of approval for Dogecoin Spot ETFs.
With both whales (large investors) and small investors quietly accumulating Dogecoin (the price of Dogecoin has risen by 8% in the past seven days), the favorable conditions for a price breakout are becoming more certain.
The post Dogecoin Price Forecast: A Technical Reversal Pattern That Could Trigger the 'Largest' Price Movement of the Coin in 2025 appeared first on Cryptonews Arabic.
