Dogecoin price prints double bottom, downside exhaustion
Dogecoin price holds firm at the $0.13 support level, with a developing double-bottom pattern suggesting downside exhaustion and the potential for a bullish rotation toward higher resistance levels.
Summary
DOGE defends $0.13 support, showing signs of seller exhaustion.
Double bottom structure awaits confirmation above the point of control.
Reclaim could fuel a rotation toward the $0.17 high-time-frame resistance.
Dogecoin (DOGE) price is beginning to show early signs of stabilization after an extended corrective phase, as price action continues to defend the critical $0.13 support region. Multiple successful tests of this level, combined with supportive volume-profile behavior, have drawn attention to a potential bullish double-bottom formation.
While confirmation is still required, the structure suggests that selling pressure may be weakening, creating a short-term recovery toward higher resistance levels.
Dogecoin price key technical points
DOGE defends the $0.13 support level on multiple attempts, signaling strong buyer interest.
A potential double bottom structure is forming, pending confirmation above the Point of Control (POC).
Upside rotation targets the $0.17 resistance, where high-time-frame resistance and resting liquidity align.
Dogecoin’s price action has remained notably resilient around the $0.13 support level, which has now been tested multiple times without a decisive breakdown. This repeated defense is a critical characteristic of a double bottom formation, as it reflects seller exhaustion and growing buyer willingness to step in at the same price zone. From a market-structure perspective, such behavior often precedes a short-term trend reversal or at least a corrective bounce.
