- Dogecoin is showing signs of a bullish reversal with a double bottom pattern and rising trading volume, gaining 17% in a week.
- Traders are closely watching the $0.239 resistance, as a breakout could signal a push toward $0.30 or higher.
Dogecoin is back in the spotlight, showing signs of a bullish reversal as traders closely monitor a key resistance level at $0.239. The meme-inspired cryptocurrency has surged by over 17% in the past week, backed by rising trading volume and a classic double bottom pattern that hints at a potential trend shift.
Dogecoin Double Bottom Sets the Stage for a Rebound
According to technical analysis from CryptoPulse, Dogecoin has formed a textbook double bottom between $0.14 and $0.16. This pattern is often seen as a precursor to strong uptrends, especially when paired with significant trading activity. The support zone held firm during recent dips, providing a solid foundation for the current price action.
👀 Do you notice the potential double bottom pattern forming here on $DOGE?
— CryptoPulse (@CryptoPulse_CRU) July 11, 2025
Right now $DOGE seems to be going towards the $0.239 resistance line. A break and retest above that could confirm the reversal and open the door for further upside.
For now, momentum is building—watch… pic.twitter.com/MjmU23AKIP
Volume has become a crucial part of this bullish narrative. DOGE trading exceeded $7 billion in the last 24 hours, suggesting heightened interest from both retail and institutional traders. A breakout above the $0.239 resistance, if confirmed and retested successfully, could spark a fresh rally toward $0.30 and beyond.
Traders Watch for $0.239 Breakout
Market watchers agree that the $0.239 level is pivotal. It has capped previous upside attempts and stands as a line of confirmation for a broader reversal. Should Dogecoin manage a clean break above it and hold, the move may solidify a long-awaited bullish phase.
Analyst Javon Marks also points to a longer-term target near $0.6533, indicating that DOGE’s current trajectory could be the start of a much bigger climb. However, traders remain cautious. Failure to break resistance may invite another dip toward the $0.14–$0.16 support zone.
Dogecoin's data still points to ANOTHER SURGE!
— JAVON⚡️MARKS (@JavonTM1) July 10, 2025
With the breakout target at $0.6533 still in play, we can be early in the next wave of an over 242% run to reach it ⚡️…$DOGE https://t.co/ltCEos1E8w pic.twitter.com/7jBUmNhPYz
For now, Dogecoin remains in focus. The combination of strong support, volume-backed upward movement, and growing optimism around a potential breakout is setting the stage for a critical next move.
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