In Brief
- •Dogecoin forms Double Bottom pattern with potential upside toward $0.30–$0.33 if confirmed.
- •$0.19 remains a mission-critical support level across multiple timeframes and chart setups.
- •DOGE adoption expands with inKind and Thumzup exploring payment and payout integrations.
Dogecoin is showing signs of forming a potential Double Bottom on the 3-day chart, according to analyst TATrader Alan. The pattern features two symmetrical lows between $0.16 and $0.18, with upside potential toward $0.30–$0.33 if confirmed.
Price action remains above the $0.19 support, a critical level for sustaining bullish momentum in the coming sessions. A similar Double Bottom earlier this year led to a breakout that peaked near $0.28, reinforcing the relevance of the current setup.
Moreover, Analyst Ali adds that DOGE continues to trade within an ascending parallel channel on the 12-hour chart. Maintaining support at $0.19 could lead to further gains toward $0.25, $0.27, and the $0.33 channel resistance.
In the short term, the 4-hour chart shows a Falling Wedge pattern forming between $0.194 and $0.214, signalling potential for near-term recovery. A breakout above the upper trendline could trigger movement toward the $0.22–$0.23 zone, while a breakdown below $0.194 may invalidate the pattern.
On-Chain Metrics and Adoption News Support Long-Term Dogecoin Outlook
Glassnode data reveals a realized price gap between $0.19 and $0.07, with limited on-chain activity in this range. Clusters around $0.199 and $0.0739 show significant value concentration, suggesting volatility could increase if DOGE breaks out of the current zone.
The gap signals possible price expansion toward stronger support or a deeper retracement if the $0.19 level fails. Historically, similar gaps tend to close, making current levels important for directional confirmation.
Meanwhile, adoption efforts continue to grow as Dogecoin prepares for real-world integration across more than 1,500 restaurants via the inKind app. In addition, Thumzup, backed by Donald Trump Jr., is exploring DOGE payouts to reduce cross-border friction.
As technical setups align with growing utility, Dogecoin remains positioned for upward momentum if critical support holds. All eyes now turn to confirmation of the $0.19 level and any breakout from current consolidation ranges.