Dogecoin Maintains $0.13 Support as Double-Bottom Pattern Emerges

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 3d ago

Price Stability: Dogecoin (DOGE) has maintained a strong support level at $0.13, indicating potential buyer interest and a possible bullish reversal as selling pressure appears to be waning.
Technical Patterns: A developing double-bottom pattern suggests that sellers are losing momentum, but confirmation of this pattern requires a break above the Point of Control (POC), which is crucial for validating a bullish outlook.
Resistance Levels: If DOGE successfully reclaims the POC and holds above it, a rise towards the $0.17 resistance level is likely, which is significant due to its previous resistance status and the presence of resting liquidity.
Market Influence: Broader market conditions, particularly the sentiment surrounding Bitcoin, will significantly impact DOGE's price trajectory, with a confirmation of the double-bottom pattern needing supportive volume and bullish price action.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Dogecoin Maintains $0.13 Support as Double-Bottom Pattern Emerges

About the author

Top News

November Home Sales Face Challenges Amid High Rates

TikTok Cedes U.S. Control to American Investors

Amazon Appoints Peter DeSantis to Lead AI Innovations

Warner Bros Rejects Paramount Bid, Endorses Netflix Deal

Related Articles

F5 Faces Class Action Lawsuit Over Security Incident, Heightening Investor Loss Risks

SLM Corporation Faces Class Action Lawsuit for Misleading Statements

People Also Watch