Analysis: Dogecoin forms double bottom, could rally to $0.46

Cryptocurrency analyst and trader Ali Martinez shared on X that Dogecoin (DOGE) may be forming a double bottom pattern, a technical formation that typically signals a potential trend reversal, according to U.Today. He noted that DOGE experienced a sharp decline from December to April, followed by weak recovery attempts. Martinez explained that if DOGE rises to $0.26 and holds that level as support, it could continue gaining momentum and potentially reach $0.46.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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