Dogecoin News Today: Dogecoin Eyes 77% Rally as Double Bottom Forming Near $0.25 Support

Generated by AI AgentCoin World
Saturday, Jul 26, 2025 5:57 am ET1min read
DOGE
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Aime RobotAime Summary

- Dogecoin (DOGE) forms a potential double bottom near $0.25 support, with price targets of $0.36 and $0.46 by July 2025.

- Analyst Ali Martinez highlights weak resistance at $0.25 via UTXO data, signaling reduced selling pressure and bullish momentum.

- Declining trading volume (-32%) and open interest (-4%) suggest cautious market sentiment despite institutional accumulation of 310M DOGE.

- External risks like regulation and social media sentiment could disrupt the pattern, with $0.25 support critical to validate the bullish case.

Dogecoin (DOGE) has drawn attention as technical indicators suggest a potential double bottom pattern forming near the $0.25 support level, with price targets of $0.36 and $0.46 projected by July 26, 2025 [1]. Analyst Ali Martinez highlights the significance of minimal selling pressure above $0.25, a critical development for the meme coin’s price stability. According to on-chain data from Glassnode, the UTXO Realized Price Distribution (URPD) indicates weak resistance at this level, which Martinez describes as a “huge win” for upward momentum [2]. This dynamic suggests that

Dogecoin
could face fewer obstacles in its potential rally, provided the $0.25 support holds.

The double bottom pattern—a classical reversal signal—gains credibility if

DOGE
reclaims and sustains the $0.25 level. Martinez’s analysis emphasizes that such a move would reflect growing buying interest and waning seller influence, creating conditions for a rebound toward $0.36 [3]. Further confirmation could push prices toward $0.46, a 77% increase from the pattern’s neckline [4]. However, the cryptocurrency’s recent volatility, including a 20% drop between July 17 and July 22, underscores the risks of premature optimism [5].

Market liquidity remains a constraint, with daily trading volume for Dogecoin declining 32% to $11.83 billion and open interest falling 4% to $3.94 billion [6]. These metrics suggest traders are adopting a cautious stance as the asset consolidates near $0.22. Large holders have added 310 million DOGE post-sell-off, signaling tentative optimism among institutional participants, but broader adoption of the pattern hinges on sustained volume surges [7].

Analysts caution that external factors could disrupt the technical outlook. Regulatory developments, macroeconomic trends, and social media sentiment—key drivers for meme coins—introduce uncertainty [8]. While the double bottom framework offers a clear roadmap, confirmation requires both a sustained move above $0.25 and increased trading activity to validate buyer conviction. A breakdown below this level could negate bullish projections, potentially dragging prices below $0.20 [9].

Despite the optimistic setup, investors are urged to approach the forecast with caution. The $0.36 and $0.46 targets represent analyst projections based on technical patterns, not guaranteed outcomes. Traders should monitor resistance levels at $0.30 and $0.36, as well as broader market conditions, to assess the likelihood of a sustained rally [10].

Source:

[1] [title1] [https://en.coinotag.com/dogecoin-shows-potential-double-bottom-formation-with-possible-targets-near-0-36-and-0-46/]

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[10] [title10] [url10]