Dogecoin Shows 56.67% Gain in 90 Days, Eyes $0.25 Breakout

Dogecoin (DOGE) has recently shown signs of a potential recovery, with a bullish double bottom pattern emerging on its daily chart. This pattern suggests a possible price rebound to the key resistance level of $0.25. The double bottom pattern is a widely recognized bullish reversal signal, establishing a strong support base around $0.15. The recent breakout above the lower timeframe trendline further supports the likelihood of a sustained upward move.

Over the past two months, DOGE has been trading within a descending channel, but recent price action indicates an imminent breakout. Crypto analyst Trader Tardigrade’s analysis points to a critical move above the 50-day moving average, followed by a successful retest, which often precedes a continuation of the uptrend. This shift is further validated by the emergence of higher lows and higher highs on shorter timeframes, signaling a reversal from the preceding downtrend.

Onchain metrics also support the technical optimism for DOGE. The UTXO realized price distribution data from Glassnode reveals the largest cluster of holders concentrated at $0.177, controlling nearly 9% of the circulating supply. This level acts as a critical resistance point; a sustained close above it could unlock further gains toward $0.206 and eventually $0.36. Such onchain dynamics suggest that investor sentiment is gradually shifting from loss realization to accumulation, setting the stage for renewed buying pressure. This aligns with the observed technical breakout, reinforcing the case for a near-term price rally.

Memecoins, including DOGE, have outpaced other crypto sectors in recent months, delivering a remarkable 56.67% return over the past 90 days. This outperformance underscores the enduring popularity and speculative appeal of memecoins, despite broader market volatility. Historically, memecoins have demonstrated the capacity for explosive gains during hype cycles, with returns ranging from 300% to 500% during peak periods.

DOGE’s current consolidation phase could serve as a foundation for a significant breakout, particularly if Bitcoin’s anticipated rally materializes and lifts altcoins. A confirmed move above $0.177 is a critical technical milestone that could catalyze further momentum toward $0.25 and beyond. Market participants should monitor key resistance levels and onchain activity closely, as these indicators will provide early signals of a sustained trend reversal. The interplay between technical patterns and memecoin market dynamics positions DOGE for potential growth in the medium term.

In conclusion, Dogecoin’s emerging double bottom pattern and supportive onchain data suggest a promising recovery trajectory toward $0.25. Coupled with the memecoin sector’s robust performance, these factors indicate that DOGE is well-positioned for a potential uptrend. Investors should watch for a decisive break above $0.177 as a key confirmation signal, while remaining mindful of broader market conditions that could influence price action.