Dogecoin Double Bottom Could Trigger Significant Rally to $0.47

Dogecoin seems to be undergoing a quiet accumulation phase, with a technical double bottom pattern forming on the weekly chart—often indicative of a potential trend reversal. The pattern centers around a key support at $0.142, which was previously tested successfully in April 2025. If the support holds and bullish momentum progresses, the next target is the neckline resistance around $0.26. A breakout above this could confirm the pattern and push Dogecoin toward $0.47. Additionally, technical indicators suggest a possible trend shift: the ADX is trending downward, implying weakening in the recent downtrend, and the RSI is near neutral but needs to cross above 50 to confirm bullishness. Market sentiment is also supported by optimistic outlooks regarding the potential approval of a spot DOGE ETF, with both retail traders and whales accumulating Dogecoin at current levels. Overall, conditions seem favorable for a breakout, and if momentum and sentiment sustain, a significant rally appears possible.