Dogecoin has formed a bullish double-bottom pattern on its daily chart, signaling a potential upward reversal towards $0.20 and $0.25.
Memecoins, including Dogecoin, have outperformed other crypto sectors in the past 90 days with an average return of 56.67%.
DOGE's ability to maintain support levels between $0.155 and $0.160 will likely determine its future price movement.
Analysts see bullish patterns and signs of a trend reversal for Dogecoin, with potential price targets of $0.25 and the importance of key support and resistance levels.