Dogecoin Price Eyes Parabolic Rally as Double Bottom Pattern Emerges

The post Dogecoin Price Eyes Parabolic Rally as Double Bottom Pattern Emerges appeared first on Coinpedia Fintech News

The Dogecoin price is once again at the center of crypto market attention. After a brief cooldown, bulls have defended key levels and analysts are spotting bullish patterns on multiple timeframes. With institutional interest growing and chart setups aligning, DOGE crypto may be preparing for a notable upside breakout.

Dogecoin Price Today: Trendline Break Sparks Bullish Setup

The Dogecoin price today is hovering around $0.2379 with a 24-hour trading volume of $2.29 billion and a market capitalization of $35.71 billion. 

After dipping from $0.28 to $0.22 on July 21 due to profit-booking, the DOGE price saw a much needed rebound on chart.

According to technical analysts, this bounce resulted in a breakout from a descending trendline on the hourly chart. 

$Doge/H4#Dogecoin has held strong at the Fibonacci 0.618 level and shown a solid rebound. pic.twitter.com/JCcdWEfCmY

— Trader Tardigrade (@TATrader_Alan) July 26, 2025

Furthermore, the same analyst highlighted that this bounce on hourly chart is reliable because the 0.618 Fibonacci level on the 4-hour chart, aligns with the horizontal support. 

This alignment of technical indicators, across both 1H and 4H charts, clearly strengthens the bullish views that DOGE crypto might be preparing for another leg up in the near future.

Dogecoin Price Forecast: Double Bottom Pattern Hints at Larger Rally

Looking at the broader Dogecoin price forecast, another bullish formation is catching attention. On the daily chart, DOGE is testing the neckline of a tilted double bottom pattern, a classic bullish reversal setup. 

If this neckline breaks convincingly, it could open a path toward the $0.52 level. This would mark a significant upside from current levels and further validate the positive sentiment around Dogecoin crypto.

$Doge/D1
A nice Double Bottom setup on #Dogecoin pic.twitter.com/PsDycAhtt6

— Trader Tardigrade (@TATrader_Alan) July 25, 2025

Adding weight to this outlook, the DOGE price has also been observed respecting an ascending trendline resistance since Q2. As a result, traders are eyeing this trendline as a high-probability breakout zone, assuming bullish volume continues to build.

Institutional Buzz Grows as DOGE ETF Interest Surges

Beyond technical charts, the growing optimism around Dogecoin price is also being fueled by institutional developments. 

Major asset managers including Grayscale, Bitwise, and 21Shares, have reportedly filed for Dogecoin ETFs. 

Notably, Bloomberg analysts assign a 90% chance of approval for such applications, underscoring DOGE’s credibility within the memecoin space.

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