TL;DR
- Dogecoin trades at $0.1499 after rising 9.42% in the past 24 hours, aligning with a chart formation that shows a double bottom on the twelve-hour timeframe.
- The pattern signals weakening selling pressure as the market sustains a steady rebound.
- DOGE’s $22.79 billion market cap reinforces expectations of a recovery phase supported by growing volume.
Dogecoin holds near $0.1499 as buyers return following a sharp decline earlier in December. The token posts a 9.42% daily gain, matching technical evidence that points toward a potential shift in trend. The rebound begins after the price briefly slips under $0.1320 and regains momentum while returning to levels that attract renewed market interest. Additional intraday data shows consistent participation from spot traders, while derivatives activity also rises, suggesting broader engagement across market segments.
Dogecoin Double Bottom Structure Gains Visibility
Recent price action shows a fast drop from late November, paired with a clear increase in sell volume. The low recorded on December two sets the stage for a quick change in direction. Two similar troughs appear in the same range, forming a double bottom that highlights a level repeatedly defended by buyers.
Technical analysts note that the immediate reaction following each test of support strengthens the view that active demand remains present. The mid-$0.14 area now serves as a central reference to assess whether the structure gathers enough strength to confirm a breakout. Market watchers also point to improving liquidity conditions, which help reduce abrupt price swings.
Market Recovery Adds Further Support
Dogecoin’s rebound aligns with broader signs of stabilization across assets recovering from recent lows. Rising volume accompanies the latest upswing and indicates sustained participation rather than a low-liquidity bounce. DOGE’s $22.79 billion market cap contributes to a backdrop of relative stability even as volatility remains elevated across the market. Analysts note that retail flows remain active, adding another layer of support to the ongoing move.
As price approaches the $0.1500 region again, traders monitor levels that could define the next phase. A steady close above that area would validate a move out of the pattern. If a pullback develops, support near $0.1380 becomes essential to preserve the bullish setup.
Dogecoin now reaches a technical point that could mark the beginning of a more constructive cycle. The behavior of volume, liquidity, and the market’s reaction around key levels will determine whether this double bottom evolves into a sustained trend reversal.
