DOGE’s Double Bottom Hints at Recovery to $0.25

- Double bottom pattern confirms bullish reversal for DOGE. - $0.177 resistance level sees strong holder activity. Dogecoin (DOGE) is showing signs of a bullish trend reversal after forming a "double bottom" pattern on its daily chart. On July 4, 2025, Cointelegraph reported that this technical signal suggests a potential price rebound to $0.25. This outlook is reinforced by a strong support base at $0.15 that has held in recent weeks. The double bottom pattern's bullish implications gain further support from DOGE's breakout of a descending channel that had contained its price for the past two months. This breakout indicates an upward trend shift and increases the likelihood of sustained price improvements if selling pressure remains limited. On-chain data reveals concentrated holder activity at the $0.177 price level, establishing it as a key resistance marker. According to Cointelegraph on July 4, a cluster of DOGE investors remains active at this price point. Consequently, a sustained close above this level could open the path for additional gains and bolster investor sentiment. Despite these promising signals, current loss levels among DOGE holders remain significant. On July 4, Glassnode reported that holders are experiencing their highest losses in months. However, the broader memecoin sector has demonstrated notable strength, which could aid DOGE’s rebound. According to DYOR on the same day, the sector showed a 56.67% return over the last 90 days, underscoring the market's resilience. As of 18:08 UTC on July 4, Dogecoin (DOGE) was trading at $0.163, reflecting a 5.04% decline in the past 24 hours, according to market data. DOGE's 24-hour trading volume stood at $950.37 million, a 34.10% decrease within the same period.