Dogecoin Silent Build-Up: Double Bottom Hints At Explosive Move To $0.47

Dogecoin is displaying a double bottom pattern on its weekly chart, suggesting a possible bullish trend reversal. A crucial support level at $0.142, previously tested in April 2025, needs to hold for the pattern to remain valid. The next resistance level to watch is the neckline around $0.26; a break above it could trigger a rally toward $0.47. The ADX indicator signals a weakening downtrend, supporting the idea of a potential reversal. The RSI is hovering below 50, and a move above this level would strengthen the bullish case. Sideways consolidation around the $0.142 support level is still possible in the short term. Market optimism surrounding a potential spot DOGE ETF is contributing to the positive outlook. Both retail traders and whales are reportedly accumulating Dogecoin at current levels. Improving technical conditions and favorable sentiment could pave the way toward the $0.47 target. Crypto Man MAB highlights these factors in suggesting Dogecoin is poised for a comeback.