Dogecoin (Doge) has organized a strong break after forming a double bottom near the key support, exceeding $ 0.26 and leaving behind the previous rejection areas. With the width of the Bollinger band now reaching a historically bullish level, Dege could be preparing the stage for an important increase, pointing to a price range between $ 0.41 and $ 0.97.
Dogecoin explodes after the double background formation
In a recent publication about X, Bitguru shared an analysis that stressed that Dege has made a significant upward movement, which broke from a classic double bottom chart pattern. This pattern was formed near a key support level, which indicates a potential reversal of a bearish trend to an upward trend.
When overcoming the $ 0.26 brand, Dege has confirmed this break and is now in a solid position for higher profits. This decisive movement, which is a critical development, puts the previous resistance areas firmly in the rearview mirror.
The market now has a clear sign of continuous bullish force. Currently, the impulse is being driven by buyers who have intervened with sufficient force to overcome the price, indicating a change in the feeling of the market. This sustained interest and ascending pressure suggest that Dege could be preparing for a more significant rally, since it enters a new phase of its market cycle.
Bollinger’s width hits the key orange level
Based on his analysis of the weekly Table of Dogecoin, the Crypto of X Trader Tardigrade has revealed a convincing pattern related to the width of the Bollinger band (BBW). He points out that in the past, when the BBW for Doge has reached a specific “orange level”, the cryptocurrency has made significant manifestations, with price increases ranging from 100% to 378%.
The analyst’s publication highlights even more critical development: the BBW has now returned to this same “orange level.” Such recurrence suggests that a similar period of high volatility and explosive price movement could be imminent for Dogecoin.
Based on this historical precedent, the analyst has established new price objectives for Doge. Now he is looking at a potential price range of $ 0.41 to $ 0.97 for the Token, a prognosis directly linked to the historical performance observed when the BBW reaches this key level. This analysis provides a strong upward case for Dogecoin in the coming weeks and months.
Dogecoin is experiencing an upward share, with its price that quotes around $ 0.2602, a notable increase of 3.78% in the last 24 hours. Doge market capitalization is $ 39.29 billion, while its 24 -hour negotiation volume has reached $ 4.09 billion, which reflects a significant market activity and interest of investors.
