DOGE Price Analysis: The technical chart shows a double bottom pattern, expected to big pump by 132%! Ignoring the dispute between Trump and Musk?

DOGE recent trend review:

Since June, the DOGE price has been performing flat, reflecting a decrease in investor interest in the cryptocurrency market. Its price has dropped 38% from the highs in May. However, the latest Technical Analysis indicates that despite facing external noise, DOGE may be on the verge of a rebound.

Current market data (as of the time of writing):

• DOGE Price: 0.1595 USD
• DOGE Market Cap: 24 billion USD
• 24-hour trading volume: $815 million (up 13% from the previous day)

Technical Analysis: Key Bullish Signal - "Double Bottom" Pattern Forming!

The Daily Chart of DOGE has shown a strong bullish technical pattern — the Double-Bottom Pattern. This is an important learning point for Crypto Beginners to understand price trend reversals.

(Source: TradingView)

1. Shape Confirmation: The price has received strong support near 0.1445 USD twice, forming two distinct lows.
2. Neckline Position: The "Neckline" resistance level of this pattern is currently at 0.2596 USD.
3. Retracement Target Calculation (Key!):
   • First calculate the "height" of the double bottom pattern: the distance from the support low point to the neckline. In this example, the height is about 44%.
   • Then, project this height upwards from the neckline position to obtain the theoretical minimum rebound target.
   • Calculation Result: Target Price = 0.2596 USD + (0.2596 USD - 0.1445 USD ) ≈ 0.3753 USD
   • This means: If the double bottom pattern confirms valid and successfully breaks through the neck line, the DOGE price has the potential to skyrocket by about 132% from the current level ($0.1595) to $0.3753! This is an important signal for investors looking for high potential cryptocurrencies.

Important Risk Warning (Must Read for Beginners):

• Key Support Level: $0.1445 is the lifeline of the double bottom pattern and is currently the most important Key Support Level.
• Pattern Failure Signal: If the DOGE price effectively breaks down (closing price below) $0.1445, this bullish double bottom pattern is declared invalid. This may indicate that bears are taking control, and the price could decline further, with the next important support level at the psychological level $0.10.

Market Highlights: Trump and Musk's Dispute Escalates, but Limited Impact on DOGE?

Recently, the conflict between U.S. President Donald Trump and tech tycoon Elon Musk has escalated again, becoming the focus of Crypto News. This dispute, which had once calmed down, reignited this week due to Musk's criticism of the "Big Beautiful Bill" supported by Trump, (.

• Musk's Concern: The bill could end the tax credit of up to $7,500 for electric vehicle buyers. As the CEO of Tesla (the largest electric vehicle company in the U.S.), this directly impacts Musk's interests.
• Trump's Counterattack: Trump accused Musk of being aware of his opposition to electric vehicle subsidies when he initially received his endorsement. Trump even threatened to cut funding for Musk's other company, SpaceX (which has substantial government contracts).
• Political Stance: Musk also pledged to fund Republican Thomas Massie, while Trump has publicly complained about Massie for sometimes not supporting the core agenda of the Republican Party.
• ![])https://img.gateio.im/social/moments-87a9b3933a-08feaabcfb-153d09-7649e1( (Source: Truth Social)

Why do analysts believe that this "celebrity feud" is unlikely to affect the price of DOGE?

1. The relationship has long been broken: The relationship between Musk and Trump broke down in May of this year, and the public split at that time did not have a significant impact on the DOGE price.
2. Historical Relevance Diminishes: Even Elon Musk's previous comments about DOGE, and the recent news of him being (jokingly) appointed as the head of the "Department of Government Efficiency" (DOGE), have had a significantly reduced impact on the coin price. This reflects that the cryptocurrency market may be diminishing its over-reliance on the comments of a single celebrity.
3. Technical Dominance: Current market analysis tends to believe that the DOGE price trend will be driven more by the aforementioned technical indicators (such as double bottom patterns) and overall crypto market sentiment than by disputes involving individual celebrities. This is an important observation for beginners learning how to analyze cryptocurrency.

Summary: DOGE is facing a critical turning point

• Over the past few months, DOGE price has remained under pressure, following the overall pullback trend of major cryptocurrencies.
• Key Bullish Signal: The double bottom pattern (W shape) formed on the daily chart is a strong potential reversal signal, providing hope for crypto investors.
• Huge Upside Potential: If the pattern is confirmed and breaks the neckline, the theoretical target points to 0.3753 USD (an increase of 132% from the current price).
• Strict Stop Loss Reference: $0.1445 is a key support level that must be closely monitored; if it falls below this level, the bullish expectation will be invalidated.
• Limited external noise interference: Although the dispute between Trump and Musk attracts attention, historical performance and the current technological landscape suggest that its direct impact on DOGE price may be limited.

(Newbie Tip: Cryptocurrency investment carries high risks, and prices are highly volatile. This article's analysis does not constitute investment advice, and you must conduct your own research and understand the associated risks.)