DOGE price focuses on parabolic rebound, double bottom pattern emerges:

The price of DOGE has once again become the focus of attention in the cryptocurrency market. After a brief cooling period, the bulls have held onto key levels, and analysts have identified bullish patterns across multiple time frames. With growing institutional interest and alignment in chart setups, the DOGE cryptocurrency may be preparing for a significant upward breakout.
DOGE price today: Trendline breakout triggers bullish momentum.
The price of DOGE today is approximately $0.2379, with a 24-hour trading volume of $229 million and a market capitalization of $3.571 billion.
After a profit-taking drop from $0.28 to $0.22 on July 21, the price of DOGE has shown a much-needed rebound on the chart.
According to technical analysts, this rebound has resulted in a breakout of the downward trend line on the hourly chart.
In addition, the same analyst emphasized that the rebound on the hourly chart is reliable because the 0.618 Fibonacci level on the 4-hour chart aligns with the horizontal support line.
The consistency of this technical indicator on the 1-hour and 4-hour charts clearly enhances the view that DOGE cryptocurrency may be preparing to rise again in the near future.
DOGE price prediction: Double bottom pattern suggests a larger rebound
From a broader perspective on DOGE price predictions, another bullish pattern has drawn attention. On the daily chart, DOGE is testing the neckline of an inclined double bottom pattern, which is a classic bullish reversal setup.
If this neckline breaks out effectively, it may open a path for the $0.52 level. This would mark a significant rise compared to the current level and further validate the positive sentiment surrounding the DOGE cryptocurrency.
Increasing the weight of this prospect, the price of DOGE has also been following a resistance trend line since the second quarter. Therefore, traders view this trend line as a high-probability breakout area, assuming bullish trading volume continues to grow.
The institutional frenzy has surged with the growing interest in DOGE ETF.
In addition to technical charts, the growing optimism surrounding the price of DOGE is also driven by institutional developments.
Major asset management companies, including Grayscale, Bitwise, and 21Shares, have reportedly submitted applications for a DOGE ETF.
It is worth noting that Bloomberg analysts have assigned a 90% probability to the approval of such applications, highlighting the credibility of DOGE in the meme coin space.
This high level of attention from large participants brings DOGE closer to the mainstream financial market.
If a DOGE ETF is approved, it could bring a wave of new capital into the asset, significantly affecting the long-term price dynamics of the DOGE cryptocurrency.
DOGE Price Outlook: Bullish Channel May Target Higher Levels
Finally, on the weekly timeframe, another major bullish structure has been pointed out. Analysts have noted that DOGE continues to respect an ascending parallel channel and is currently testing the support of the lower boundary.
Historically, this area has triggered significant rebounds, making the current price movement particularly important.
With many months still remaining in 2025, analysts speculate that the price of DOGE could target $0.5, $1.0, or even $2.0, based on the available space on the upper channel.
Some people even predict that DOGE may break into double digits, especially in the case of ETF approvals and large investor capital inflows.
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