Dogecoin hints at a double-bottom reversal; neckline pegged at $0.065. Short-term resistance trendline put to the test. DOGE eyes a target of $0.070 after potential reversal. Recent 25% dip in 23 days pushes Dogecoin to a critical $0.060 support. Last week's 20% plunge further challenges Dogecoin's resilience. A bullish comeback seems imminent as Dogecoin finds solid ground. Dogecoin's 1-week chart highlights a pronounced downtrend since Nov 2022. Signs of recovery: Price rebounds above the crucial $0.060 level. Overhead resistance trendline intertwined with 50-week EMA becomes the next hurdle. Post-crash, Dogecoin steadies at $0.060, hinting at a market turnaround. Double bottom on the 4H chart suggests imminent rally. Breakout at $0.065 could boost the meme coin sector. Immediate resistance expected at the 50-day EMA, before the $0.070 test. Downside risk: A move below $0.060 targets supports at $0.056 and $0.053.
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