Dogecoin Rebounds After Forming 'Double Bottom'
2025-07-02 08:21:36
Main Idea
Dogecoin rebounded after forming a bullish double bottom pattern, gaining over 2% to more than 16 cents, aligning with a recovery in bitcoin's price.
Key Points
1. Dogecoin formed a bullish double bottom pattern, gaining over 2% to more than 16 cents.
2. The cryptocurrency's recovery aligns with bitcoin's bounce from $105,200 to $107,000.
3. The double bottom pattern is said to confirm a bearish-to-bullish trend change for Dogecoin.
Description
Dogecoin (DOGE), the world's largest meme cryptocurrency by market value, has regained some poise, having formed a bullish double bottom pattern during the overnight trade. DOGE has gained over 2% to over 16 cents since early Asian hours, reversing part of Monday's slide from 16.63 cents to 15.67 cents, according to data source CoinDesk. Per CoinDesk's AI research, the cryptocurrency formed a "double bottom pattern" around the 15.7-15.8 cents zone with above-average volume. The bounce is consist...
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