People are quietly stacking Dogecoin ($DOGE) in what could be the start of a new accumulation phase that could send the price skyward by late summer.
According to analyst Crypto Man MAB in a recent X post, a prominent double-bottom formation is developing on Dogecoin’s weekly chart, a pattern often linked to powerful trend reversals, potentially priming it for a major breakout.
Typically viewed as a bullish reversal indicator, this setup has captured trader attention, with many awaiting confirmation signals.
The current technical outlook suggests DOGE might be positioning for a major move if bullish momentum aligns.
Dogecoin Price Analysis – Where is DOGE Heading Now?
Central to this pattern is the crucial support at $0.142, which Crypto Man MAB identified as a make-or-break zone for the asset. This level acted as strong support during the first bottom in early April 2025, then again in the second bottom in late June, underlining its importance in maintaining bullish prospects.
If bulls manage to defend this support and regain momentum, the analyst noted that the next significant resistance lies near $0.26 — the neckline of the double-bottom formation. A decisive breach above this point would validate the reversal structure, potentially paving the way for a rally towards the $0.47 target.
In addition to the double bottom, Dogecoin is flashing another bullish signal—a descending wedge formed by Dogecoin’s falling support and resistance lines across late 2024 through to this April.
Again this is usually a precursor to a breakout.
Additionally, attention remains on the Relative Strength Index (RSI), which is hovering just below neutral zone at 50.
A firm move above this neutral zone would amplify bullish conviction, though consolidation around $0.142 may persist until favorable market developments catalyze a climb to the next leg higher.
Should the token climb higher still, it may encounter some resistance in the low $0.30s and $0.40s, but should the world’s favorite meme coin recapture that territory, a run towards $0.47 could be on the cards by late summer.
Overall, Crypto Man MAB believes Dogecoin sits at a pivotal point, fuelled by optimism surrounding a potential spot DOGE ETF approval.
With both whales and retail investors now quietly accumulating (the price of Dogecoin rose 8% in the last seven days), the conditions for an eventual breakout are steadily falling into place.
As DOGE and Other Coins Prepare to go Up, Investors Funnel Millions into Best Wallet ($BEST)
It’s not just Dogecoin that looks set to rally. A number of leading cryptocurrencies are flashing breakout signals, which suggests the market may be on the verge of a new bull run.
Given that the last bull run collapsed when the now-bankrupt centralized exchange giant FTX was found misusing customer funds, the emphasis on the next bull run will be on security and self-storage, which is why the new Best Wallet ($BEST) presale is quietly amassing millions
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