<strong><em>DOGE price action shows a double bottom pattern forming near the psychological mark of $0.050, teasing a bullish reversal.</em></strong>
<h3><strong>Key technical points:</strong></h3>
<ul>
 	<li>The DOGE market price has increased 25% over the past 24 hours.</li>
 	<li>The sideways trend continues between $0.05 and $0.063.</li>
 	<li>The 24-hour trading volume of Dogecoin is $654 Million, indicating a drop of 41%.</li>
</ul>
<h2>Past Performance of DOGE</h2>
The <a href="https://www.cryptoknowmics.com/news/billy-marcus-if-dogecoin-is-a-pyramid-scheme-so-is-the-crypto-market/">DOGE</a> price has been stuck between $0.05 and $0.063 limits for the past week. The consolidation could lead to an upward trend when it breaks through any or both extremes. Moreover, the bullish breakout of the consolidation range increases with the double bottom pattern taking shape.

<img src="https://s3.tradingview.com/snapshots/s/S704P0uN.png" alt="TradingView Chart" />

<strong>Source- </strong><a href="https://www.tradingview.com/x/S704P0uN/" target="_blank" rel="noopener">Tradingview</a>
<h2><span style="font-weight: normal">DOGE Technical Analysis </span></h2>
The <a href="https://coincodex.com/crypto/dogecoin/" target="_blank" rel="noopener">DOGE price</a> action shows a bullish engulfing candlestick followed by a Doji candle, warning of an evening star pattern formation. Hence, traders hoping for a bullish trend must wait for a price action confirmation. Since May, the DOGE price has traded between the lower and mid-band of Bollinger band indicators, indicating an aggressive selling market. However, the price has been hovering around that lower support is a sign of the reversal theory.

Amid ongoing consolidation and the daily RSI slope moving higher suggests buyers are taking control of the sellers. This means a higher likelihood of breakouts of $0.063 breakout. The MACD and signal lines in the daily chart give a bullish crossover as the falling trend in the negative histogram reaches the zero line. Hence, traders can expect the bullish trend to start with the resurgence in positive histograms. In a nutshell, the DOGE technical analysis forecasts a potential bullish breakout of a consolidation range.
<h2><span style="font-weight: normal">Upcoming Trend</span></h2>
Traders hoping for a bullish recovery in the DOGE prices must wait for the $0.063 breakout. After that, investors can expect the breakout rally to reach the $0.075 mark.

<strong>Resistance Levels:</strong> $0.065 and $0.075

<strong>Support Levels:</strong> $0.050 and $0.030

DOGE Technical Analysis: Will Dogecoin Surpass the $0.065 Mark?

DOGE Technical Analysis shows a double bottom pattern forming near the psychological mark of $0.050 teasing a bullish reversal.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

DOGE Technical Analysis: Will Dogecoin Surpass the $0.065 Mark?

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