Important takeouts:
Doge formed a double bottom, breaking through the trendlines of the lower time frame, showing the possibility of moving to $0.25.
MemeCoins has been the best performing narrative sector in the last 90 days.
Dogecoin (Doge) has traded nearly $0.17 and has been staging a modest rebound since February, moving between $0.13 and $0.25. Despite its sideways, Doge continues to be the seventh most traded crypto in 24-hour trading volume. Investors continue to monitor whether Memecoin can regain its critical psychological level of $0.25.
On the daily chart, Doge tracks double bottom patterns, classic inverted signals, revealing that a $0.15 support base has been established over the last few weeks. This long-term setup suggests that potential climbing will be $0.25. This is a target that can be achieved faster than expected.
For the past two months, Doge has been restricted to downward channels. This is a pattern that shows signs of a potential uptrend breakout. Crypto Analyst Trader Tardigrade posted an analysis to X, highlighting the critical move above the 50-day trendline, followed by a success of retest and a continuation of uptrends.
This shift in the low time frame marked with new and higher highs indicates a reversal of the potential trend from previous downward trends. Supporting this, Onchain UTXO shows that price distribution data holds the largest holder cluster at $0.177, 8.94% of the supply. A strong proximity above this level could clear the path to next resistance at $0.206 (7.54%) and potentially $0.36 (3.83%), facilitating analyst optimism.
Related: XRP News Update: Ripple Bank Licensed Application, Chart Pattern Fuel Latent Rally 2.65 Price
MemeCoins is better than other sectors
On-chain metrics these days have drawn complicated pictures. A GlassNode post to X revealed that Doge holders endure the highest loss levels in months. This is a tough indicator of profit acquisition or sales at current prices. While this suggests short-term pressure, Memocoin’s story continues to be relevant.
According to Dyor data, Memecoins has dominated the last 90 days, surpassing the broader crypto market with a return of 56.67%.
This means Doge’s potential rise even if $0.25 is not immediate. The historic pattern suggests that Memecoin can see 300-500% profits during the peak hype cycle, as seen in late 2024.
So Doge is at a crossroads, with the technology pointing to a short-term $0.25 push through double bottoms and breaks in trendlines. At the same time, MemeCoin Dynamics suggests long-term climbs fueled by retail enthusiasm. A critical move above $0.177 could be the next technical confirmation.
A break above $0.25 by the end of 2025 could be realized, especially if the next leg of Bitcoin amplifies the Altcoin Rallies. Therefore, the current loss phase could be integration before the breakout of hype fuel.
Related: Bitcoin price aims for a new high, but “divergence” sets $110K as resistance
