Double Bottom Pattern Suggests Dogecoin May Lead Crypto Market Gains This Month

Quick Summary:

RSI divergences often precede trend reversals, and in Dogecoin’s case, the higher low on the RSI suggests buyers could regain control very soon despite recent price declines.  Related Reading: Dogecoin Whales Go Ham As They Buy 560 Million DOGE In One Week Speaking of price declines, Dogecoin has been down by 6.7% and 14.3% in the past 24 hours, respectively.

Particularly, technical analysis of the Dogecoin/Bitcoin pair shows that an interesting bullish pattern has just emerged that could send Dogecoin on a journey to creating a huge bullish candle and a strong uptrend throughout the entire month.

Double Bottom Pattern: A Bullish Setup For Dogecoin Dogecoin’s price action has been marred by a decline in the past seven days.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Altcoins Cryptocurrency Doge Dogecoin Meme coins

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-02 @ 07:30:38 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 479 words

Reading Time: 3 minutes read

Sentences: 70 lines

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Copyright Owner: © NewsBTC

News ID: 25726774

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