- The second bottom is being developed in Dogecoin on the 3-day chart.
- The support level of $0.1875 has also remained solid, and the pattern has not been broken structurally.
- Trade is within a close trading range with price limited around the resistance of $0.1971 with the market contracting.
On the three-day chart, Dogecoin is building the second bottom of a forming double bottom pattern. The trend, which has been followed in a few weeks, presents two different troughs to be followed by a moderate range rebound. This formation is common in any market cycle following prolonged decreases, and emphasizes on development of consolidation followed by a new upward movement.
Dogecoin is currently traded at $0.1893, which shows that it has decreased by 2.2 per cent in the last 24 hours . Comparing it to Bitcoin, the asset is priced at 0.051721 BTC and it has a marginally strong intraday performance of 0.4.
The chart data also shows that the current price trend has been posing a test to a critical support area around the price of $0.1875 which has over and over again served as a correction point in the recent past. Since the price action is at this point and level, traders are keenly observing the pattern developing as it tries to establish whether the setup will be all complete.
Support Levels Hold as Market Consolidates
The immediate support zone at $0.1875 remains a crucial reference level because this price range has often seen buyer interest at times of downward pressure. Ongoing consolidation indicates positioning by market participants near this base, in wait for additional confirmations of trend continuation.
Further, the fluctuations within a narrow range of $0.1875 and $0.1971 have marked a corridor of equilibrium between demand and supply. This period of consolidation has kept the volatility rather in check.
As the structure evolves, attention remains focused on whether Dogecoin maintains stability above this short-term support. Sustained positioning near this level would keep the double bottom formation intact and preserve the current technical setup.
Resistance at $0.1971 Defines the Short-Term Range
The $0.1971 resistance level defines the upper boundary of Dogecoin’s current trading range. Each attempt to move beyond this threshold has met moderate selling activity, maintaining a structured rhythm between rallies and retracements. This behavior remains consistent with the asset’s historical reaction near the same price zone.
In addition, the second bottom identified on the chart aligns with prior local lows from late September, adding technical significance to the ongoing pattern. The rebound from that level has created symmetry between the two troughs, a characteristic commonly noted in structured market recoveries.
With market focus centered on this evolving setup, analysts are watching how the price interacts with these defined levels. The alignment between support and resistance reflects a contained structure that continues to attract close technical observation.
