Technical analysis by ArShevelev about Symbol DOGE on 5/13/2025

Dogecoin is serving up some spicy setup!We’re seeing a Double Top pattern forming, with DOGEUSD currently at $0.22 — right at the bottom line of this bearish formation. The two peaks hit resistance around $0.25, signaling potential downside. However, if DOGEUSDT drops to the key support at $0.20, this pattern could evolve into an Expanding Triangle (Megaphone), which might set the stage for a bullish reversal!I’m eyeing a long entry at $0.20.If DOGE holds this level and breaks above the Double Top resistance at $0.25, we could see a surge toward $0.27 and beyond! On the flip side, a break below $0.20 could lead to further downside, possibly testing $0.18.Key Levels to Watch: Resistance: $0.25 (Double Top resistance), $0.27Support: $0.20Breakout Target: $0.27+Breakdown Risk: $0.18Will DOGE bounce from $0.20 and rally, or are we in for a deeper dip? Let’s hear your thoughts below!Beautiful!