Technical analysis by cecilion1998 about Symbol DOGE: Buy recommendation (7/19/2025)

Dogecoin (DOGEUSD) is showing a bullish double bottom pattern on the weekly chart, suggesting a potential long-term reversal from previous downtrends. This classic accumulation pattern is forming near a key historical support level, adding confidence to the bullish case. Using Fibonacci extensions from the neckline breakout, I’ve identified 5 major target zones: Target 1: 0.35054 — conservative target confirming breakout Target 2: 0.47606 — often hit during early momentum phases Target 3: 0.59212 — key level for profit-taking and resistance Target 4: 0.92785 — full measured move of the double bottom Target 5: 1.16687 — aggressive bull target if momentum continues The breakout is only confirmed if price holds above the neckline with strong volume. Risk management is crucial in case of a retest or false breakout.