Dogecoin Price Jumps 7%: DOGE Rally Ignited by Double-Bottom Pattern Breakout

Dogecoin (DOGE) has experienced a significant price surge of 7%, fueling a notable rally for the meme cryptocurrency. This upward movement is primarily attributed to a technical breakout, with DOGE successfully breaking above a key double-bottom chart pattern. The double-bottom formation, often interpreted by traders as a strong bullish reversal signal, suggests that the selling pressure has been exhausted at recent lows. This breakout has sparked renewed optimism and buying interest in the Dogecoin market, potentially indicating the start of a new upward trend. Analysts are now watching key resistance levels to gauge the sustainability of this DOGE price rally.