Dogecoin Accumulation Phase: A Potential Comeback?

Dogecoin appears to be in the midst of a quiet accumulation phase, with a technical setup that may soon shift market sentiment. As highlighted by Crypto Man MAB, a double-bottom pattern is forming on the weekly chart—often associated with strong trend reversals.

Structure Aligns With Sentiment: Is Dogecoin Poised For A Comeback?

According to Crypto Man MAB in a recent post on X, Dogecoin seems to be positioning for a possible upward move, with a classic double-bottom pattern developing on the weekly chart. This pattern, regarded as a bullish reversal signal, has drawn the attention of traders who are watching closely for confirmation. The current chart structure indicates that Dogecoin could be on the verge of a significant trend shift if conditions favor the bulls.

Central to this formation is the key support level at $0.142, which Crypto Man MAB emphasized as crucial for a potential breakout. This level was previously tested and defended by bulls in April 2025, showcasing its strength as a support zone.

If the support holds and bullish momentum builds, the next major target will be the neckline resistance around $0.26. A successful breakout above this point could validate the double-bottom pattern and pave the way for a rally towards the $0.47 target.

Downtrend Fatigue Sets In—Will The Bulls Take Over?

Crypto Man MAB noted that the ADX indicator is trending downward, indicating a weakening of the recent downtrend from the neckline resistance. A slowdown in trend strength often precedes a directional shift, which supports the notion that Dogecoin may be preparing for a reversal.

Meanwhile, attention has turned to the Relative Strength Index (RSI), which is hovering just below the neutral 50 level. Although there are signs of growing buying interest, the RSI has not yet crossed into bullish territory. Crypto Man MAB stated that a decisive move above the 50 mark would significantly strengthen the bullish scenario, raising the likelihood of a sustained rally. Until then, some sideways consolidation around the $0.142 support level is likely.

In conclusion, Crypto Man MAB believes Dogecoin is at a critical juncture, buoyed by market optimism regarding the potential approval of a spot DOGE ETF. With both retail traders and larger investors (‘whales’) accumulating at these levels, the stage is set for a possible breakout. Should current technical conditions improve and sentiment remain positive, the path toward the $0.47 target could soon come into view.