Dogecoin (DOGE) Price: Weekly Chart Shows Double-Bottom Pattern Forming

TLDR

• DOGE trades at $0.09272, up 2.74% in 24 hours, with a $15.8 billion market cap.
• A weekly double-bottom pattern may signal a bullish reversal if DOGE holds support.
• A break above the $0.40 neckline could open the door toward a $5 target.
• Robinhood has added DOGE access for eligible users across the European Union.
• Analysts Trader Tardigrade and dogegod flagged the chart pattern and EU listing on X.

Dogecoin is drawing attention this week as its price chart and market access both shift.

DOGE is currently trading at $0.09272. The coin has a 24-hour trading volume of $1.6 million and a market capitalization of $15.8 billion.

Over the past 24 hours, DOGE gained 2.74%. Traders are watching the coin closely for signs of a bigger move.

Part of that attention comes from a chart pattern forming on the weekly timeframe.

Dogecoin Price on CoinGecko

Chart Pattern Signals Possible Reversal

Analyst Trader Tardigrade shared on X that DOGE’s weekly chart shows a developing double-bottom pattern. This structure often points to buyers trying to build a floor after a period of weakness.

The pattern is not confirmed yet. Another short-term drop is still possible before the setup plays out.

The key level to watch is the neckline at $0.40. A break above that point would confirm the double-bottom pattern.

If confirmed, some traders see this opening a path toward a longer-term target near $5. That level is far above current prices and would require a large move over time.

Until the neckline breaks, DOGE is expected to keep trading within the boundaries of the pattern. Support must hold for the setup to stay valid.

Robinhood Expands Access in Europe

Alongside the chart activity, DOGE has gained a new point of access. Robinhood has added Dogecoin to its platform for eligible users in the European Union.

Analyst dogegod shared this update on X, noting that EU users can now trade DOGE through a regulated exchange. This gives residents another legal option beyond existing platforms.

The listing does not guarantee a price increase on its own. New access can still support higher liquidity and more trading activity.

More platforms carrying DOGE can also help the coin’s presence among mainstream financial services. This follows a pattern of DOGE appearing on additional exchanges over time.

The broader crypto market has also moved higher recently, with Bitcoin trending upward. That backdrop has coincided with DOGE’s own price gain.

Traders are now focused on two things. First, whether DOGE defends its current support level tied to the double-bottom pattern.

Second, whether the price can clear the $0.40 neckline to confirm the pattern’s completion. A failure to hold support would delay or invalidate the setup.

As of the latest data, DOGE remains at $0.09272, up 2.74% over the past day, with a market cap of $15.8 billion.

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