Dogecoin revealed after ‘Double Bottom’ was formed

Dogecoin
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The Doge has gained more than 2% to more than 16 cents since early Asian, reversed part of the slide of Monday from 16.63 cents to 15.67 cents, according to Data Source CoinDesk.
Per Coindesk’s AI research, cryptocurrency formed a “double bottom pattern” around 15.7-15.8 cents zone with more than average volume. Bounce is consistent with recovery to market leader Bitcoin
who has been bouncing at $ 107,000 from overnight low around $ 105,200.
Double bottom forms after a known seller-off and characterized by two bottoms at approximately the same level, separated by a short recovery. A final move above high-logged during temporary recovery, as seen in DOGE’s case, is said to confirm a change in the bearish-to-bullish trend.
While the intraday momentum moved the bearish, the wider pattern of the lower highs, representing a parallel downtrend since the second half of May, remains intact.
The day -to -day price chart indicates that a convincing move above the lower 17 cents, established over the weekend, is required to validate the broader bearish setup.

Key ai insights
- The Doge has formed a clear duplicate pattern undering around the $ 0.157- $ 0.158 zone, with more than average volume, especially at 13: 00-14: 00 hours on July 1.
- Cryptocurrency has experienced a steady climb that ends with a bullish near $ 0.161, with an increase in volume that confirms the consumer’s interest.
- In the last 60 minutes from July 2, 05:37 to 06:36, Doge showed a clear bullish trend, rising from $ 0.1605 to $ 0.1611, representing a 0.36% gain.
- Price action is formed by an ascending channel, with known volume spikes at 06:06 pm and 06:07 (more than 4.4m and 6.0m respectively)Confirmation of strong consumer interests.
- After reaching a local high $ 0.1611 at 06:14, Doge experienced a short pullback at $ 0.1606 at 6:27 before recovering to close the time at $ 0.1611.