📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Recently, the Crypto Assets market has shown some interesting technical patterns, among which the trend of DOGE is particularly noteworthy. From a weekly perspective, DOGE exhibits a double bottom breakout pattern similar to the recent strong performance of ADA. After two weeks of healthy pullback, DOGE is showing upward momentum once again, and this similarity suggests that DOGE may have the opportunity to follow ADA's rise.
However, it is worth noting that DOGE faces resistance at the top neckline on the left, which makes its performance relative to ADA appear somewhat weak. Nevertheless, this technical pattern still presents potential opportunities for traders, as similar structures may create multiple trading opportunities due to varying rates of rise and pullback.
From the perspective of the Bollinger Bands and the rising channel, the price of DOGE has pulled back to the middle band of the Bollinger Bands and the lower edge of the channel. If it can maintain its upward momentum this week, it is very likely to reach the upper edge of the channel and even challenge the high point of the left shoulder neckline.
The analysis at the daily chart level shows that DOGE is forming a head and shoulders bottom structure and has broken through the resistance at the neckline of 0.245. This breakout provides technical support for a mid-term rise. At the same time, the fixed volume distribution chart provides additional support in the POC (Point of Control) area, further enhancing the likelihood of an upward movement.
From a shorter-term 4-hour level, DOGE has completed a golden cross on the Vortex Indicator, while the right shoulder of the head and shoulders pattern has just retraced to above the Vortex curve. This provides a potential defensive position for medium-term traders, while short-term traders may consider appropriately adjusting their stop-loss positions.
In summary, the current technical aspects of DOGE show multiple positive signals, but investors still need to operate cautiously, closely monitor market changes, and manage risks appropriately.