Dogecoin Holds $0.15 as Three Drives Pattern Emerges — Is the Bottom Near?
Dogecoin (DOGE) continues to trade around the $0.15 mark as chart watchers note a Three Drives reversal pattern taking shape. The formation — characterized by a sequence of measured drive legs and retracements — is often interpreted as a bullish setup if the final drive completes and price breaks above recent swing resistance. Traders are monitoring breakout levels and volume to judge whether the pattern will trigger a meaningful rebound.
Why it matters: a confirmed reversal here could signal a short-term bottom for DOGE and attract buyers after recent consolidation, but patterns can fail. Broader market momentum, Bitcoin correlation, and on-chain flow will affect outcomes, so risk management remains essential. Watch for a decisive close above the nearest resistance and rising volume as the clearest signs the Three Drives setup is playing out.