DOGE Taps Local Bottom, Analysts Predict Upward Move

Two analysts, Crypto GVR and Krisspax, believe that Dogecoin (DOGE) has reached its local bottom in July 2026 due to a recent price drop. According to CoinMarketCap data, DOGE's price has decreased by 30% between June 1 and June 29.

The analysts point out that the current price of $0.073 is on the verge of reversing from a downtrend to an uptrend after dropping to the range between $0.06 and $0.08. Crypto GVR notes that this drop would complete a double-bottom pattern, paving the way for an upward move to between $0.15 and $0.20.

Krisspax shares the same outlook, stating that DOGE has dropped to test its support at the June 5 low of $0.70 and formed a double bottom pattern.