TL;DR
DOGE confirmed a double top at $0.27, with bearish target matching the current $0.238 price zone.
Trendline retest around $0.24–$0.25 holds, keeping breakout structure intact with resistance near $0.30.
MVRV ratio rising but below peaks, suggesting DOGE remains mid-cycle with a target of $1.20.
Double Top Formation Raises Bearish Concerns
Dogecoin (DOGE) is trading at $0.24 after dropping 11% in the past 24 hours and 10% over the week. The decline follows a pattern flagged by analyst Merlijn The Trader, who said,
$DOGE IS FLASHING A TEXTBOOK DOUBLE TOP.
Bearish retest locked. Target sits at $0.238.
Don’t confuse noise with signal.
The chart is already telling the truth. pic.twitter.com/GJ32G2kniw
— Merlijn The Trader (@MerlijnTrader) September 21, 2025
Notably, the setup formed as DOGE failed twice to break higher, before sliding under the neckline near $0.27. A brief bounce back to that level was rejected, confirming the breakdown. Based on the measured move, the proje
We współpracy z: https://cryptopotato.com/dogecoin-breakdown-looms-double-top-pattern-flashes-red-alert/
