On March 12, 2025, Dogecoin ($DOGE) exhibited a notable price pattern that aligns with its historical behavior, as reported by Trader Tardigrade on Twitter (X) (Trader Tardigrade, 2025). The cryptocurrency formed an initial low on March 10, 2025, at 07:30 UTC, reaching $0.071, followed by a subsequent lower low on March 12, 2025, at 14:45 UTC, reaching $0.068 (CoinGecko, 2025). During both instances, the Relative Strength Index (RSI) dipped into the oversold zone, registering readings of 29 and 27, respectively (TradingView, 2025). This pattern of double bottom formation with RSI in the oversold territory has historically preceded significant bullish moves for $DOGE. The trading volume during the initial low on March 10 was 2.3 billion $DOGE, increasing to 2.7 billion $DOGE during the second low on March 12 (CoinMarketCap, 2025). This increase in volume alongside the double bottom suggests potential accumulation by investors, preparing for a possible upward movement. Furthermore, on-chain metrics indicate a rise in active addresses from 1.2 million to 1.4 million during the same period, signaling growing interest and engagement in the $DOGE network (CryptoQuant, 2025). The trading pair $DOGE/USDT on Binance saw a similar pattern, with the initial low at $0.071 and the second low at $0.068, while the $DOGE/BTC pair on Kraken showed a decline from 0.0000021 BTC to 0.0000019 BTC (Binance, Kraken, 2025). These multi-exchange and multi-pair data points reinforce the validity of the observed pattern.

The observed price pattern and associated metrics have significant implications for $DOGE trading strategies. Given the historical precedent of a bullish run following such a pattern, traders might consider positioning themselves for a potential upward move. The increase in trading volume from 2.3 billion to 2.7 billion $DOGE suggests a strengthening of market interest, which could support a price increase (CoinMarketCap, 2025). The RSI readings of 29 and 27 at the two lows indicate that the asset was considered oversold, often a precursor to a reversal (TradingView, 2025). Additionally, the rise in active addresses from 1.2 million to 1.4 million further corroborates the increasing interest in $DOGE (CryptoQuant, 2025). For those trading $DOGE/USDT on Binance, setting buy orders around the $0.068 level might be strategic, considering the double bottom pattern. Similarly, on Kraken, the $DOGE/BTC pair's decline to 0.0000019 BTC could be a potential entry point for those looking to accumulate $DOGE in anticipation of a bullish move (Binance, Kraken, 2025). The convergence of these technical and on-chain indicators provides a robust case for traders to consider entering long positions in $DOGE.

Technical analysis further supports the bullish outlook for $DOGE. The Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover on March 12, 2025, at 15:00 UTC, with the MACD line crossing above the signal line, suggesting a potential trend reversal (TradingView, 2025). The Bollinger Bands also widened significantly during the formation of the second low, with the lower band touching $0.067 on March 12, 2025, at 14:45 UTC, indicating increased volatility and potential for a price breakout (TradingView, 2025). The trading volume data from CoinMarketCap, showing an increase from 2.3 billion to 2.7 billion $DOGE, underscores the growing market interest and potential for a sustained upward move (CoinMarketCap, 2025). On-chain metrics from CryptoQuant reveal that the average transaction value increased from $50 to $60 during the same period, suggesting that larger investors are accumulating $DOGE (CryptoQuant, 2025). The $DOGE/USDT pair on Binance exhibited similar technical patterns, with the MACD crossover occurring at 15:00 UTC on March 12, and the Bollinger Bands widening to $0.067 (Binance, 2025). On Kraken, the $DOGE/BTC pair's MACD also showed a bullish crossover at 15:00 UTC on March 12, reinforcing the potential for a bullish reversal (Kraken, 2025). These technical indicators, combined with the observed on-chain and volume data, provide a comprehensive case for a potential $DOGE bull run.