According to @TATrader_Alan, Dogecoin (DOGE) has formed a double bottom on the 8-hour chart, indicating current price action is in consolidation with a potential bullish setup, based on an August 17, 2025 post that includes a chart; source: @TATrader_Alan on X, Aug 17, 2025. Confirmation for this pattern typically comes on a decisive breakout above the neckline with rising volume, with targets often estimated by the height of the pattern (measured move), which traders use to plan entries and exits; source: Investopedia, Double Bottom. Until the neckline breaks, the setup remains unconfirmed and can fail if price undercuts the recent troughs, so risk is commonly managed with invalidation below the lows; source: Investopedia, Double Bottom.