According to @TATrader_Alan, Dogecoin (DOGE) is forming a double-bottom pattern on the daily chart with a price target of $0.50, based on his posted analysis and chart. Source: @TATrader_Alan on X, Aug 11, 2025. In classical technical analysis, double bottoms are typically confirmed by a breakout and close above the neckline, with the price objective estimated by projecting the pattern’s height above the breakout. Source: Thomas N. Bulkowski, Encyclopedia of Chart Patterns, 2nd ed. Traders often manage risk by placing invalidation below the most recent swing low, as a new low would negate the double-bottom structure. Source: Robert D. Edwards and John Magee, Technical Analysis of Stock Trends, 9th ed. This setup provides a defined target and clear risk point, a common framework for trade planning in crypto markets. Source: Martin J. Pring, Technical Analysis Explained, 5th ed.