- Ali Martinez predicts DOGE may form a double bottom pattern, signaling a potential rally.
- A break above $0.26 could push Dogecoin to the $0.46 mark.
- Altcoins are showing signs of decoupling from Bitcoin, adding fuel to the bullish case.
Ali Martinez, a well-known crypto analyst on X (formerly Twitter), is hinting that Dogecoin might be gearing up for a sharp move. Martinez, who often shares detailed chart insights with his followers, believes DOGE could be forming a double bottom pattern—a setup that usually signals a big trend reversal after a long drop.
According to Martinez, DOGE took a heavy hit between December and April, sliding steadily before showing faint signs of recovery. But now, if this pattern plays out, the coin could bounce back stronger. His target? If Dogecoin reclaims $0.26 as a firm support, it may have the momentum to push up toward $0.46.
Dogecoin Price Action
Since Monday, July 22, Dogecoin has shed over 20%, tumbling from $0.28 down to $0.22. Despite this correction, today’s trading shows a hint of green with DOGE climbing 3% and hovering around $0.2322. Martinez actually called for a potential breakout as early as July 17, and today’s small bounce could be the first sign of that move taking shape.
Meanwhile, the broader altcoin market is acting oddly. Even with Bitcoin slipping 3.4% in the past 24 hours (dropping briefly before recovering 1% back to $160,000), some major altcoins have been rising. Analysts say this might be the start of altcoins decoupling from Bitcoin, something we haven’t seen much of over the last year.
What Needs to Happen for DOGE to Hit $0.46
For DOGE to rally toward $0.46, Martinez says the price must first break back above $0.26 and hold that zone. This level would serve as a key launchpad for the next leg up. The pattern he’s tracking suggests that a confirmed double bottom could create strong bullish momentum, especially if trading volume spikes.
Right now, all eyes are on how DOGE behaves around the $0.23–$0.26 range. A clean move above this range could flip sentiment quickly, attracting both retail buyers and larger traders who’ve been waiting on the sidelines.
