$DOGE *Dogecoin has created what 
appears to be a ‘double bottom formation’ with both lows at $0.37 and a resistance at $0.47
*A breakout above the neckline at $0.47 may push the price up again to $0.55 and $0.60
1.Double Bottom Pattern and Key Resistance Levels Explained
The double bottom is a famous technical chart pattern which points at the reversal of a downtrend. In the case of Dogecoin, this pattern is visible on the 8-hour chart of the asset where two distinct lows were created at the $0.37 price point. The neckline, which can be referred to as the resistance level, has been located at $0.47. What has been observed is that when the price of an asset breaks above this neckline it is considered an indication that a rally by the buyers is on the way
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