Dogecoin Forms Adam and Eve Pattern with Price Target of $0.3008
The 12-hour chart for Dogecoin (DOGE) shows an Adam and Eve double-bottom pattern forming since early August. Key points include:
- The left trough (“Adam”) reached a swing low at $0.18864.
- The second trough (“Eve”) established a rounded base between $0.20 and $0.21, aligning with Fibonacci retracement levels of $0.19976 and $0.20836.
- The neckline of the pattern is near the 0.618 Fibonacci retracement at $0.24473.
- DOGE recently tested this neckline but has not conclusively broken through, trading around $0.241.
- The projected price target from this pattern is approximately $0.30082, supported by Fibonacci extensions at $0.28746, $0.32236, $0.34223, and $0.37294.
- Immediate resistance is at $0.24473; support levels are at $0.23287, $0.22157, $0.20836, $0.19976, and $0.18864.
Currently, DOGE trades at $0.24.
