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The popular memecoin Dogecoin 
$0.000316 (DOGE) garners attention with the “Adam and Eve” double bottom formation appearing on its weekly chart. Over the past week, the memecoin has risen by 6.69%, signaling a bullish trend supported by technical indicators and on-chain data. If the price surpasses the $0.56958 level, experts suggest that DOGE could climb to $1.08, nearly doubling the current price.
The Pathway to One Dollar: DOGE’s Technical Insights
Dogecoin’s price is completing a rare formation consisting of a rounded bottom (Eve) spanning from mid-2022 to late 2024 and a sharp V-shaped bottom (Adam) forming at the beginning of 2025. The “Adam and Eve” double bottom pattern typically signals the end of prolonged downtrends. A sustained breakout above the neckline at $0.56958 could trigger an 89% leap, making $1.08 the primary target.
For this formation to hold validity, a volume increase and a weekly close above the neckline are crucial. A similar scenario unfolded with Solana 
$143 (SOL) in October 2024, resulting in a robust rally after surpassing the $160 level. Dogecoin replicating such performance seems feasible, especially with the growing interest among major investors.
Massive Whale Activity Alters the Playing Field
On-chain data indicates that wallets holding between 100 million and 1 billion DOGE have acquired a staggering 3.61 billion coins since January 23, 2025. This aggressive accumulation suggests that large investors are fortifying their positions ahead of anticipated price movements. Historically, such maneuvers by whales have triggered sudden spikes in DOGE’s price.
The recent activity by whales coincided with a period where Dogecoin was consolidating around $0.228. This is interpreted as “smart money” preparing ahead of a potential breakout. Furthermore, the rising low levels during the Adam phase indicate increasing momentum, suggesting that buying pressure could spread among stakeholders.
