Dogecoin (DOGE), the meme-inspired cryptocurrency created in 2013 by software engineers Billy Markus and Jackson Palmer, is showing a potential weekly double-bottom pattern, a formation that analysts read as evidence of buyer support and a possible reversal in the DOGE price if its neckline breaks. At the same time, Robinhood's expansion into the European Union is providing regulated access to DOGE, a move that could boost liquidity, market visibility, and mainstream adoption despite ongoing short-term volatility.

At the time of writing, DOGE is trading at $0.09272 with a 24-hour trading volume of $1.6 million and a market capitalization of $15.8 billion, according to CoinMarketCap — a valuation that keeps it among the largest cryptocurrencies by market value. Following the 2.74% gain over the last 24 hours, the report points to the Dogecoin price structure and whale accumulation as the factors behind expectations of a bullish reversal ahead. Whale accumulation — sustained buying by large wallet holders — is commonly tracked through on-chain data as a gauge of positioning among bigger investors, though such flows do not guarantee price direction.

Dogecoin Price Setup Hints at Major Reversal Ahead

According to the crypto analyst Trader Tardigrade, the DOGE price is showing a potentially bullish structure on its weekly chart as a double-bottom pattern continues to develop (Trader Tardigrade's X post).

A double bottom is a classic technical-analysis formation in which price tests a support level twice without recording a lower low, a structure chartists interpret as a sign that selling pressure is fading; by convention, the pattern is treated as confirmed only once price clears the neckline between the two troughs. The formation suggests buyers may be attempting to establish a stronger base following previous weakness. While another short-term decline remains possible, the broader setup could still favor a reversal if DOGE successfully defends the developing second low.

Confirmation for the continuation of the current trend would come from a break of the formation's neckline at $0.40, which would indicate a resumption of buying and strengthen expectations for a future move above the $5 resistance level — a level that sits well above the coin's all-time high of roughly $0.73, reached during the May 2021 rally. In the meantime, the DOGE price can continue moving within the framework of the pattern formation until the support level is broken.

Dogecoin Expands Reach Across the EU

Data highlighted by dogegod noted that Dogecoin has received another boost in accessibility to the mainstream market following the move by Robinhood to include DOGE on its crypto exchange in Europe. The decision ensures that those qualified to use Robinhood's crypto platform in the European Union now have another legal means of accessing Dogecoin.

Dogecoin is now supported by Robinhood in the E.U. Huge move. pic.twitter.com/eQS3BSas17
— dogegod (@dogegod) August 19, 2026

(dogegod's X post)

The listing builds on groundwork Robinhood has laid over several years: the brokerage has offered DOGE trading to its US customers since 2018, and it began rolling out its dedicated crypto app to EU customers in late 2023. Crypto trading in the bloc now falls under the EU's Markets in Crypto-Assets Regulation (MiCA), a harmonized rulebook that took full effect across member states at the end of 2024 and is designed to let licensed platforms passport their services across the single market.

The addition helps Dogecoin continue expanding its footprint across existing financial institutions, possibly paving the way for greater adoption in the future. Although having a new platform is no assurance of an imminent rise in price, increased accessibility can result in better liquidity and more participation from investors. Following the bullish price predictions and network expansion, the DOGE price is moving in an upward direction, a move the report also links to the general trend in the crypto market as Bitcoin has started to move upward — a dynamic frequently observed across large-cap altcoins, which have historically tended to move in step with Bitcoin's broader direction.

What Comes Next?

Traders will keep track of whether the DOGE price successfully defends its support level to confirm the formation of a double-bottom pattern, or whether it fails under selling pressure. A breakout above the neckline is required, according to the analysis, to affirm the change from a bearish to a bullish trend. Until such a breakout or a breakdown occurs, DOGE is expected to keep trading within the boundaries of the developing formation.

Source: Tron Weekly

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always do your own research. Not financial advice.