Dogecoin Slips 3% Today (Oct 17): Is the Double Bottom Signaling a Bull Run Ahead?

Jakarta, Pintu News – Dogecoin (DOGE) price is showing signs of renewed strength after bouncing off a crucial support area. There is a double bottom pattern showing a potential trend reversal on the daily chart.

Meanwhile, Dogecoin’s growing real-world adoption is also shaping market sentiment. Thumzup Media’s recent announcement of a DOGE integration further reinforces optimism towards Dogecoin’s usefulness as a means of payment and its recognition in the mainstream.

So, how is the Dogecoin price moving today?

Dogecoin Price Drops 3.30% in 24 Hours

On October 17, 2025, Dogecoin’s price fell by 3.30% over the past 24 hours, trading at $0.1901 — approximately IDR 3,161. During this period, DOGE fluctuated between IDR 3,344 and IDR 3,074.

At the time of writing, Dogecoin holds a market capitalization of around IDR 477.98 trillion, with a 24-hour trading volume of approximately IDR 53.71 trillion.

Read also: Ethereum Price Drops to $3,900 Today as Bullish Divergence Forms Amid Exchange Outflows

Dogecoin Price Action: Double Bottom Pattern Signals a Switch to a Bullish Trend

According to a Coingape report (16/10), the Dogecoin price has formed a strong double bottom pattern around the $0.18 support zone, signaling a potential bullish trend reversal after the previous decline.

Currently, Dogecoin’s market price stands at $0.197, holding above short-term support as buying interest gradually increases.

If there is a clear breakout above the $0.24 level, this could trigger a gradual rise towards the next resistance at $0.27, then $0.30. If the momentum continues, DOGE has a chance to retest the key resistance at $0.40, which is the next big supply zone.

Meanwhile, the consistent higher low pattern since early October indicates that market confidence is recovering. This structure reflects a change in sentiment, where traders are starting to prepare for the continuation of the uptrend.

However, maintaining a price movement above $0.19 remains key to confirming this bullish formation. Therefore, Dogecoin’s long-term price projections remain optimistic, supported by an improving technical structure, active accumulation, and increased investor confidence in the long-term recovery potential of this meme coin.

Read also: Dogecoin Holders Are Buying the Dip — But Is the $1.60 Target by 2026 Within Reach?

Thumzup Integration Strengthens Dogecoin’s Real-World Adoption

Thumzup Media, a company with ties to Trump, recently confirmed plans to integrate DOGE payments into its rewards platform for influencers.

This move allows creators around the world to receive payments in the form of Dogecoin, which can reduce barriers and speed up the cross-border transaction process.

CEO Robert Steele emphasized that the integration supports fast and low-cost transactions, perfect for microreward systems. The company also expects increased efficiency and scalability after the update is rolled out.

In addition, Thumzup’s internal research shows that Dogecoin’s network design is ideal for direct payments to creators.

The rollout of this integration will be gradual as the company finalizes the technical and legal compliance processes. The developers also believe that this expansion will improve user satisfaction while expanding Dogecoin’s practical reach.

As such, the Thumzup initiative is an important milestone in Dogecoin’s transition from a meme to a functional payment asset.

In conclusion, Dogecoin’s price recovery through the double bottom pattern and Thumzup integration creates a strong foundation for further upside potential. Technical and utility factors support each other in strengthening investors’ confidence in this coin.

As long as DOGE is able to hold above key demand levels, a path towards $0.30 to $0.40 remains realistic. Overall, these developments confirm the positive long-term recovery prospects for Dogecoin.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Dogecoin Eyes $0.40 Rally as Thumzup Integration Boosts Utility. Accessed on October 17, 2025