⬤ Dogecoin is showing a potential cup and handle formation on the 4-hour timeframe, with all eyes on a critical technical level near $0.154. Breaking above this price would complete the pattern and signal a possible continuation move higher. The chart displays a rounded base followed by a controlled pullback—textbook characteristics of this classic setup.
⬤ The cup took shape after DOGE dropped toward the $0.12 region, then gradually recovered back into the mid-$0.15 area. This rounded structure shows a shift from selling pressure to accumulation. After hitting the cup’s upper edge near $0.155, price pulled back slightly to form the handle while holding above the $0.14 zone, which has been providing short-term support.
⬤ The handle phase looks contained, with price consolidating below resistance instead of breaking down sharply. This suggests downside momentum has faded while the market absorbs the recent rally. The $0.154 level marks the horizontal resistance that defines pattern completion. Until DOGE reclaims that level, it stays in consolidation mode with the formation technically unfinished.
DOGE Eyes Breakout as Cup and Handle Pattern Targets $0.154 Level
⬤ Dogecoin is showing a potential cup and handle formation on the 4-hour timeframe, with all eyes on a critical technical level near $0.154. Breaking above this price would complete the pattern and signal a possible continuation move higher. The chart displays a rounded base followed by a controlled pullback—textbook characteristics of this classic setup.
⬤ The cup took shape after DOGE dropped toward the $0.12 region, then gradually recovered back into the mid-$0.15 area. This rounded structure shows a shift from selling pressure to accumulation. After hitting the cup’s upper edge near $0.155, price pulled back slightly to form the handle while holding above the $0.14 zone, which has been providing short-term support.
⬤ The handle phase looks contained, with price consolidating below resistance instead of breaking down sharply. This suggests downside momentum has faded while the market absorbs the recent rally. The $0.154 level marks the horizontal resistance that defines pattern completion. Until DOGE reclaims that level, it stays in consolidation mode with the formation technically unfinished.