- Dogecoin cup-and-handle pattern,is pointing to a potential breakout toward $0.25 and higher.
- The bullish structure is intact and the support is strong at $0.18.
- A rise in trading volume and narrowing volatility suggest that market interest is growing.
After consolidating near $0.095 Dogecoin (DOGE) is showing signs of a rebound. With strong support around $0.18 and rising volume, the coin looks ready to challenge resistance near $0.25 soon.
Indicators Signal a Bullish Shift
DOGEs price is approaching the apex and indicating a potential breakout. The ascending support line and descending resistance line have directed price movements in the past. A recent sharp wick reflects high volatility but confirms buyer support near $0.13–$0.15.
The neckline lies around $0.40 and is supported by a dynamic trendline. If DOGE maintains price above $0.07 on weekly closes, upward movement toward the neckline remains possible.
Technical tools add further context. The RSI is showing weak momentum. Both the Stochastic RSI and wave trend indicators suggest DOGE is oversold,and are hinting at a possible bounce soon. If the price breaks above $0.27, it could climb toward $0.43 .
Market Sentiment and Analyst Perspectives
After staying flat for a long time DOGE is showing signs of a comeback .If the price stays above $0.20, it could push toward $0.25 soon.
This cycle, DOGE has spent several months holding the ‘Superlochi’ cloud as support, which now looks like a solid base. Holding above $0.18 is key to keeping its current bullish trend alive.
Analyst Ghost said the parabolic arc pattern is still holding and believes DOGE could reach $1 this cycle. Another analyst, Ali Martinez, expects price targets of $0.29, $0.45, and possibly $0.86 after the recent fall below $0.20.
External Factors and Market Dynamics
Dogecoin’s price is still reacting to bigger market issues like trade tensions and economic news. Trader Tardigrade believes a double bottom pattern could be forming, but says a strong trigger is needed for the next big move. Possible events that could spark this include a Federal Reserve rate cut or progress in US-China trade talks.
Trading volume has been up and down lately, but there’s been more activity as DOGE approaches key price levels.The current range-bound movement indicates accumulation as traders prepare for a decisive price move. The narrowing Ichimoku Cloud also points to reduced volatility, setting the stage for potential momentum.
