Eseandre Mordi
⬤ 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.
Eseandre Mordi
