Victoria Bazir
⬤ Dogecoin is back on traders' radars after a classic continuation pattern showed up on the daily chart. DOGE carved out a clean cup formation and is now building the handle near the rim, setting up a potential breakout once resistance gets cleared.
⬤ The cup bottomed around $0.08 before DOGE rallied back toward $0.11, marking the rim of the pattern. Price then shifted into a tighter consolidation, forming the handle just below that prior resistance. It's a textbook setup: a rounded recovery followed by a brief pause near the highs. As analysts note, DOGE eyes breakout from the handle when price pushes through the upper boundary of that consolidation zone.
⬤ The handle here looks like a short, shallow consolidation rather than a deep pullback, with price holding close to the rim. That's actually a constructive sign. The key level to watch is the handle's resistance line, and the setup stays conditional until price confirms by breaking above it. Coverage around this pattern consistently points to the same idea: a cup and handle pattern on Dogecoin only signals continuation after resistance gives way.
⬤ A clean break above handle resistance would complete the structure and open the door to higher levels. Traders know that a cup and handle suggests continuation move only after price actually pushes through the upper boundary, so until that happens it's a waiting game. The core question is simple: does this consolidation resolve higher, or does it stall out? For now, the setup is intact and the chart is telling a constructive story, but confirmation is still needed before the pattern officially delivers.
Victoria Bazir
