Peter Smith
After months of sideways movement, Dogecoin is quietly building what could be its next major rally. The price chart shows a classic cup-and-handle formation—a pattern that often precedes strong upward moves.
Cup-and-Handle Pattern Signals Growing Strength
According to analyst Elite Crypto, DOGE is now in its accumulation phase, where patient buyers are building positions before a potential breakout. The setup suggests the next significant move might already be taking shape.
The weekly DOGE/USDT chart displays a textbook cup-and-handle pattern that's been developing since mid-2022. The cup represents Dogecoin's decline from its 2021 peak, followed by a steady recovery through 2023 and early 2024. The handle has formed as a tight consolidation box between $0.15 and $0.19, where accumulation appears to be happening.
This pattern typically indicates weakening selling pressure and buyers regaining control. A confirmed breakout above resistance could trigger a fresh rally toward the $0.50 target marked on the chart. The key technical levels to watch are: support in the $0.15–$0.18 accumulation range, a breakout trigger at $0.27–$0.30, and the projected target of $0.50 from the current price around $0.187.
If Dogecoin closes above $0.27–$0.30 on strong volume, it would confirm the breakout and signal that bulls have taken control.
Broader Context and Sentiment
Beyond technicals, sentiment around Dogecoin has been gradually improving. The broader crypto market has stabilized, and DOGE continues to benefit from strong community backing, payment integration experiments, and occasional boosts from high-profile social media mentions. This mix of steady accumulation, technical strength, and renewed optimism suggests traders are positioning for the next major move.
Crypto points out, any price action below $0.155 represents a strong long-term buying opportunity. This level has repeatedly acted as solid support during the handle's formation, showing that buyers are aggressively defending it. A sustained bounce from this zone would likely strengthen the bullish structure and set up DOGE for its next breakout attempt.
Peter Smith
