Dogecoin Cup And Handle Emerges

Dogecoin Cup And Handle Emerges – Rally Ahead?

In Brief

• DOGE forming cup-and-handle near $0.11 resistance.
• Breakout could trigger bullish momentum and volatility.
• Pattern unconfirmed until strong move above handle.

Dogecoin may be setting up for a potential breakout, according to a new chart that points to a developing cup and handle pattern on the daily timeframe, a classic bullish formation that traders often associate with continuation rallies. If confirmed, the setup could signal a stronger move higher for DOGE in the coming weeks.

What The Chart Shows

According to the analysis by Trader Tardigrade on February 18, the cup bottom formed near $0.08, and then the price then rallied toward $0.11 resistance. DOGE is now building the handle phase. This structure typically forms after a rounded bottom followed by a shallow consolidation, creating the ‘handle.’

*Dogecoin cup and handle formation. Source:* *Trader Tardigrade/X*

The cup and handle is one of the most widely recognized technical patterns in traditional markets and crypto. In simple terms, the cup shows recovery and accumulation, the handle reflects short-term consolidation, and a breakout above resistance can trigger momentum buying.

Many traders view it as a sign that sellers are weakening as buyers slowly regain control.

For this setup, the most important area is the handle resistance zone near the rim of the cup. A confirmed breakout would typically require strong daily closes above resistance, increasing volume, and follow-through momentum. Without those elements, patterns can fail or take longer to play out.

What It Means For DOGE Holders

If the structure holds, a breakout could reinforce bullish sentiment around DOGE, attract momentum traders, increase volatility, and push the price toward new local highs. However, consolidation phases can also drag on longer than expected, especially in uncertain market conditions.

It’s important to note that cup and handle formations can fail if broader crypto industry sentiment weakens, volume stays low, and the price loses the handle support zone. So, until a breakout is confirmed, the pattern remains a developing setup as opposed to a completed signal.

For the time being, Dogecoin is changing hands at the price of $0.09981, down 0.4% in the last 24 hours, gaining 11.6% across the past seven days, and accumulating a drop of 22.1% over the last month, per the latest chart information.

*Dogecoin price 7-day chart. Source:* *CoinGecko*

The Bottom Line

A cup and handle formation on Dogecoin is catching traders’ attention, but confirmation still depends on a breakout above resistance. For now, DOGE appears to be in a decision phase, either validating a bullish continuation or extending consolidation. The next move may depend on whether buyers can push price decisively above the handle.