Dogecoin Cup and Handle Pattern Eyes $0.11 Breakout After Bounce From $0.078

2026-02-21 07:34:15

⬤ Dogecoin is getting fresh attention from chart watchers after a classic cup and handle pattern showed up on the daily timeframe. DOGE etched a rounded cup base and is now shaping the handle portion — a formation that traders typically treat as a bullish setup ahead of a potential breakout. Both components are clearly visible, with the cup covering a multi-session rounded bottom and the handle forming just under recent highs.

⬤ The chart shows DOGE dropping from early February levels above $0.11, carving out a rounded low near the $0.078-$0.080 zone, then rebounding sharply back toward $0.115 to complete the right side of the cup. After that surge, price pulled back mildly around $0.10, building the handle. This lines up with what analysts have described as a developing cup and handle structure with resistance near $0.11, where the cup’s rim becomes the key technical threshold to watch.

⬤ During the handle phase, daily candles have gotten smaller and more compressed compared to the strong rally that formed the cup’s right wall. That shift suggests consolidation rather than fresh selling. The pattern also fits with setups where a descending trendline break followed by a successful retest helps confirm that bulls are holding their ground before a continuation push.

⬤ The next key test is whether Dogecoin can reclaim and hold above the $0.11 rim area to confirm the full pattern. A sustained break above that level would be a technical green light, while stalling short would keep DOGE stuck within the handle. Broader analysis has placed this setup within a long consolidation phase pointing toward a potential $0.14 to $0.18 target zone, suggesting that a confirmed breakout could meaningfully shift near-term sentiment.

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