Market

DOGE Holders Turn Bullish As Cup & Handle Pattern Forms

Dogecoin’s (DOGE) price has dropped over 57% from its December 8th high of $0.4843, but a potential bottom may be near. Rose Premium Signals suggests a bullish "Cup & Handle" pattern could be forming.

Haider Jamal
February 28, 2025

Cup & Handle Pattern

DOGE could dip one last time to the $0.16896 support zone, marking the base of a Cup & Handle pattern. The cup phase indicates market efforts to find a bottom, and the handle phase is a brief consolidation before a potential breakout.

Source: X @VIPRoseTr

A crucial level for DOGE’s next move is near $0.29124. If the price moves above this, it could confirm the Cup & Handle pattern and trigger upward momentum. Traders may see a close above this level as a confirmation signal for a rally.

Upside Potential

Rose Premium Signals suggests DOGE could rise to the $0.50 to $0.60 range if the pattern plays out. The analysis also hints that DOGE could go higher if positive sentiment grows.

While newer meme coins have gained attention, Dogecoin could regain its place as the top meme coin if the market shifts. A breakout with strong momentum could reignite interest in DOGE and push it toward higher levels.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.