CUP & Handle type formation on DOGE, really believe this can run to $2 during alt season which has just started firing its engines ...
BTC.D finally looks toppy.
đ 1. Technical breakout & chart patterns
DOGE has recently broken out of a long-term descending channel, forming a classic double-bottom patternâa strong reversal signal.
It also cleared the key $0.20â$0.21 resistance zone, with onâchain data pointing to rising futures/open interest and reduced sell pressureÂ
âď¸ 2. Macro & regulatory tailwinds
The passage of the Genius Act in the U.S. House brought âclearâcut regulationâ for crypto, boosting confidence and driving DOGE higherârising ~8% on the newsÂ
Broader crypto bull sentimentâfueled by possible Fed rate cuts and favorable legislationâhas pushed altcoins like DOGE ahead this weekÂ
đ§ 3. Onâchain & investor activity
Charts show increasing futures & spot trading volumes, along with expanding whale activity and holders staying profitableâcollectively suggesting strong demand and low sell pressureÂ
Network usage is also up: wallet interactions and momentum have accelerated as DOGE crosses these technical thresholdsÂ
đŹ 4. Community & utility factors
Dogecoin maintains a vibrant community, boating meme-driven social capital, plus occasional celebrity mentions (e.g., Elon Musk), keeping public attentionÂ
Its growing real-world usage in tipping, payments (e.g., Shopify, AMC, Tesla merch), and even institutional productsâlike the Grayscale Dogecoin Trustâadds fundamental backingÂ
#GENIUSAct #BinanceHODLerC #AltcoinBreakout #ETHBreakout3.5k #BinanceHODLerERA