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.
š 1. Technical breakout & chart patterns
DOGE has recently broken out of a long-term descending channel, forming a classic double-bottom patternāa strong reversal signal.
It also cleared the key $0.20ā$0.21 resistance zone, with onāchain data pointing to rising futures/open interest and reduced sell pressureĀ
āļø 2. Macro & regulatory tailwinds
The passage of the Genius Act in the U.S. House brought āclearācut regulationā for crypto, boosting confidence and driving DOGE higherārising ~8% on the newsĀ
Broader crypto bull sentimentāfueled by possible Fed rate cuts and favorable legislationāhas pushed altcoins like DOGE ahead this weekĀ
š§ 3. Onāchain & investor activity
Charts show increasing futures & spot trading volumes, along with expanding whale activity and holders staying profitableācollectively suggesting strong demand and low sell pressureĀ
Network usage is also up: wallet interactions and momentum have accelerated as DOGE crosses these technical thresholdsĀ
š¬ 4. Community & utility factors
Dogecoin maintains a vibrant community, boating meme-driven social capital, plus occasional celebrity mentions (e.g., Elon Musk), keeping public attentionĀ
Its growing real-world usage in tipping, payments (e.g., Shopify, AMC, Tesla merch), and even institutional productsālike the Grayscale Dogecoin Trustāadds fundamental backingĀ
#GENIUSAct #BinanceHODLerC #AltcoinBreakout #ETHBreakout3.5k #BinanceHODLerERA
