Technical Bullish Pattern: Dogecoin is forming a "macro cup & Handle" pattern, historically signaling strong upside potential.
Resistance & Target Levels: A breakout above $0.38 could trigger a rally toward Trader Tardigrade’s ambitious $2.85 price target.
Current Market Snapshot: Despite recent low volatility and a 44% drop in volume, DOGE holds steady at $0.164 with a $24.58 market cap.
Dogecoin (DOGE) may be on the verge of a major price surge, as analysts spotlight a compelling long-term chart formation. According to prominent trader Trader Tardigrade, DOGE is exhibiting a "Macro Cup & Handle" pattern on the weekly chart, a historically bullish signal that suggests the potential for a powerful upward breakout.
The setup may open up a major rally, given that the trend has developed since the middle of 2021 and that there is a resistance point around the $0.38 mark. With market observers awaiting future action, a breakout can confirm an ambitious price goal of $2.85 as long-term investors turn an eye once more on the meme-traded cryptocurrency.
Macro Cup & Handle Pattern Builds Momentum
Trader Tardigrade believes that Dogecoin (DOGE) is still demonstrating a macro cup handle on the weekly chart, which is usually regarded as a bullish technical pattern in the cryptocurrency market. The chart shows a very clear cup formation established from the middle of 2021 up to the beginning of 2024 and a downward-slanting handle that reaches further into 2025. The handle indicates the consolidation following the rally, which is habitually followed by the breakout to the upside. The neckline resistance is located at about the level of $0.38, and the resolution of this handle can result in a bigger movement of the price.
https://twitter.com/TATrader_Alan/status/1937141001501680022
The bullish target of Trader Tardigrade on DOGE is at $2.85, which would present a massive rally to the current price range. Such a projection can be backed up by the historical price trend and technical analysis, so it shows how powerful the breakout can be proven to be. Holding a full pattern and with a cautious staircase trend, technical traders are keen on a breakout above the resistance line of the handle. In the event of that occurrence, the impetus may stamp this long-term bullish speculation and attract wider attention from investors towards DOGE.
Market Conditions Hold Steady Despite Volume Drop
Dogecoin (DOGE) is trading at $0.1640 as of June 25, reflecting no change over the past 24 hours despite notable intraday fluctuations. However, the meme-driven cryptocurrency had a rather unrepresentative but measurable price level within half a dollar, at about $0.1624-$0.167, which only in the short term showed the upward trend in the early morning hours.
Market capitalization remains steady at $24.58 billion, while the 24-hour trading volume has dropped sharply by 44.56% to $829 million, signaling waning investor activity. Despite the trading dip, Dogecoin's circulating and total supply remain fixed at 149.83 billion coins, with no maximum cap. The asset's 65% profile score suggests moderate community and market engagement.
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