$DOGE is forming a cup-and-handle pattern – a classic bullish setup that often precedes major breakouts. After a long accumulation phase since its ATH in 2021, we’re seeing signs that momentum is building.
🔹 Current Market Overview:
💰 Price: $0.1935
📊 24H Trading Volume: $2.71B
📉 Weekly Change: -5.70%
📉 RSI: 34.74 (nearing oversold)
DOGE tested $0.24, then pulled back 19%, likely retesting the breakout zone. If it holds above $0.18-$0.19, we could see another push higher.
🎯 Key Resistance Levels:
🚧 $0.50 – Psychological barrier
🚧 $0.75 – Major resistance from 2021
🚀 $1.00 – Price discovery phase?
🔥 Meanwhile, Bitwise just filed for a Dogecoin ETF, sparking fresh speculation. Could institutional demand be the catalyst for the next rally? Some analysts even eye $5.00 long term.
📢 What’s your take? Will DOGE break out, or is this just another fakeout? Drop your thoughts below! 👇💬
📊 WhiteBIT Chart: DOGE/USDT (1D)