$DOGE
🚨DOGE’s Price Might Reach the $0.8 Mark as Technical Indicators Show Bullish Pattern🚨
Dogecoin is holding steady around $0.22 – up 68% from its November low but still 53% below its 2021 all-time high. While DOGE’s price action has been mostly sideways, analysts are eyeing a bullish cup and handle pattern on the weekly chart. If DOGE breaks above the neckline at $0.4522, it could rally to $0.8630 – a potential 295% gain from current levels.
The pattern is well-formed, with a rounded cup and a handle that dipped near $0.1295. Dogecoin traders are now watching for a breakout above the neckline, which could signal the start of a strong upward move for DOGE’s price.
Whale activity supports this bullish setup. On-chain data from Santiment shows wallets holding 100 million to 1 billion Dogecoin have increased their positions to 26.5 billion tokens, up from 22.8 billion in January – signaling rising confidence in DOGE’s price among large holders.
Dogecoin is also gaining attention beyond crypto. Its logo will feature on Devlin DeFrancesco’s IndyCar at the Indianapolis 500, helping raise Riley Children’s Foundation funds. Meanwhile, pending Dogecoin ETF applications from firms like Grayscale and Bitwise could bring institutional capital into play – strengthening the case for a breakout if bullish momentum continues for DOGE’s price.