DOGE Eyes Breakout as Cup and Handle Pattern Targets $0.154 Level

2026-01-09 14:58:41

⬤ Dogecoin is showing a potential cup and handle formation on the 4-hour timeframe, with all eyes on a critical technical level near $0.154. Breaking above this price would complete the pattern and signal a possible continuation move higher. The chart displays a rounded base followed by a controlled pullback—textbook characteristics of this classic setup.

⬤ The cup took shape after DOGE dropped toward the $0.12 region, then gradually recovered back into the mid-$0.15 area. This rounded structure shows a shift from selling pressure to accumulation. After hitting the cup’s upper edge near $0.155, price pulled back slightly to form the handle while holding above the $0.14 zone, which has been providing short-term support.

⬤ The handle phase looks contained, with price consolidating below resistance instead of breaking down sharply. This suggests downside momentum has faded while the market absorbs the recent rally. The $0.154 level marks the horizontal resistance that defines pattern completion. Until DOGE reclaims that level, it stays in consolidation mode with the formation technically unfinished.

DOGE-0,92%

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