Dogecoin Cup and Handle Pattern Sets Macro Target at $2.31
- Dogecoin's weekly chart indicates a potential long-term cup-and-handle pattern, suggesting significant upside potential.
- The "cup" traces a multi-year arc from the 2021 peak to a recovery in 2024, with key price levels marked by Fibonacci retracements.
- The "handle" formed a pullback in mid-2025, bottoming around $0.14 and rebounding towards $0.2646, a critical resistance level.
- If Dogecoin breaks above $0.4181, it may target higher levels like $0.5490, $0.7488, and potentially $2.3119.
- Support levels include $0.1919, $0.1391, and $0.0934; breaking below these could negate the pattern.
- The chart suggests a shift from distribution to accumulation, supported by a break of a long downtrend from 2021 through 2023.
- For confirmation, bulls need to overcome resistance at $0.26–$0.27, challenge $0.35–$0.42, and achieve a weekly breakout.
- Current DOGE price is approximately $0.225.
