Dogecoin Forms Explosive Cup And Handle Pattern With $4 Target

The cause of confidence

The strict editorial policy that focuses on accuracy, importance and impartiality

It was created by industry experts and carefully review

The highest standards in reports and publishing

The strict editorial policy that focuses on accuracy, importance and impartiality

Football price for lion and players soft. All Arcu Lorem, Intrimies, any children or, ulamcorper, hate football.

This article is also available in Spanish.

Dogecoin (Doge) is likely to create a cup and form a treatment on the weekly graph. David (David_dogoin) Suggest This, if confirmed, Dogecoin can target an ambitious goal of the price of $ 4.

Dukwin cup and handle style

The first phase of this style, The CUP, started to crystallize when Dogecoin initially decreased from its height in May 2021 all the time at $ 0.74. This descending movement led to an extended period of unification, as the origin gradually formed a round bottom in the range of 0.05 – 0.06 dollars. The curvature of the price procedure indicates a slow but fixed transformation in the market morale, as the pressure pressure has been absorbed gradually by buyers who accumulate Doge at lower levels.

With time, Dogecoin began recovering from this bottom, as it was declining to the highest level in December 2024 at $ 0.48. The gradual and fixed rise is due to these high signs that are adopted by the bullish momentum, with the interest of the market participants.

Related reading

After reaching the resistance level of $ 0.48, Dogecoin faced a rejection, which led to a moderate decline. This regression was formed, and it is a smaller decline to the bottom that precedes the ultimate end. The handle in this setting consists of the price area from 0.14 to $ 0.17, where the market is currently unified.

The handle is the last stage where the weakest hands come out, and the most powerful purchase of purchase is the most powerful before a decisive movement. If Dogecoin succeeds in getting out of the cup of the cup and the handle style, the expected goal can be estimated using the measured move technique. This includes calculating the depth of the cup and adding that value to the penetration point. Based on this method, the expected goal is about 4 dollars, according to the scheme shared by analyst Kevin.

Criticism: Why is this not a classic and contracting cup

A cup of textbooks and the handle requires specific structural properties, including the round bottom and a shallow handle, and it consists near a high resistance area at all before collapse. However, there are critical deviations in this analysis, which is doubtful.

Related reading

The decrease from $ 0.74 (May 2021 ATH) to $ 0.05 – $ 0.06 is very deep and long to consider the composition of a suitable cup. Classic cup patterns are usually formed over weeks to months, not years of extended downtown direction.
The recovery is from 0.05 – 0.06 dollars to $ 0.48 is not as a result of the initial decline, making the “round bottom” side of the cup doubtful. Instead, the price procedure is similar to the multi -year accumulation instead of a continuous approximation structure.

Moreover, the handle is deeply formed in the structure. The correct handle should develop near the edge (that is, approximately $ 0.48), but in this case, Dogecoin regains the way to the way to 0.14 – 0.17 dollars – a huge decrease of more than 65 % of the supposed cup edge. The healthy handle should not decrease to less than 50 % of the depth of the cup, but here, it is almost recovered to the lower third of the structure, which nullifies the classic style.

At the time of the press, Dog was traded at $ 0.17.