Dogecoin Cup And Handle Pattern Signals Recovery To $0.4, Here’s How
An analyst on TradingView presented a technical outlook that contrasts with prevailing market sentiment, suggesting that Dogecoin is still forming the cup phase of a cup and handle pattern rather than completing the handle as many believe. This alternative perspective frames the recent price movements not as a retest following a breakout, but as part […]
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Dogecoin (DOGE) is potentially forming cup and handle formation on the weekly chart. Crypto analyst David (@david_dogecoin) suggests that, if confirmed, Dogecoin could be targeting an ambitious price target of $4. Dogecoin Cup And Handle Pattern The first stage of this pattern, the cup, began taking shape when Dogecoin initially declined from its May 2021 all time high at $0.74. This downward movement led to an extended consolidation period, where the asset gradually formed a rounded bottom in the $0.05–$0.06 range. The curvature of the price action suggests a slow but steady shift in....
Prominent crypto analyst Gert Van Lagen has shared a positive market prediction hinting that the altseason may soon begin. Based on a fully formed bullish pattern, the Dutch market expert postulates that altcoins are on the edge of a market breakout. Related Reading: Ethereum Ready For Price Rally As STH Numbers Set To Cross 4 Million — Here’s Why Altcoin Market Tipped To $5.4 Trillion Valuation In Altseason The cup-and-handle is a classic bullish continuation pattern in technical analysis. It usually signifies an asset’s potential to continue rising after a period of consolidation.....
According to the analysis by ETHERNASYONAL, the current Dogecoin price chart is forming a clear pattern that could lead to a significant breakout. The price setup suggests that once the Dogecoin breaks past a key resistance level, a 600% rally could follow. If momentum continues to grow, Dogecoin might see a powerful rally that could send its value far above $1.5. Dogecoin Price Chart Shows A Classic Cup And Handle Pattern Forming ETHERNASYONAL’s analysis on X highlights that there is a clear Cup and Handle formation on the Dogecoin linear chart. Analysts see the formation as a classic....
The XRP price is getting ready for a significant pump, as a new Cup and Handle pattern has just formed on its chart. A crypto analyst who identified the pattern has released an analysis, predicting that XRP could rise to $3.35, marking a new local high for the cryptocurrency. Cup And Handle Pattern To Trigger […]
Technical indicators are pointing to a major breakdown of the Dogecoin price, as an analyst projects a decline to $0.2. This bearish prediction could be game over for Dogecoin, as the meme coin has formed a Double Top pattern, indicating that it may experience further downside pressure this quarter. Double Top Pattern Signals Dogecoin Price […]