Dogecoin could be setting up for another explosive run. Analysts are starting to notice a familiar pattern on the charts, one that’s appeared before every major DOGE rally in the past.
Crypto analyst Elite Crypto shared a DOGE chart showing a clear cup and handle pattern, one of the strongest bullish signals in technical analysis. Every time Dogecoin has formed this pattern, it’s followed by a massive move to the upside.
Elite Crypto pointed out that anything under $0.155 looks like a strong accumulation zone for spot buyers getting ready for the next push higher.
Read Also: Is Dogecoin (DOGE) Price About to Explode? Here Are the Key Levels to Watch
Cup and Handle Points to a $0.50 DOGE Breakout
Looking at the weekly chart, Dogecoin long-term structure tells the story. The left side of the cup formed during the 2021 peak and extended through the long bear market that followed.
The rounded bottom shows where the market started to stabilize, while the handle, the final short-term consolidation, is forming now between $0.15 and $0.20.
@TheEliteCrypto
This setup has historically marked the calm before Dogecoin’s biggest breakouts. Once DOGE price breaks the neckline near $0.30, technical targets point toward $0.50.
Elite Crypto described this pattern as “a breakout pattern waiting to unfold,” and it’s hard to argue with that. The market structure, RSI levels, and steady accumulation all support that view.
Dogecoin Price Accumulation Looks Strong Beneath the Surface
DOGE price might look quiet, but the base building under $0.20 is anything but random. Over the last few months, DOGE has retested the same support levels multiple times, and each time, buyers have stepped in.
That’s a classic sign of accumulation. The DOGE chart looks similar to the structure that formed before Dogecoin’s explosive run in 2021. The longer this base holds, the stronger the eventual breakout tends to be.
Volume also supports the idea that long-term holders are quietly loading up. On the higher timeframes, the next clear resistance zone doesn’t really appear until around $0.50, giving DOGE plenty of room to run once momentum shifts.
Analyst believes DOGE Price could reach $1 sooner than expected
Trader Mags added fuel to the discussion with a bold take: “$DOGE is going to $1 sooner than you think.”
That might sound ambitious, but it’s not unrealistic. If the current pattern plays out, Dogecoin price could first make a run toward $0.30, then $0.50, and possibly beyond as market sentiment improves.
@thescalpingpro
It wouldn’t be the first time DOGE has defied expectations. With meme coins heating up again and retail interest quietly building, the setup feels eerily similar to how things looked before its last parabolic move.
DOGE Looks Ready for a Breakout
After months of sideways trading, the DOGE chart is starting to look alive again. The cup and handle formation, combined with consistent accumulation under $0.20, is giving off strong bullish vibes.
As long as Dogecoin price holds above $0.15, the structure stays intact. A clean breakout above $0.30 could trigger a run toward $0.50, with some analysts already setting their sights on the $1 mark next.
It’s been quiet for a while, but Dogecoin might be getting ready to remind everyone why it still leads the meme coin movement.
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