Skip to content
Crypto News Focus logo CNF_CRYPTO_NEWS_FOCUS_LOGO 8

Crypto News Focus

your day to day crypto news site

Primary Menu
  • Home
  • News
    • Bitcoin News
    • Ripple XRP news
    • Ethereum News
    • Cardano News
    • Shiba Inu News
    • Pi Network News
    • More
  • Analysis
  • PR Desk
  • About Us
  • General Policy & Privacy
  • Guides
    • Bitcoin Guides
    • Pi Network Guide
    • Cardano Guide
  • Politics
  • Tech
  • Home
  • News
  • Dogecoin Price Rallies But is it Still in the Cup Phase? Analyst Predicts Recovery to $0.40
  • Analysis
  • News

Dogecoin Price Rallies But is it Still in the Cup Phase? Analyst Predicts Recovery to $0.40

Cal Evans 28 March 2025
dogecoin on marbles
  • The article discusses a technical analysis suggesting that Dogecoin is still in the cup phase of a cup and handle pattern, contrary to popular belief that the handle phase has begun.
  • This interpretation points to continued accumulation and a potential price surge toward $0.4, with a confirmed breakout above $0.48 signaling a bullish continuation.

Dogecoin, the popular meme-inspired cryptocurrency, is showing signs of a potential breakout as it forms a classic technical pattern known as the “cup and handle.” While many traders believe the handle phase is already underway, a fresh perspective suggests the cup formation is still in progress. This unique interpretation could set the stage for significant gains in the coming months.

The Cup and Handle Pattern: A Bullish Signal

The cup and handle pattern is a bullish continuation pattern often observed in technical analysis. It begins with a rounded bottom (the cup), followed by a slight dip or consolidation phase (the handle) before a breakout surge. For Dogecoin, this pattern has been developing since its 2021 peak, with the current phase suggesting the cup formation is not yet complete.

Alternative Perspective: Cup Formation Still Unfolding

An analyst on TradingView challenges the prevailing belief that Dogecoin is already in the handle phase. Instead, they argue the cryptocurrency is still forming the latter stages of the cup, with no confirmed handle formation. This outlook points to a prolonged consolidation phase where buyers are accumulating positions, preparing for a potential breakout.

According to this analysis, the resistance zone around $0.48 is not the neckline of a completed pattern but rather a critical point within the cup structure. A move towards $0.4 would signal continued progress within the pattern, setting the stage for the eventual handle phase.

Accumulation Phase Could Drive Prices Higher

If this interpretation holds, Dogecoin’s price could climb steadily towards $0.4 as buyers accumulate, building momentum for a future breakout. A confirmed rally above $0.48 would validate the cup and handle pattern, paving the way for potential highs above $0.5. This scenario would align with the pattern’s typical behavior, where the handle formation precedes a significant upward movement.

Eyes on Key Resistance Levels

Eyes on Key Resistance Levels At the time of writing, Dogecoin is trading around $0.1967. It faces short-term resistance at $0.2. However, a decisive move above $0.4 would indicate strength, while a breakout beyond $0.48 would confirm the bullish continuation. As the market awaits validation, traders are closely monitoring these key levels.

While the debate over the pattern’s current phase continues, the technical outlook remains optimistic. If the cup and handle pattern plays out as expected, Dogecoin could experience a substantial rally. Investors should keep an eye on price movements in the coming weeks as the setup nears a critical point.

Continue Reading

Previous: PI Coin Drops Below $0.86 Support After 200% Prediction – Can Pi Network Reclaim a Top 10 Spot?
Next: Analysts Warn Trump Tariffs Saga Could Trigger 40% Drop in XRP Price – How?

Related Stories

Ripple XRP on BLUE
  • News

Ripple Pushes New Crypto Rules to Limit SEC’s Power

Cal Evans 30 May 2025
Tron TRX coin
  • Analysis

Tron Flips Cardano in Market Cap as TRX Eyes $0.30 — But Trouble Looms

Sean Williams 30 May 2025
dogecoin on marbles
  • Analysis

Dogecoin Drops 10% as Traders Eye Rebound from Soaring Volume

vivian 30 May 2025

For general inquiries, please email us at Info@cryptonewsfocus.com

Crypto news focus is your day-to-day crypto news site. Get all the latest News and trends in the crypto, blockchain, and DeFi space. For more info and inquiries, reach out via email at info@cryptonewsfocus.com

You may have missed

Ripple XRP on BLUE
  • News

Ripple Pushes New Crypto Rules to Limit SEC’s Power

Cal Evans 30 May 2025
Tron TRX coin
  • Analysis

Tron Flips Cardano in Market Cap as TRX Eyes $0.30 — But Trouble Looms

Sean Williams 30 May 2025
dogecoin on marbles
  • Analysis

Dogecoin Drops 10% as Traders Eye Rebound from Soaring Volume

vivian 30 May 2025
PEPE COIN IMAGE
  • Analysis

PEPE Eyes New Highs in June Backed by Strong Whale Accumulation

Jane Kariuki 30 May 2025

Social Media

Crypto News Focus © All rights reserved | MoreNews by AF themes.
Go to mobile version
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok