Dogecoin Price Analysis: Is $0.30 the Next Big Target for DOGE?
- Dogecoin forms a bullish cup-and-handle pattern with a target near $0.30.
- Bitcoin’s stability may be pushing capital into high-liquidity altcoins like DOGE.
- A drop under $0.25 could weaken the bullish setup, but momentum remains positive.
Dogecoin traders are glued to the 4-hour chart, where a classic cup-and-handle formation has been taking shape. This kind of pattern usually hints at upward continuation after a period of consolidation, and in DOGE’s case, the handle has already broken out to the upside. That break signals momentum may be picking up again, setting the stage for a stronger push higher.
DOGE Technical Setup Targets Key $0.30 Resistance
Trader Tardigrade was quick to highlight the pattern, noting the rounded bottom that formed through late September into early October. Price settled around $0.23 before climbing back toward $0.26, setting the base of the cup. The handle formed as a downward-sloping channel between $0.24 and $0.25, where DOGE consolidated before finally breaking upward. With momentum regaining around $0.26, the technical projection points toward $0.30—a price that also lines up with a psychological resistance level.
Market Conditions Support Dogecoin’s Upward Momentum
The wider crypto market context gives DOGE some tailwind here. Bitcoin has been stabilizing, which often frees up liquidity to flow into altcoins with high trading volume—Dogecoin being one of them. The consolidation phase also suggests that sellers may have already been flushed out, leaving more room for buyers to step in. That said, traders are watching the $0.25 zone carefully. A drop back under that level could weaken the bullish picture and signal another round of sideways action.
Dogecoin Price Prediction: Can Bulls Break Past $0.30?
Overall, the structure looks encouraging. With the handle breakout complete, momentum has tilted in favor of the bulls, and a retest of $0.30 seems like a reasonable short-term target. Whether DOGE can push through that barrier or stalls depends on whether buyers can sustain pressure in the coming sessions. Either way, the chart is lining up with cautious optimism that Dogecoin has more room to run.
The post Dogecoin Price Analysis: Is $0.30 the Next Big Target for DOGE? first appeared on BlockNews.
Читать больше
BTC Supply on Exchanges Shrinks While Bitcoin Pushes New All-Time High
Dogecoin Price Analysis: Is $0.30 the Next Big Target for DOGE?
- Dogecoin forms a bullish cup-and-handle pattern with a target near $0.30.
- Bitcoin’s stability may be pushing capital into high-liquidity altcoins like DOGE.
- A drop under $0.25 could weaken the bullish setup, but momentum remains positive.
Dogecoin traders are glued to the 4-hour chart, where a classic cup-and-handle formation has been taking shape. This kind of pattern usually hints at upward continuation after a period of consolidation, and in DOGE’s case, the handle has already broken out to the upside. That break signals momentum may be picking up again, setting the stage for a stronger push higher.
DOGE Technical Setup Targets Key $0.30 Resistance
Trader Tardigrade was quick to highlight the pattern, noting the rounded bottom that formed through late September into early October. Price settled around $0.23 before climbing back toward $0.26, setting the base of the cup. The handle formed as a downward-sloping channel between $0.24 and $0.25, where DOGE consolidated before finally breaking upward. With momentum regaining around $0.26, the technical projection points toward $0.30—a price that also lines up with a psychological resistance level.
Market Conditions Support Dogecoin’s Upward Momentum
The wider crypto market context gives DOGE some tailwind here. Bitcoin has been stabilizing, which often frees up liquidity to flow into altcoins with high trading volume—Dogecoin being one of them. The consolidation phase also suggests that sellers may have already been flushed out, leaving more room for buyers to step in. That said, traders are watching the $0.25 zone carefully. A drop back under that level could weaken the bullish picture and signal another round of sideways action.
Dogecoin Price Prediction: Can Bulls Break Past $0.30?
Overall, the structure looks encouraging. With the handle breakout complete, momentum has tilted in favor of the bulls, and a retest of $0.30 seems like a reasonable short-term target. Whether DOGE can push through that barrier or stalls depends on whether buyers can sustain pressure in the coming sessions. Either way, the chart is lining up with cautious optimism that Dogecoin has more room to run.
The post Dogecoin Price Analysis: Is $0.30 the Next Big Target for DOGE? first appeared on BlockNews.
Читать больше