Dogecoin Cup And Handle Pattern Is Returning, What Happens To Price If It’s Completed?
Overview
A Dogecoin cup and handle pattern has re-emerged on the charts, suggesting a potential recovery trend for the cryptocurrency. This pattern was highlighted by a crypto analyst, indicating a possible reversal for Dogecoin as trading continues in a bearish market.
Understanding the Dogecoin Macro Cup and Handle Pattern
The macro cup and handle pattern for Dogecoin has been in formation for several years, dating back to 2021. During this period, Dogecoin experienced a significant rally that marked a 36,000% increase, propelling it to new all-time highs. This surge was characterized by a strong pole and flag rally, which ultimately led to the establishment of a long-term cup and handle pattern.
The cup portion of this pattern has been forming since 2021, signifying long-term accumulation for Dogecoin. Currently, the analyst notes that the cup has been completed, and the focus has shifted to the handle portion, which is now in development. At this stage, Dogecoin’s price is trading within a descending handle, a formation that historically precedes bullish price breakouts.
The Potential for Bullish Price Movement
With the handle pattern underway, the next step is the potential breakout from this descending handle, which could signal the beginning of an upward trend for Dogecoin. The analyst emphasizes that this bullish handle could lead to a prolonged breakout phase lasting multiple years. This long-term expansion may drive Dogecoin’s price toward its previous all-time highs, which were established in 2021.
While the specifics of potential price increases are not detailed, it is suggested that the completion of the cup and handle pattern could lead to significant upward movement, with targets mentioned for various price levels.
Impact on the Crypto Market
- The emergence of the cup and handle pattern may influence trader sentiment around Dogecoin.
- A potential breakout could attract more investors to the meme coin, impacting its trading volume.
- Long-term bullish trends may lead to increased interest in Dogecoin as a speculative investment.
- The formation of this pattern could serve as a signal for other cryptocurrencies that share similar chart patterns.
- Overall market sentiment may shift if Dogecoin successfully completes the bullish trend, potentially affecting broader cryptocurrency trends.
Updated: 11/18/2025, 8:32:07 AM
