The post Analyst Predicts This Pattern Could Push Dogecoin Price Near $1 appeared on BitcoinEthereumNews.com.

Dogecoin forms a cup and handle pattern on the monthly chart, signaling a potential bullish continuation. Dogecoin price has shown signs of recovery after dipping to approximately $0.153 on April 20. At the time of reporting, the asset traded near $0.162, marking a 4.3% gain over the past 24 hours. Additionally, the broader 14-day performance reflects a notable 17.3% gain, indicating renewed bullish momentum since the earlier downward pressure. Dogecoin Cup and Handle Pattern Developing A recent technical analysis posted by TradingView user CobraVanguard has brought renewed focus to Dogecoin’s long-term chart structure. The analyst presented a potential “cup and handle” pattern forming on the monthly chart, a setup generally associated with bullish continuation.  Dogecoin Price Prediction | TradingView The cup began with Dogecoin’s parabolic rise toward $0.80, followed by a long, rounded correction phase between June 2021 and the first half of 2022. After bottoming out, the price gradually began forming the right side of the cup with a prolonged accumulation period. From the cup’s bottom at $0.0468, DOGE posted an increase of around $0.41546, or 733.06%, labeled as AB leg. Following this rise, a pullback emerged, signaling the beginning of a handle formation. According to the chart, if the pattern holds, another CD leg completing the previous one could lead Dogecoin to $0.88036. This would see Dogecoin surge by over 89% from the $0.468 resistance zone. Meanwhile, the OG meme coin would also surge approximately 443.44% from the current price to the analyst’s target. Deeper Pullback Before Rally? A separate outlook from TradingView analyst SwallowAcademy presented a more cautious scenario. Analyzing the DOGE/USDT daily chart, the analyst highlighted past volatility, including a rally to nearly $0.23 in early 2024, followed by a retracement to $0.09. Based on this, SwallowAcademy projected a 40% drop before DOGE would find strong support,…

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Filed under: News - @ April 21, 2025 8:28 pm