Dogecoin's been quietly forming a cup and handle on the 12-hour chart, and the structure's actually holding up despite the broader correction. The cup bottomed near $0.08, rallied to $0.11, and now price is consolidating in the handle around $0.103. That support level has held through multiple tests, which suggests buyers are still active.

The breakout zone sits at $0.117. If price clears that level, the pattern projects a move to $0.18 — roughly 50% upside from current levels. The invalidation is $0.098. Drop below that and the structure weakens significantly.

On-chain metrics show something interesting. The Spent Coins Age Band collapsed by 64%, meaning short-term holders dumped their coins aggressively. But the Smart Money Index hasn't crossed below its signal line. That divergence — retail exiting while larger holders stay positioned — usually shows up near local bottoms, not tops.

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