Ok guys, let's dissect this delicious $DOGE chart to see if there’s anything interesting. $DOGE has always been the center of attention, and this technical chart is extremely convincing for a major price increase.
On the 1W time frame, $DOGE has completed the "Cup" part and is in the process of forming the "Handle" at the current price level. This is an extremely strong continuation pattern that often leads to a target high equal to the depth of the cup. The hard support area to watch is $0.08786. If the price breaks and closes above the current neckline (around $0.17 - $0.20), the potential target according to the pattern will be the historical resistance area $0.74867.
Fundamentally, $DOGE still maintains its position as the leading Meme Coin. The community is awaiting updates from the Dogecoin Foundation and especially positive signals from billionaire Elon Musk regarding the integration of $DOGE into platform X. This continues to bolster optimism about the utility and reputation of this coin.
The optimal strategy right now is to gradually accumulate at the current price range (around $0.15) or wait for confirmation of a breakout of the Handle to enter a medium-term Long position. Risks will be managed if the price closes below the support area of $0.087.
If you are holding any altcoins, just comment and I'll check the chart for you!
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