Key Insights:
- •Dogecoin price formed a months-long cup-and-handle that targeted higher levels.
- •A rising daily channel kept higher lows intact while resistance sat near $0.30–$0.31.
- •At the time of writing, Dogecoin price was around $0.26 after a 21% monthly gain.
Two widely followed analysts on X outlined bullish technical structures for Dogecoin (DOGE) across monthly and daily timeframes.
They pointed to a long-forming cup-and-handle and a steady rising channel that together framed clear invalidation and breakout levels.
At the time of writing, Dogecoin price was around $0.26, having risen 2.8% in the past 24 hours, nearly 15% over the past week, and 21% over the past month.
Momentum gauges such as RSI were rising but not overbought. Could a decisive close over $0.40 confirm the larger setup and extend the trend?
Dogecoin Price Faces a Long-Term Neckline
Analyst Mikybull Crypto said the monthly Dogecoin price chart sketched a cup-and-handle that dated back to the 2021 peak.
A cup-and-handle is a continuation pattern that often follows a prolonged base. The “cup” reflects a rounded recovery; the “handle” captures a shorter consolidation that precedes a breakout.
On this view, the cup stretched from the $0.05–$0.07 base toward a neckline in the $0.36–$0.40 zone.
Price carved the handle this year as it oscillated in the mid‑teens before recovering. Traders watched that neckline because monthly closes above prior ceilings often unlock measured‑move targets.
Chart projections from the formation pointed to incremental objectives near $0.54–$0.58 for Dogecoin price. A more ambitious band around $0.65–$0.70 aligned with the 2021 peak region.
Targets of this type derive from the pattern’s depth and are commonly used as guideposts rather than guarantees.
Support remained clearly defined beneath current levels. The first band sat near $0.22–$0.24, which marked a recent demand area.
If sellers forced a deeper pullback, the next shelf appeared near $0.17–$0.19. Those bands served as invalidation markers for trend followers who tracked the structure.
Momentum added context to the DOGE price pattern. RSI, a gauge that measures the speed and magnitude of recent price moves, advanced from neutral territory yet stayed below overbought levels.
Traders often see that alignment as constructive because it suggests room for continuation without immediate exhaustion.
Volume and candle structure on monthly closes also mattered. Long bodies with firm closes above the neckline would strengthen the breakout case.
Conversely, upper wicks into $0.36–$0.40 without confirmation would keep the pattern unproven and leave range dynamics intact.
Dogecoin Price Holds a Rising Daily Channel
Analyst Stonk Chris focused on the daily chart, where Dogecoin price marched within a rising channel for months.
A rising channel contains parallel trendlines that connect higher highs and higher lows. The structure showed buyers defending successive pullbacks while sellers capped progress near a familiar ceiling.
The latest rebound started around the $0.21–$0.23 area, which the market respected multiple times.
That bounce preserved the channel’s lower boundary and kept the sequence of higher lows intact. Immediate friction persisted near $0.28–$0.31, where supply repeatedly stalled advances.
The Ichimoku Cloud, a multi‑component trend model that blends moving averages and projected support or resistance, continued to place DOGE price over a thin supportive span.
Traders read that setup as confirming a still‑bullish bias while acknowledging limited cushion if momentum faded.
The daily RSI also turned up from neutral readings, reinforcing the notion of a recovering trend within the channel.
For tactical triggers, many participants watched a daily close above roughly $0.30 for Dogecoin price. That step could open a retest of the mid‑$0.30s and, by extension, a challenge of the $0.36–$0.40 monthly neckline.
Failure to clear that band would keep range conditions in force and increase the likelihood of another trip toward the channel’s lower boundary.
Risk also remained two‑sided. A decisive break below the $0.22–$0.24 area would weaken the channel argument. Besides, it would also risk Dogecoin price to slip to $0.17–$0.19.
That path would not invalidate the monthly construction by itself, but it would delay any breakout timing and test buyers’ resolve at prior demand zones.
What Would Validate a Sustained DOGE Breakout?
Several developments could firm the bullish case for Dogecoin price and reduce uncertainty around the larger pattern.
First, a sequence of higher closes above $0.30 would confirm buyers’ control on the daily timeframe and build momentum toward the monthly neckline.
Follow‑through into the mid‑$0.30s would indicate that demand absorbed near‑term supply.
Second, a monthly close above $0.36–$0.40 would officially clear the neckline for Dogecoin price and activate the cup‑and‑handle’s measured objectives.
Traders often look for that confirmation because monthly signals tend to carry more weight and reduce noise from short‑term swings.
Third, an accompanying expansion in volume would signal genuine participation. Breakouts that travel on rising activity typically exhibit better durability than thin moves.
Volume clustering near breakout levels often reflects broader acceptance of the new range.
Finally, the state of momentum matters after the initial thrust for DOGE price. If RSI pushes higher but rotates before notching overbought extremes, the trend can continue in steps.
If Dogecoin RSI spikes and stalls, the price may consolidate to reset. Either outcome would be consistent with a constructive backdrop as long as key support zones continue to hold.
Until confirmation arrives, the roadmap stays straightforward. Holding $0.22–$0.24 preserves the daily channel and keeps buyers on the front foot.
Clearing $0.36–$0.40 on a monthly close would complete the larger formation for Dogecoin price. It would project toward $0.54–$0.58, with $0.65–$0.70 as a stretch band anchored to historical highs for DOGE.
Absent that clearance, price likely oscillates within the established channel while the market waits for a decisive signal.