Dogecoin (DOGE) Tests $0.21 Support as Cup-and-Handle Pattern Targets $0.30
The post Dogecoin (DOGE) Tests $0.21 Support as Cup-and-Handle Pattern Targets $0.30 appeared on BitcoinEthereumNews.com.
Zach Anderson Sep 01, 2025 06:19 DOGE price trades at $0.21 after 4% decline, but technical patterns suggest potential breakout to $0.30 amid strong institutional accumulation of 680M tokens. Quick Take • DOGE currently trading at $0.21 (-4.00% in 24h) • Cup-and-handle pattern formation targeting $0.30 breakout level • Institutional accumulation of 680 million DOGE tokens in August signals strong demand What’s Driving Dogecoin Price Today? Despite yesterday’s late-session rally that saw Dogecoin rebound from the $0.21 floor, the DOGE price has pulled back 4% in the past 24 hours. However, this consolidation appears to be part of a larger technical formation that could signal significant upside potential. The most recent development centers around a cup-and-handle pattern that analysts identified, with price targets extending to $0.30. This bullish formation comes alongside reports of substantial institutional accumulation, with 680 million DOGE tokens acquired in August alone, demonstrating persistent demand despite recent volatility. Market insiders have been particularly bullish on Dogecoin’s September prospects, with predictions of a potential 30% surge. This optimism stems from the combination of strong accumulation patterns and favorable technical setups that have been developing throughout late August. The consolidation phase following Dogecoin’s peak above $0.24 has created what analysts describe as a symmetrical triangle pattern. While this has led to some near-term uncertainty, Fibonacci projections suggest that if upward momentum returns, targets could extend well above $1.30 in a more extended timeframe. DOGE Technical Analysis: Mixed Signals with Bullish Undertones The Dogecoin technical analysis reveals a complex picture with several key indicators pointing in different directions. The DOGE RSI currently sits at 44.90, placing it in neutral territory but leaning toward oversold conditions, which could present a buying opportunity for traders. Dogecoin’s moving averages tell an interesting story of consolidation.…
