The Dogecoin price is down more than -57% from its December 8 high at $0.4843, but a bottom could be near. In a technical analysis shared on X, Rose Premium Signals (@VipRoseTr) highlights a potentially bullish setup for Dogecoin (DOGE), fueled by a classic “Cup & Handle” pattern.
Dogecoin Cup And Handle Could Emerge
According to the chart, the DOGE price could face a last leg down before it will find its low near the $0.16896 support zone. This level marks the base of a possible Cup & Handle pattern—a formation characterized by a rounded “cup” followed by a smaller consolidation or “handle.” Technically, the cup phase reflects the market’s effort to find a bottom, while the handle phase often takes shape as a brief pullback or sideways movement before a potential breakout.
The pivotal zone for DOGE’s next move appears to be near $0.29124. If price rallies above this threshold, it would likely confirm the Cup & Handle formation and could trig
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