Dogecoin is forming a bullish cup and handle pattern on the hourly chart, consolidating near the $0.133 resistance after recovering from the $0.120 level. The chart shows Dogecoin dropping earlier before forming a rounded recovery that created the cup. Price bottomed around $0.120, then gradually climbed back toward the $0.133–$0.134 zone where it’s been meeting resistance. This horizontal level has repeatedly halted upward attempts, marking the pattern’s upper boundary.
After reaching resistance, Dogecoin pulled back in a controlled manner to form the handle. Price has been moving in a tight range between $0.130 and $0.132, showing shallow retracement. The handle is proportionally smaller than the cup, which fits the classic technical definition and points to consolidation rather than reversal. This pattern matters because Dogecoin often reflects short-term momentum shifts in the crypto market.
How price behaves near the $0.133 resistance will likely determine whether consolidation continues or gives way to a directional breakout. Dogecoin is forming a bullish cup-and-handle pattern on the hourly chart as it consolidates near the $0.133 resistance after rebounding from around $0.120. The price action shows a rounded recovery forming the cup, followed by a quieter move that defines the handle. The price bottomed near $0.120 and has since moved toward the $0.133–$0.134 zone, where selling pressure has capped gains.
The handle emerges after testing the resistance, with the price trading in a narrow band roughly between $0.130 and $0.132, indicating consolidation rather than a reversal. This setup matters because cup-and-handle patterns can signal short-term momentum shifts in the crypto market. Market participants will watch how price behaves at the $0.133 level, as a breakout could extend the move higher while a rejection might prolong the consolidation.
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