Dogecoin Price Prediction: DOGE Breaks Cup & Handle Pattern – Ready to Rocket up to 165%?

Jakarta, Pintu News – Dogecoin (DOGE) appears to be on the verge of a major surge, having experienced a sharp 31.65% increase in the last seven days. At the beginning of this month, DOGE was trading at $0.16.

But now, the price has jumped to $0.27 – its highest level since Valentine’s Day. Despite this surge, some market observers expect a possible price correction.

However, in-depth analysis from CCN’s website suggests otherwise: this is not the time for DOGE to lose its gains. On the contrary, various indicators show that momentum is still strong, and the meme coin is most likely preparing to reach even higher levels.

Resistance Breached, Dogecoin’s Big Rally Begins

On the daily chart (21/7), Dogecoin’s price has broken out of a cup-and-handle pattern – a formation widely recognized as a signal of uptrend continuation (bullish).

Read also: Dogecoin Inches Up Today — Is a Massive Breakout to $0.33 Just Around the Corner?

This pattern starts with a curved “cup” section, where the DOGE price slowly drops and then recovers to form a “U” like pattern. As seen in the chart, this phase is a short consolidation period before the price returns to its previous high.

After that, a descending “handle” section appears – reflecting a temporary pause or decline.

On July 21, the Dogecoin price broke through the resistance level formed at the top of the “cup”. This signaled the start of a new bullish phase for the memecoin.

Alongside this movement, the Money Flow Index (MFI) rose to 89.12, indicating increased buying pressure. If these conditions persist, DOGE has the potential to break the next resistance at $0.35.

If it manages to cross that level, the next target is an increase towards $0.41 – which is the 0.786 Fibonacci level. In the longer term, this cup and handle pattern could push the Dogecoin price up to 165% from its current position.

DOGE’s Next Target: Highest Level in 2021

If this pattern is validated, the price of DOGE could potentially go up to $0.70 – which is at the 1,618 Fibonacci level. However, it is important to note that this scenario is likely to happen only if the general crypto market conditions remain in a bullish trend.

Some crypto analysts also support this positive outlook. One of them, an anonymous analyst named Rekt Capital, highlighted that a double bottom formation on Dogecoin could be the foundation for a major breakout.

He also added that if the price of DOGE manages to cross the current resistance, then a rally towards 2021 highs is very likely.

“So, while DOGE still needs to confirm the current formation in the near term, in the long term, the price is likely to follow the lead of the Total Crypto Market Cap – which could mean a breakout towards highs not seen since 2021,” the analyst said.

Dogecoin Price Prediction: No Bear Signals Here

As for the short-term outlook, the 4-hour chart (7/21) shows that the Dogecoin price has broken the upper trend line of the descending triangle pattern.

Read also: Bitcoin’s Grip on the Market Weakens — Is the Altcoin Boom About to Explode?

As a result, DOGE starts to form a pattern of higher lows and higher highs, which is a sign of a healthy uptrend.

Also, the green line of the Supertrend indicator is below the current price, signaling strong support for theseecoins.

Likewise, the Awesome Oscillator (AO) indicator shows a positive value, indicating that DOGE’s momentum is still bullish.

If this trend holds, the Dogecoin price could break the $0.36 level in the near future. However, if demand weakens, a price correction could occur. In that scenario, and if selling pressure increases, the DOGE price risks dropping to around $0.17.

That’s the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today’s solana price, pepe coin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. Dogecoin (DOGE) Breaks Above Cup and Handle Pattern – 165% Rally on the Table. Accessed on July 22, 2025