Dogecoin Hovers at $0.23: Can a Cup-and-Handle Pattern Unlock Its Next Upside?

Jakarta, Pintu News – Dogecoin has the potential to set a new record high if it manages to break through the classic cup and handle pattern formed on the weekly chart.

The overall market correction didn’t miss Dogecoin (DOGE) either, which fell by more than 10% in the last seven days. The biggest drop came on Monday (22/9), when DOGE plummeted 7.8%, contributing to a wave of crypto market crashes that liquidated $1.7 billion worth of trading positions in just 24 hours.

Then, how is the current Dogecoin price movement?

Dogecoin Price Rises 0.87% in 24 Hours

On September 25, 2025, Dogecoin posted a modest 0.87% gain over the past 24 hours, trading at $0.2351, or about IDR 3,951. During this period, DOGE fluctuated between IDR 4,165 and IDR 3,861.

At the time of writing, Dogecoin’s market capitalization is estimated at roughly IDR 594.74 trillion, with a 24-hour trading volume of around IDR 55.58 trillion.

Read also: Bitcoin Holds Steady at $112K (Sept 25): Will It Slip Under $110K or Rebound Toward $115K?

Bullish Pattern Strengthens Dogecoin Rebound Optimism

Dogecoin is currently trading around the $0.240 support level, an area that analysts believe could trigger a strong rebound if it is able to hold. On the other hand, a review of recent Dogecoin predictions also highlighted additional catalysts that could potentially push the price towards new highs in the token’s history.

Specifically, CobraVanguard shared an in-depth analysis of the weekly DOGE/USDT chart last Tuesday, further reinforcing Dogecoin’s current position. The analysis highlighted the classic cup and handle pattern that is developing, with the potential to pave the way for a parabolic expansion.

The “cup” part of the pattern is fully formed. The pattern starts from the $0.760 price peak in May 2021 and forms a U-shaped formation that ends at the December 2024 price peak of $0.4846.

Meanwhile, the “handle” formation appeared soon after the December 2024 peak, as the Dogecoin price corrected with it. After touching the bottom of the “handle” with a drop to $0.13 in April, the Dogecoin price has now begun a parabolic move to complete the structure of the pattern.

Read also: 3 Cryptos Showing Strong Performance: ASTER, ZEC & PUMP Extend Their Rally Despite Market Turmoil

Dogecoin Breakout Pattern Confirmation and Target

Based on the chart accompanying the analysis, Dogecoin needs to break the resistance level around $0.4846 to confirm the cup and handle pattern. If achieved, this would mean a 102% rally from the current market price of $0.240 towards levels last seen in December 2024.

If Dogecoin manages to make this breakout, analysts predict that the price could break $0.50. Furthermore, the target of this cup and handle pattern suggests a potential 267% rally to a new record high of $0.880.

Interestingly, CobraVanguard is consistent with his prediction that Dogecoin will rise to $0.88. He has identified the cup and handle pattern that has been developing since April and remains optimistic about its completion.

Moreover, this prediction is in line with the growing belief that Dogecoin will bounce back from its latest correction to new highs. Trader Tardigrade recently predicted a 3x rally, while JezzaBTC said DOGE holders stand a good chance of big gains, with a recurring pattern targeting an ambitious price of up to $18.

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*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:

• TheCryptoBasic. Here’s Dogecoin Price Target For Cup and Handle Pattern on Weekly chart. Accessed on September 25, 2025