Dogecoin enthusiasts have reason to celebrate as the cryptocurrency’s weekly chart showcases one of the most recognizable patterns in technical analysis—a potential cup-and-handle formation. This pattern, noted by crypto analyst Badger (@badger0102), spans the entire 2021–2025 cycle and suggests a possible price surge that could propel Dogecoin to unprecedented heights. At the time of analysis, Dogecoin was trading at approximately $0.2268, nestled between crucial Fibonacci retracement levels. Let’s delve into the details of this promising chart pattern and what it might mean for Dogecoin’s future.
Dogecoin Cup and Handle Signals Explosive Potential
The “cup” portion of this formation dates back to the euphoric highs of 2021. Following a dramatic surge, Dogecoin experienced a prolonged decline, bottoming out during the 2022–2023 trough. However, the narrative began to change in 2024, as Dogecoin embarked on a rounded recovery that accelerated significantly. The left rim of the cup is defined by the 2021 distribution area, with a dashed, falling trendline that was finally broken during the 2024 advance.
The cup’s base aligns with the 0.00 Fibonacci anchor near $0.0491, while the right rim formed during the Q1–Q2 2025 surge. This rally stalled just below the 0.786 retracement at around $0.4181, before establishing the structural “lip” of the cup. Following this surge, Dogecoin experienced a classic “handle” pullback in mid-2025, bottoming in the $0.14 region—neatly bracketing the 0.382 retracement at approximately $0.1391.
Handle Formation and Bullish Momentum
The handle’s depth remains proportionate, retracing approximately 38-50% of the right-rim advance, preserving the pattern’s validity on a weekly timeframe. Dogecoin has since reclaimed the 0.50 level at around $0.1919 and is pressing toward the 0.618 level at approximately $0.2646. This is the first crucial level bulls must clear to maintain the handle’s constructive geometry.
If momentum persists, an orderly ladder of resistances and targets lies ahead. Above $0.2646, the structure’s neckline or rim zone emerges between the mid-$0.30s and low-$0.40s, capped by the 0.786 level at approximately $0.4181. A weekly close through this band would signal a textbook cup-and-handle breakout, opening up measured-move and extension objectives: the 0.886 level at around $0.5490, the 1.000 extension near $0.7488, and the 1.128 level at approximately $1.0611.
A Staggering Macro Target
One of the most compelling aspects of this chart is the highlighted circle at the 1.414 Fibonacci extension, approximately $2.3119. This is framed as the macro target if the pattern completes and trends continue to extend. Achieving this level would mark a significant milestone for Dogecoin, catapulting it far beyond previous peaks and into new territory.
Risks and Challenges Ahead
However, it’s essential to approach these projections with a balanced perspective. While the cup-and-handle pattern signals potential upside, it doesn’t guarantee a specific outcome. The handle provides a clear invalidation map, with immediate support resting at the 0.50 level (around $0.1919), followed by $0.1391 (0.382) and $0.0934 (0.236). A sustained loss of the handle low in the mid-$0.15s could undercut the pattern, risking a return to the deep-base band above $0.05, anchored at $0.0491.
Context and Broader Market Implications
Contextually, the multi-year rounding base underscores a significant shift from distribution to accumulation. This shift is evidenced by the break of the long dashed downtrend drawn from the 2021 high through 2022–2023. The right-side advance and orderly handle retracement fit the classic momentum-pause-continuation sequence that technicians look for on higher-timeframe charts.
Confirmation of this bullish scenario remains conditional on follow-through. Bulls need to absorb supply into the $0.26–$0.27 range, attack the $0.35–$0.42 rim, and then register a weekly breakout with expanding range to activate the upper Fibonacci targets.
At press time, Dogecoin is trading at $0.225, teetering on the edge of a potential breakout. While the prospects are enticing, market participants should remain cautious, considering the inherent volatility and unpredictability of the cryptocurrency market. As always, thorough research and risk management are paramount for anyone considering investing in Dogecoin or any other cryptocurrency.
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
