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- Dogecoin forms a major Cup and Handle pattern on the weekly chart with a breakout target near $1.
- A confirmed move above $0.55 could trigger an extended bullish rally toward the $1 milestone.
After Dogecoin (DOGE) was stuck in a sideways phase for a long time, analysts are starting to see signs that the coin may be preparing for a major move.
A popular technical analyst in the community, Cobra Vanguard, believes that DOGE’s weekly chart is forming a Cup and Handle pattern, a classic pattern that often appears before major price spikes.
He believes that while the short-term chart may seem boring, this larger pattern could lay the foundation for a strong rally in the future.
Cup and Handle Pattern Points to a Big Breakout
Cobra explained that the “cup” formed from a sharp decline since the 2021 peak, followed by a gradual recovery until 2025. This phase is considered a long accumulation process, during which selling pressure begins to ease.
Currently, the “handle” is starting to form, indicating a final consolidation phase before a potential major breakout. If it successfully breaks through the resistance area in the $0.50–$0.55 range, DOGE could potentially break out towards $0.97 and even the $1 milestone.
Analyst Sees Dogecoin Facing a Tough Barrier
However, not all analysts are immediately optimistic. Analyst Cantonese Cat warned that DOGE is still struggling to break through the 0.886 Fibonacci retracement level.
According to the analyst, DOGE is still struggling to permanently break through 0.886; if it did, the impact would be very bullish, and the market is not yet ready for it.
$DOGE is having a hard time breaking above 0.886 for good, because it'd be incredibly bullish if it does and it's not ready to be incredibly bullish quite just yet.
So it tagged 0.786 with that scam wick and looks to challenge 0.886 again in Q4 2025. pic.twitter.com/ybjN1SOjTA— Cantonese Cat 🐱🐈 (@cantonmeow) October 22, 2025
He stated that DOGE briefly touched 0.786 due to a “scam wick” and is likely to retest 0.886 in the fourth quarter of 2025. This statement indicates that while there is significant potential, the path to a breakout still requires time and clear confirmation.
On the other hand, CNF previously reported that an analyst predicted DOGE could surge more than 250%, mirroring the massive rally that occurred in 2017.
As of press time, DOGE is changing hands at about $0.1922, up 0.70% in the last 4 hours. Daily spot volume reached $595.50 million, with a market cap of $29.10 billion and open interest of $1.74 billion.
Interestingly, positive sentiment toward DOGE doesn’t just stem from technical aspects. Last September, we highlighted the emergence of the Rex-Osprey DOGE ETF (ticker: DOJE), which is likely to be the first US-based Dogecoin ETF.
However, it’s important to emphasize that this product is not a spot ETF like those already approved for Bitcoin. Nevertheless, this move is still considered a signal that institutional interest in Dogecoin is starting to grow.
Furthermore, the presence of financial products like DOJE suggests that the market is beginning to view DOGE not just as a meme coin, but also as a digital asset that can be monetized within the traditional financial ecosystem.
