DOGE Starts to Gain Strength
Dogecoin (DOGE), the popular meme-based cryptocurrency, rose to $0.26 early Sunday, following Bitcoin’s increase above $125,000.
Later, some investors took profits, causing DOGE to slip back to around $0.25. However, its trading volume jumped 60% in the past 24 hours.
Even with that small drop, DOGE was still up 8% this week, beating major coins like XRP.
Could DOGE Reach $0.30 Soon?
A well-known crypto analyst, Trader Tardigrade, pointed out a “cup and handle” pattern on DOGE’s 4-hour chart.
This pattern usually signals that prices could keep rising. If it works as expected, DOGE might reach $0.30 soon.
For beginners, the “cup and handle” pattern means the price drops for a while (forming a “cup”) and then slightly falls before rising again (the “handle”), showing a potential upward move.
Technical Indicators
According to TradingView, the MACD (Moving Average Convergence Divergence) indicator showed a “Buy” signal for DOGE — meaning momentum could be turning positive.
However, another indicator, Bull Bear Power, which measures the strength between buyers and sellers, remained neutral.
Price Update
As of now, DOGE trades at around $0.2540, down 1.79% in the last 24 hours, based on data from Benzinga Pro.
