Dogecoin Breaks Out: Cup and Handle Formation Targets $0.30 As Market Cap Builds Momentum

Dogecoin completed a confirmed cup and handle breakout above $0.2642, reinforcing short-term bullish momentum.

The next resistance target stands near $0.30, supported by strong 4-hour volume and higher-timeframe retest confirmation.

The $0.2475 support zone remains critical for sustaining Dogecoin’s structure as its market cap edges toward $100 billion.

Dogecoin (DOGE) has developed a significant bullish technical structure, suggesting an important shift in short-term momentum. The 4-hour chart also shows a very obvious cup and handle market structure formation which is typically used to denote continuation trends. After breaking out of the handle zone the cryptocurrency is currently trading at around $0.2639, which is an increase of 16.1% during the last seven days.

Such a movement seems to affirm an achieved breakout above the $0.2642 neckline resistance, and the Bigger picture market takes on new purchasive momentum. The breakout is also accompanied by increasing speculation that Dogecoin might soon regain a market capitalization of around the 100 billion range, the last time the currency experienced a significant surge.

Handle Breakout Confirms Bullish Continuation Structure

The cup and handle pattern on the lower time frame (LTF) shows a well-formed rounded base followed by a downward-sloping handle. The handle breakout was recently completed as price closed above the descending resistance zone. Notably, the handle structure had been consolidating between $0.2475 and $0.2642 before the decisive upward movement.

This price formation suggests a period of accumulation before continuation, supported by the 4-hour breakout candle above the neckline. The breakout indicates renewed trader participation, with intraday volume aligning closely with historical accumulation levels seen during earlier upswings. The clean breakout suggests market participants are responding to stronger structural confirmation, not speculative movement.

The current support base at $0.2475 remains crucial for sustaining bullish momentum. If maintained, the pattern projection places a near-term target near $0.30, corresponding to the vertical height of the cup projected upward from the breakout zone.

Resistance Line Breakout and Retest Align on Higher Time Frames

On higher time frames, Dogecoin’s market capitalization chart reveals a similar cup and handle structure. As of 2022, this resistance line has already been broken successfully and tested. After this retest, the price structure depicts the development of a rounded continuation curve, consistent with long-term accumulation behavior at weeklies and monthlies.

The successful retest highlights a broader transition from consolidation to expansion. Moreover, the rounded curve’s continuation phase suggests the breakout is not isolated to lower time frames but supported by macro-level momentum.

With this alignment across multiple time frames, Dogecoin continues to display consistent structural strength. The near-term technical target of $0.30 aligns with the measured move from the handle breakout, while higher projections may depend on sustained volume and market participation.

Broader Market Dynamics Reflect Building Momentum

Across the crypto sector, rising momentum and pattern completion suggest renewed capital rotation into large-cap assets. Dogecoin’s handle breakout arrives as the broader market records increasing daily trading volumes and short-term bullish crossovers.

This alignment, coupled with successful retests across technical levels, indicates growing structural maturity for DOGE. Although the short term resistance is still close to $0.2642, further discovery of price would be established by further progress above the price.

The current technical configuration highlights the ways in which the price action, volume congruency, and pattern symmetry proceed to influence the short-term outlook of Dogecoin. Until this support level at $0.2475 is breached, market participants will probably be watching whether this momentum is strong enough to test the area again at $0.30.