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The price of Dogecoin decreased by more than -57 % of the height of December 8 at 0.4843 dollars, but the bottom can be close. In a joint technical analysis on X, Rose Premium (VIPROSETR) signals High The potential bi -up for Dogecoin (Doge), fueled by the classic “CUP & Handle” style.
A cupcoin and handle cup can appear
According to the graph, the DOGE price may face a final leg before finding its lowest level near the support zone of $ 0.16896. This level represents the base of a cup style and a potential handle – a composition characterized by a rounded “cup” followed by a smaller unification or “handle”. Technically, the cup stage reflects the market’s efforts to find a bottom, while the handle stage is often formed as a brief withdrawal movement or side movement before the potential collapse.
It appears that the next DOGE movement is approaching $ 0.29124. If the price pools are higher than this threshold, it is possible that you confirm the formation of the cup and the handle and may lead to a strong swing up. The graph indicates that merchants may explain a daily or weekly closure above $ 0.29124 as a confirmation signal, and they may put in the bullish momentum.
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“Doge shows strong upward potential as it approaches a major reflection area. The price has reached $ 0.16896, aligned with a cup composition and a possible handle. Rose Premium Signals is written via X.
Regarding the upscale goals, Rose Premium signals indicate that DOGE can climb towards a scale of $ 0.50 – $ 0.60 if the cup and handle style is operated as expected. This goal is compatible with the historical areas to increase trading activity and psychological levels that often attract the attention of merchants. The analysis notes more capabilities for more upward trend, which hints that the Dogecoin path may extend to more than $ 0.60 in the event of the intensification of positive feelings.
“The long-term target sits near $ 0.50 -0.60 dollars, with the possibility of further bullish direction. If the momentum continues, DOGECOIN can restore the throne of Meme and push towards higher levels,” the analysts say.
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This suspension confirms Dog’s ability to restore its position among the best coins. While the last MEMECOIN obsession has flooded the market with thousands of smaller distinctive symbols, which turns attention from the original Memecoin, Dogecoin, the scene may turn. In the aftermath of the bubble of Memecoin – its peak with Trump, Melania and the men – the focus can soon be due to Doge where traders are looking for more firm assets in space.
From a technical perspective, a decisive collapse with continuous momentum can reshape each of the interest in retail and institutions, and Dog is pushing towards higher resistance levels and confirming the cup style and potential handle.
At the time of the press, Dujij was traded at $ 0.207
Distinctive image created with Dall.e, Chart from TradingView.com
