Dogecoin trades near $0.09 as a cup-and-handle pattern points to a possible breakout toward $0.10 if resistance breaks with volume.
Traders are keeping a close eye on Dogecoin as it trades around $0.0905, with the possibility of breaking out of its recent price range. The token is trading around its 24-hour high.
The DOGE price changed by approximately 0.6% over 24 hours, trading around $0.09055. The same period saw its Bitcoin pair gaining about 1.2%.
The current price movement comes after a rise from the $0.07 to $0.075 support level. Since then, the bulls have given DOGE a subtle push back towards the $0.09 level.
Analyst Trader Tardigrade spotted a possible cup-and-handle formation on the 12-hour chart of Dogecoin. If the breakout is confirmed to the upside, the $0.10 mark may be on the radar.
Trader Tardigrade said the possible cup-and-handle pattern formed after DOGE recovered from a longer decline. The rounded cup shows price returning toward earlier resistance after finding support. The handle then formed as DOGE moved within a tighter range.
However, Trader Tardigrade noted that the pattern still needs confirmation before traders can treat it as complete.
A clear break above the handle trendline would provide the first confirmation signal. Traders are also watching for stronger volume during the move and continued buying after the breakout.
$DOGE/ 12-hour 🐕
❇️ A potential Cup and Handle structure has now formed.
The cup signals accumulation, and the tight handle shows controlled consolidation under resistance as volatility contracts near the pattern’s top.
A clean breakout above the handle could target the… pic.twitter.com/EliYzEmMK1
— Trader Tardigrade 🧬 (@TATrader_Alan) September 8, 2026
That follow-through would add support to the setup and reduce the risk of a false breakout. By contrast, a brief move above resistance may fail if buyers do not maintain momentum. Therefore, a 12-hour or daily close above resistance could provide stronger confirmation.
The latest 24-hour range extends from about $0.08808 to $0.09159. DOGE is currently trading closer to the upper boundary of that range. As a result, $0.09159 remains the first resistance level to watch.
Dogecoin’s daily chart also shows improving momentum after it rebounds from summer lows. Price has moved back above $0.09 after spending time under stronger selling pressure. Still, several larger resistance areas remain above the current price.
The daily MACD line recently stood near 0.00340. Meanwhile, the signal line was around 0.00323, with the histogram slightly positive. This setup suggests buyers currently have a small momentum advantage.
The daily RSI was also near 62.8, while its moving average was close to 59.9. An RSI above 50 usually shows stronger buying activity than selling activity. However, DOGE remains below the common overbought level near 70.
Therefore, momentum supports the recent recovery without showing an extreme reading. Continued strength would depend on price holding above nearby support. Buyers would also need to clear resistance before the trend becomes stronger.
Read also – BTC Price Analysis: Bitcoin Eyes $83K as Binance Open Interest Tops $10B
According to CoinGecko, the initial support level sits near $0.09, while immediate support stands around $0.08808. A broader support zone extends from $0.085 to $0.088. Losing that area could bring the $0.08 level back into focus.
As mentioned, below $0.08, the support zone is $0.07 to $0.075. In the last sell-off, that area was a hot spot for buyers. If the current recovery structure is broken, then the recovery would be weakened.
A bull market, on the other hand, will require DOGE to get above $0.09159 and then push the price towards the $0.095 level. The psychological $0.10 level is the next near-term stop. Any breakout effort will be supported by strong volume.
After reaching $0.10, traders can keep an eye on $0.1101 as the next resistance level. Higher chart levels sit near $0.12, $0.125, and $0.143.
DOGE is in the sweet spot between support and resistance for a breakout and continued momentum in the meantime.
The post Dogecoin Price Analysis: DOGE Cup and Handle Could Trigger Move to $0.10 appeared first on Live Bitcoin News.
