Dogecoin Price Analysis: DOGE Forms Bullish Cup-and-Handle Pattern Below $0.21 Resistance

Dogecoin (DOGE) is currently consolidating below the crucial $0.21 resistance level as a significant cup-and-handle pattern emerges on its price chart. This technical formation is widely regarded by analysts as a bullish continuation signal, often preceding a potential breakout. The consolidation phase indicates a period of price stability, allowing the asset to gather momentum for its next major move. Market participants are closely monitoring DOGE's ability to maintain support levels while watching for any volume increase that could confirm the pattern's bullish implications and trigger an upward price movement.