Analyst Expects Dogecoin ‘Cup And Handle’ Formation to Reach $0.85 December Support Is $0.35

Dogecoin fell 12% today to $0.3796 while the cryptocurrency market fell 7.5% in 24 hours.

Today's dip puts DOGE down 1.5% in a week and 7% in two, but it's still up 176% in a month.

Despite its massive 24-hour fall, experts say a typical ‘cup and handle’ structure might enable the currency rise to $0.82 in the current cycle.

DOGE's fundamentals appear promising too, with the Dogecoin Foundation recently seeking significant donations for its growth and expansion.

Analyst Expects Dogecoin ‘Cup And Handle’ Formation to Reach $0.82 December Support Is $0.37

Ali Martinez, a popular analyst and trader, has predicted a parabolic rise for Dogecoin after the election.

His ongoing comments included that DOGE is “in the middle of a bullish breakout to $0.82” a few days ago.


He made this forecast because DOGE's chart had created a bull flag that was breaking.

Martinez expected a rebound to $0.82 as long as $0.37 support held, but today's loss negates half of his prediction.

Despite today's pullback, this support level remains.


It seems that a coordinated bounce toward $0.40 is imminent.

After the Dogecoin Foundation requested donations, DOGE had basic reasons to be optimistic.


This would increase DOGE's development and acceptance, which might help the Dogecoin price reach $0.82 by Q2 2025 if the market is positive.

#DOGE #BNBChainMeme #MuskXPayments $DOGE