Dogecoin (DOGE) has crashed roughly 50% over the past year, and renewed US–Iran attacks threaten to deepen the pain as oil-driven inflation fears revive Federal Reserve rate-hike bets.
Dogecoin is showing signs of a bearish continuation on its four-hour chart after failing to sustain its early-July rebound.
The DOGE/USDT chart shows the memecoin forming an inverse cup-and-handle pattern. The setup typically develops when price forms a rounded top, returns to horizontal support, and then stages a weak recovery—the "handle"—before potentially breaking lower.
DOGE's rounded top formed after its rebound from roughly $0.071 toward $0.079. The token has since returned to the $0.071–$0.072 support area and is now attempting a minor bounce near $0.073.
A decisive break below the pattern's neckline near $0.071 could confirm the bearish setup. The pattern's measured downside target sits near $0.063, or more than 10% below current prices.
Dogecoin is showing signs of a bearish continuation on its four-hour chart after failing to sustain its early-July rebound.
The DOGE/USDT chart shows the memecoin forming an inverse cup-and-handle pattern. The setup typically develops when price forms a rounded top, returns to horizontal support, and then stages a weak recovery—the "handle"—before potentially breaking lower.
DOGE's rounded top formed after its rebound from roughly $0.071 toward $0.079. The token has since returned to the $0.071–$0.072 support area and is now attempting a minor bounce near $0.073.
A decisive break below the pattern's neckline near $0.071 could confirm the bearish setup. The pattern's measured downside target sits near $0.063, or more than 10% below current prices.
4 months ago
