Dogecoin Stop for $0.186; Cup-and-Handle De Show Breakout
Crypto analyst Kev_Capital_TA don point out how Dogecoin break from one descending wedge for the monthly chart last November. At that time, RSI don regain positive ground above 50, plus one 0.382 Fibonacci retracement support at $0.1378 hold solid base. E predict say the 1.618 extension near $3.94 go be long-term target, and e still mention say resistance zones dey between $1.00–1.20 and $2.30–2.50. For July 9–10, Dogecoin rally 6%, e clear $0.186 small time with high volume of 1.52 billion DOGE as US tariff delay and Fed rate-cut hope boost people confidence. But DOGE still dey meet resistance for $0.186 many times and e find support around $0.180–0.181. Short-term RSI and OBV reading dey show exhaustion after heavy selling for the last hour. Now, weekly cup-and-handle pattern dey form. Traders go dey watch for strong weekly close above $0.195 to confirm breakout and target $0.25, as macro factors and long-term bullish setups dey continue.
Bullish
Dogecoin technical setup dem for plenty timeframes dey support bullish outlook. For monthly chart, di wedge breakout, RSI above 50, plus Fibonacci support wey dey $0.1378 show structural strength and long-term target for 1.618 extension near $3.94. For short term, 6% rally wey get high volume and di emerging weekly cup-and-handle pattern dey confirm say di chance to move further up to $0.25 dey strong. Traders dey look for clean weekly close pass $0.195 to confirm breakout. Even though dem dey reject $0.186 again and again show say consolidation dey needed, di current on-chain indicators, macro sentiment and historical symmetry show say Dogecoin ready for bullish continuation, with first support for $0.180–0.181 and momentum fit continue once dem reclaim key resistance.