DOGE Price Eyes Breakout From Cup and Handle Pattern Amid Eased Selling Pressure

The Dogecoin (DOGE) price has dropped by 1.44% to trade at $0.089 on September 8, but data suggests that selling pressure is easing.

A cup and handle setup on the four-hour chart indicates a potential breakout, with resistance at $0.091.

Data from CoinGlass shows increased buying volumes of $2.92 million on September 8, outpacing selling volumes on all exchanges, including Binance where buy-side flows exceeded sell-side flows by $3.09 million.