Dogecoin Forms Cup and Handle Pattern, Eyes $0.10 Target

Dogecoin (DOGE) has been on an upward trend after hitting its September 2 low of $0.0817, increasing by around 10% to trade at $0.089-$0.090.

A cup and handle pattern is forming on the 4-hour chart, which could indicate a move towards $0.10 if it breaks through the resistance point.

Analyst Trader Tardigrade noted that a clean breakout above the handle trendline could target the $0.10 level, but cautioned that without confirmation, DOGE may stay range-bound and retest support.

The futures market also leans bullish, with a positive 0.0053% weighted funding rate, indicating more traders are betting on price increases than decreases.