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DOGE aims to break through US$0.10, and the classic chart form appears

2026-09-09 15:46:21
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Core Points

DOGE's current price is hovering in the range of $0.089 to $0.090, up about 10% from the bottom of $0.0817 recorded on September 2. Technical analysis shows that the classic "cup handle pattern" appears on the 4-hour chart, suggesting that prices are expected to move up towards the $0.10 mark. The Meme Token remains above the four key daily moving averages, with the 200-day simple moving average (SMA) at $0.08839. Spot market activity showed that although the four-hour inflow was slightly negative, buying pressure still exceeded selling. The key upper resistance area lies between $0.092 and $0.0926, which is also the area with the most concentrated clearing data.

Price Trend and Market Analysis

As of September 8, Dogecoin (DOGE) remained stable around $0.090, showing a strong rebound momentum, recovering by about 10% from the weekly low of $0.0817 established on September 2. During this upward trend, the popular meme cryptocurrency briefly tested $0.092 and then entered a consolidation range of $0.089 to $0.091.

The rally came after DOGE bottomed around $0.069 in August. The sharp pull-up during this period pushed the digital asset past the $0.09 mark, although resistance prevented it from effectively exceeding $0.095 further.

According to CoinGlass spot market indicators, purchases exceeded sales by US$2.92 million on September 8. Specifically, buying flow on the Binance platform exceeded selling pressure by US$3.09 million, indicating that spot exchanges continue to be dominated by buyers.

Futures market sentiment also reflects long positioning. The weighted funding rate is currently at a positive 0.0053%, meaning there are more long positions than short bets. However, after US$4.94 million of long contracts were cleared in the past 24 hours, open interest fell 3.36% to US$1.36 billion.

Technical analysis: Classic cup handle shape

Observed in a 4-hour time frame, DOGE is forming a textbook-style "Cup and Handle shape". The cup represents the accumulation stage, while the handle part shows that prices compress below the resistance as volatility decreases.

Market analyst Trader Tardigrade paid attention to this technical structure through social media, pointing out that if the price can confirm the trend line that breaks through the handle with increased volume and continued momentum, it may push the price towards the $0.10 target. He emphasized that without such confirmation, DOGE could remain fluctuating within range and could retest support levels.

$DOGE/ 12 hours
A potential handle shape has now been formed.

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