Dogecoin is currently consolidating below the $0.21 mark, with a cup-and-handle pattern beginning to take shape. This technical formation is often viewed as a bullish signal in trading. Analysts suggest that if Dogecoin can break above the $0.21 resistance level, it may indicate a potential upward trend. Conversely, if the price fails to hold this level, it could lead to further consolidation or a downward movement. Traders are closely monitoring the situation to gauge future price movements.
