狗狗币（DOGE）蓄势待发！杯柄形态点燃285%暴涨，0.8美元触手可及？

Group 1 - Dogecoin (DOGE) is currently trading at $0.2200, up 68% from last November's low, but down 53% from the high in November [2] - As the largest meme coin with a market capitalization exceeding $32 billion, Dogecoin is showing bullish signals in its recent technical patterns, indicating potential for significant price increases [2] - The weekly chart indicates that Dogecoin's price reached a peak of $0.7390 in May 2021, driven by Elon Musk, before plummeting to a low of $0.048 in June 2022 [3] Group 2 - The cup and handle pattern consists of a rounded bottom and horizontal support for the cup, while the handle shows price retracement or consolidation [5] - Currently, the handle part of Dogecoin has retraced from a high of $0.4522 to $0.1295, and a breakout above the cup's upper edge at $0.4522 would trigger a bullish breakout [5] - Based on the cup and handle pattern, the depth of the cup is 92%, suggesting a target price of $0.8630, representing a potential increase of 295% from the current price [5] Group 3 - Several factors may drive a rebound in Dogecoin's price, including on-chain data showing that whales are actively accumulating [6] - Addresses holding between 100 million to 1 billion Dogecoins have increased their holdings to 26.5 billion, up from 22.8 billion in January, while addresses holding 10 million to 100 million have also increased to 23.8 billion [6] - Additionally, the U.S. Securities and Exchange Commission (SEC) may approve a Dogecoin ETF, with institutions like Bitwise, Grayscale, 21Shares, and Rex Shares having submitted related applications [7] - If Bitcoin's price continues to rise, as predicted by institutions like BlackRock, Bitwise, and Ark Invest, it will create a favorable market environment for Dogecoin and other cryptocurrencies [7]