Dogecoin (DOGE) Price: Is a Breakout Coming as Cup-and-Handle Pattern Forms?

TLDR

• Dogecoin is trading around $0.098–$0.099, down roughly 2.7% in 24 hours
• Price is holding a key support zone between $0.09–$0.10 but remains in a broader downtrend
• Resistance sits at $0.104–$0.116, with $0.116 seen as the key level to break
• A cup-and-handle pattern is forming on the daily chart, which analysts see as a potential bullish signal
• Catalysts being watched include X’s crypto payment features and the CLARITY Act

Dogecoin is trading around $0.098–$0.099 on February 19, 2026, down about 2.7% over the past 24 hours. The price dipped as low as $0.09718 before recovering slightly, staying near the bottom of its daily range.

Despite the daily dip, DOGE is up 7.2% over the past seven days. Longer timeframes tell a different story, with the coin down 23% over 30 days and down over 60% in the past year.

The price is currently below all major moving averages. Momentum indicators remain in bearish territory, pointing to continued selling pressure in the short term.

Support is holding between $0.09 and $0.10. Analysts say this zone has been defended by buyers, but a clean break below $0.09 could push DOGE toward its yearly lows.

Resistance sits between $0.104 and $0.116. The $0.116 level is flagged as the most important barrier, aligning with the upper Bollinger Band and a 50% Fibonacci retracement of January’s selloff.

The Parabolic SAR dots have flipped below the price, which typically signals that short-term buying momentum may be building.

However, the Directional Movement Index still shows sellers in control. The negative directional indicator sits around 37.6, well above the positive directional indicator at 18.8.

For a confirmed bullish shift, analysts say the positive directional indicator needs to cross above the negative one, with the ADX rising to show trend strength.

Cup-and-Handle Pattern

Analyst Trader Tardigrade on X points to a developing cup-and-handle pattern on DOGE’s daily chart. The cup bottom formed near $0.08, with the price rallying to around $0.11 to shape the rim.

DOGE is now building the handle through a period of consolidation. A breakout above handle resistance could target new highs, according to the analyst.

Catalysts to Watch

Two key narratives are driving sentiment. First, the CLARITY Act, a crypto regulatory bill in the US, could shift market confidence if it advances.

Second, X’s reported crypto trading and payment features have already moved the price. DOGE jumped 15.25% to $0.1113 following X’s trading announcement, with volume hitting $1.76 billion on strong whale activity.

Some analysts say DOGE could reach $0.20 in February 2026 if meme-coin rotation and risk appetite align, but stress that a high-volume break above $0.18 is needed first.

The base case remains range-bound, with DOGE holding the $0.09–$0.10 floor while facing supply in the low $0.11s. The next major move is widely expected to come from either CLARITY Act headlines or a new product announcement from X.

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