The Dogecoin price has decreased by over 57% since its high in December but may be reaching a bottom. Technical analysis suggests a potential bullish setup for Dogecoin fueled by a "Cup & Handle" pattern. The analysis indicates that the DOGE price could experience a final decline before reaching a low around the $0.16896 support level, which marks the base of the Cup & Handle pattern. The pivotal zone for the next move is near $0.29124, and if the price surpasses this threshold, it could confirm the pattern and trigger an upward swing. Upside objectives suggest that DOGE could climb to the $0.50 - $0.60 range and potentially even higher. The analysis highlights the potential for DOGE to regain its place among top meme coins, as attention returns to more established assets following the burst of the memecoin bubble. The potential Cup & Handle pattern, if confirmed, could reignite interest from both retail and institutional investors. At the time of writing, DOGE was trading at $0.207.



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