Technical analysis by TheTraderAndy about Symbol DOGE: Buy recommendation (7/19/2025)

CUP & Handle type formation on DOGE, really believe this can run to $2 during alt season which has just started firing its engines ... BTC.D finally looks toppy. 📈 1. Technical breakout & chart patterns DOGE has recently broken out of a long-term descending channel, forming a classic double-bottom pattern—a strong reversal signal. It also cleared the key $0.20–$0.21 resistance zone, with on‑chain data pointing to rising futures/open interest and reduced sell pressure ⚖️ 2. Macro & regulatory tailwinds The passage of the Genius Act in the U.S. House brought “clear‑cut regulation” for crypto, boosting confidence and driving DOGE higher—rising ~8% on the news Broader crypto bull sentiment—fueled by possible Fed rate cuts and favorable legislation—has pushed altcoins like DOGE ahead this week 🧠 3. On‑chain & investor activity Charts show increasing futures & spot trading volumes, along with expanding whale activity and holders staying profitable—collectively suggesting strong demand and low sell pressure Network usage is also up: wallet interactions and momentum have accelerated as DOGE crosses these technical thresholds 💬 4. Community & utility factors Dogecoin maintains a vibrant community, boating meme-driven social capital, plus occasional celebrity mentions (e.g., Elon Musk), keeping public attention Its growing real-world usage in tipping, payments (e.g., Shopify, AMC, Tesla merch), and even institutional products—like the Grayscale Dogecoin Trust—adds fundamental backing