- Dogecoin has broken out of a symmetrical triangle pattern, signaling a potential rally toward $0.1910 if bullish momentum sustains.
- Dogecoin is gaining traction with increased social engagement and accumulation, strengthening its chances of overtaking Cardano in market rankings.
Dogecoin (DOGE) is making waves again as it inches closer to surpassing Cardano (ADA) in market rankings. With a breakout from a symmetrical triangle pattern and a surge in social engagement, DOGE could be primed for an explosive rally. But will it be enough to reclaim its position ahead of Cardano?
Bullish Breakout Sets the Stage for a Rally
At the time of writing, Dogecoin has successfully broken out of a symmetrical triangle pattern on its 4-hour chart. This bullish development suggests that DOGE has the momentum to push towards higher resistance levels.
Currently, DOGE has surged past the descending resistance line at $0.1730, with its next potential target sitting at $0.1790. If the breakout sustains, DOGE could even climb to $0.1910, a level that previously acted as strong support.
However, a retest of the $0.1730–$0.1750 range seems likely before further upside. If bulls fail to maintain momentum, DOGE could retrace to lower support levels at $0.1660 or even $0.1600.
Social Buzz and Accumulation Fuel DOGE’s Momentum
Dogecoin’s rally is not just technical—its social engagement has surged in the last 24 hours, proving that its community remains as strong as ever. Historically, positive social sentiment has played a crucial role in DOGE’s price action, often leading to swift and unexpected rallies.
Moreover, Smart DEX traders are eyeing DOGE’s current price as a valuable accumulation zone. This signals growing confidence among investors who anticipate a future price appreciation.
Can Dogecoin Flip Cardano?
With bullish technicals and a strong community backing, DOGE has a real shot at overtaking Cardano in market cap rankings. However, sustained buyer interest and high trading volume will be key factors in determining if DOGE can maintain its momentum.
If demand remains strong and market sentiment continues to favor Dogecoin, it may not be long before the meme coin reclaims its spot above Cardano.
