TLDR
- Dogecoin (DOGE) is showing signs of a potential price breakout from a symmetrical triangle pattern
- Technical analysts predict a possible 16% price surge if DOGE breaks out above the $0.16-$0.18 range
- DOGE is close to overtaking Cardano (ADA) by market capitalization
- Social engagement and trader accumulation for Dogecoin remain at robust levels
- Dogecoin would need to reach approximately $0.19 to surpass Cardano’s market cap (assuming ADA remains stable)
Dogecoin (DOGE) appears poised for a strong price movement after breaking out of a symmetrical triangle pattern that has contained its price action for the past several weeks. The popular memecoin is currently trading around $0.17, with technical indicators suggesting a potential upward surge that could help it overtake Cardano in market capitalization rankings.
Multiple crypto analysts have identified bullish patterns on DOGE’s price charts. Ali Martinez highlighted a symmetrical triangle formation on the one-hour timeframe, noting that Dogecoin experienced a steep 16.46% decline from around $0.18 to just above $0.14 before recovering and forming progressively higher lows.
The upper boundary of this triangle sits near $0.18, while the lower support line extends upward from approximately $0.144. According to Martinez, the $0.16-$0.18 corridor has been a key area containing Dogecoin’s recent price movements.
Martinez suggests that a clear hourly close above this zone could release buying pressure that has been building over the past ten days. Based on symmetrical triangle theory, such a breakout might trigger a 16% upswing from the breakout point.
#Dogecoin $DOGE busts loose! Triangle breakout could spark a 16% swing. pic.twitter.com/iR7maX5LVP
— Ali (@ali_charts) March 21, 2025
Another analyst, identified as CW, shared similar bullish sentiments about DOGE’s price trajectory. The 4-hour DOGE price chart showed an outgoing candle demonstrating important bullish force after breaking above the descending resistance line around $0.1730.
This breakout positions DOGE for a potential move to $0.1790 before experiencing any downward correction. If the market sustains above the breakout area, DOGE’s price could push toward $0.1910 and possibly match former price holding positions.
Before any additional upward movement, Dogecoin may need to retest the price area between $0.1750 and $0.1730. Failure of bulls to defend prices above $0.1730 would invalidate the breakout, potentially causing DOGE to move downward toward $0.1660 or the $0.1600 ascending support level.
The validity of this bullish momentum through the symmetrical triangle breakout requires continuous demand from buyers. DOGE will likely see additional price gains if trading volume remains at high levels.
Beyond technical indicators, Dogecoin continues to maintain its position as the top memecoin based on social sentiment. The token benefits from a passionate following and robust public support, factors that enhance both short-term price appreciation and long-term customer interest.
Potential value opportunity
Smart DEX traders view the current price range as a potential value opportunity to buy Dogecoin, as the memecoin is trading in what they consider an accumulation zone. These investors have formed an accumulation base at a price support level, which could signal potential price appreciation.
The combination of smart buyers’ purchases and strong social sentiment supports DOGE’s price and could create circumstances for further market growth as investor confidence builds.
At press time, DOGE had a market value of $0.17 with a total market capitalization of $25.22 billion. By comparison, Cardano (ADA) was priced at $0.73 with a market capitalization of $26.17 billion.
For Dogecoin to match Cardano’s market capitalization, it would need to increase its price by approximately 1.03 times. In practical terms, DOGE could surpass Cardano if it reaches a price level of $0.19, assuming ADA’s market value remains steady.
Social opinion and trader accumulation have maintained robust levels, suggesting that DOGE could potentially overtake ADA in market cap ranking in the coming trading sessions, especially if buying at the current accumulation zone continues.
The next few days will be crucial for Dogecoin as traders watch for confirmation of the symmetrical triangle breakout and whether the token can generate enough momentum to flip Cardano in the market cap rankings.
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