Dogecoin’s Hilarious Quest to Overtake Cardano: Will It Succeed or Just Bark?

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  • Dogecoin’s 4-hour price chart flashed a breakout from a symmetrical triangle pattern
  • DOGE is battling to overtake Cardano as its social engagement saw a spike in the last 24 hours

As I sit here, Dogecoin [DOGE] has decided to escape from a symmetrical triangle pattern, which sounds like something I might do when I see a particularly enticing slice of cake. This breakout suggests it might just be gearing up for a price hike, possibly to heights we can only dream of—like $0.1790—before it inevitably trips over its own paws and corrects downward. Classic DOGE!

Now, if the market can keep its act together and stay above the breakout area, we might see DOGE strut its stuff all the way to $0.1910. But first, it looks like it needs to retest the price area between $0.1750 and $0.1730. Think of it as a dog sniffing around before it decides to take a leap. 🐶

But let’s not get too excited. If the bulls can’t hold the line above $0.1730, we might see DOGE take a little tumble down to $0.1660 or even $0.1600. It’s like watching a puppy try to catch its tail—adorable, but ultimately a bit sad.

For DOGE to maintain its bullish momentum, it needs buyers to keep showing up like they’re at a free buffet. If the volume stays high, we might just see some price gains. Fingers crossed! 🤞

Accumulation and social engagement

Aside from its breakout antics, Dogecoin remains the reigning champion of memecoins, thanks to its enthusiastic fanbase. It’s like the popular kid in school who can do no wrong. When social interactions are wholesome, demand spikes, leading to short-term price appreciation and long-term loyalty. Who knew a dog could be so charming?

Smart DEX traders are eyeing the current price as a potential bargain, as DOGE is lounging in its accumulation zone. These savvy investors are building a cozy little nest at a price support level, hoping for a price appreciation that would make even the most stoic investor crack a smile.

With smart buyers and strong social sentiment, DOGE’s price could be on the rise. It’s like watching a group of friends rally around a particularly charismatic dog—everyone wants a piece of the action!

Can DOGE flip Cardano again?

Now, the big question: Can DOGE flip Cardano once more? At the moment, DOGE is sitting pretty at $0.17 with a market cap of $25.22 billion, while ADA is lounging at $0.73 with a $26.17 billion market cap. To catch up, DOGE needs to raise its price by 1.03 times. No pressure, right?

Social opinion and trader accumulation are holding strong—signs that DOGE could very well surpass ADA in the coming sessions. Especially if the buying frenzy continues in the accumulation zone. It’s like a race, and we’re all just hoping DOGE doesn’t trip over its own tail!

If DOGE can reach $0.19, it might just pull off the impossible. But let’s be real: it all depends on whether ADA can keep its market value from doing the limbo. 🕺

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2025-03-21 11:07