• Dogecoin adoption expands as SPAR Switzerland begins accepting DOGE payments in select stores across the country.
• MACD and RSI indicators suggest fading bullish momentum but strong long-term potential.
• Analysts identify a classic cup-and-handle pattern, signaling a potential DOGE breakout toward $0.50.

Dogecoin (DOGE) continues to demonstrate an impressive upward trajectory. The token has witnessed a notable surge in value, climbing nearly 4.35% in the past 24 hours, but its weekly performance recorded a slight dip of 4.71% gain over the past week.

At the time of writing, DOGE is trading at $0.1976, with a 24-hour trading volume of $554.9 million, marking a 35.79% surge compared to the previous day. Meanwhile, its market capitalization has reached $29.81 billion, positioning the token among the more dynamic performers in the crypto landscape.

Source: CoinMarketCap

Dogecoin Adoption Grows as SPAR Switzerland Joins In

A prominent crypto analyst, Crypto News Hunters, highlighted that SPAR Switzerland has begun accepting Dogecoin (DOGE) payments in select stores, marking a major step toward mainstream crypto adoption. Shoppers can now pay for groceries and essentials using DOGE through a secure crypto payment system. This move highlights the growing shift from digital novelty to real-world cryptocurrency use.

Dogecoin’s low fees and fast transactions make it ideal for small, everyday purchases, aligning with SPAR’s focus on convenience. The company says the move reflects its commitment to flexible payment options and innovation. As one of Europe’s first major retailers to adopt DOGE, SPAR is helping turn the meme coin into a practical digital currency.

Also Read: DOGE Faces Major Crossroads: Will $0.16 Support Lead to a Rebound?

DOGE Price Setup Signals Breakout Toward $0.50

Moreover, the crypto analyst, Elite Crypto, revealed that Dogecoin (DOGE) seems to be preparing for a big breakout as an old cup and handle formation takes shape on the charts. The formation, which is normally witnessed before good bull moves, suggests a possible move up toward the $0.50 area if the momentum keeps accumulating. Market observers mention that DOGE is displaying renewed strength following a period of consistent consolidation, indicating increasing investor optimism.

Source: X

Currently, the price is going into an important accumulation area, where long-term investors are lining up for the next big move. Analysts believe that anything below the $0.155 level would be a good place to enter, as past patterns indicate accumulation ahead of expansion. As sentiment is recovering throughout the crypto space, Dogecoin can soon cause another explosive movement that rekindles the excitement of its legendary rallies.

Dogecoin Shows Consolidation Before Next Big Move

The weekly Dogecoin (DOGE) chart indicates the price has fallen through the 20-EMA ($0.2238) and 50-EMA ($0.2144), indicating short-term bearish sentiment and diminishing upward momentum. The main supports can be seen around $0.19 (100-EMA) and $0.155 (200-EMA), while very strong resistance can be seen around $0.22–$0.23.

Source: TradingView

The MACD is presently indicating dying bullish momentum, with the lines approaching a bearish crossover that would confirm downside momentum. The RSI stands at 46, reflecting falling buying strength and movement toward neutral-to-bearish ranges, although not yet overbought. Generally, Dogecoin seems to be in a guarded consolidation and correction mode before the next breakout.

Also Read: Dogecoin Nears Key Resistance at $0.23–$0.25 Breakout Eyes Bullish Move