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Following
DOGE 
XRP With the influx of new market liquidity, Dogecoin (DOGE) has once again become a focus for investors. Its active trading and high popularity have fueled expectations of a rising price. This article will explain why DOGE stands out among various cryptocurrency assets, as well as the market’s optimistic outlook for its future performance.
This meme coin has performed better than XRP over the past week, with a 12% increase in value, and daily trading volume exceeding $4 billion. However, these two altcoins are in similar situations, with several issuers facing a deadline on October 17 to make a decision regarding spot ETFs.
The deadline for deciding whether to approve ETFs for XRP and Dogecoin has passed.
As qualified assets under the SEC’s general listing standards, they are now moving quickly through the approval process, with S-1 filings becoming the last obstacle to obtaining approval. But with market expectations that U.S. interest rates will drop by another 50 basis points by the end of the year, the macroeconomic context continues to drive funds into high-risk assets like meme coins.
Analysis of Dogecoin prices: This could be the starting point for $1 DOGE.
These catalysts combined suggest that DOGE may achieve the cup-and-handle pattern that was formed at the beginning of this year. Dogecoin is currently nearing the 0.29-dollar neckline, which is a key threshold for a breakout. Momentum indicators suggest a strong bullish trend.
Daily chart of DOGE/USD: The 10-month cup-and-handle pattern is approaching a breakout.
RSI has firmly stabilized above the neutral line, indicating that buyers are still holding control over the current trend. At the same time, the MACD histogram continues to widen, further confirming the strength of the upward trend. Successful conversion of the neckline into a support level will confirm a breakout, with targets reaching historical highs of $0.49, and potentially achieving a 150% increase to $0.65.
As the bull market matures, continued interest rate cuts, along with deeper integration through ETFs, corporate funds, and even potential 401(k) plans into traditional financial systems, could further drive up the price of DOGE. A milestone of $1 may become a focus, with potential for a 285% increase.
