Dogecoin Eyes $0.195 After Breaking Out of Ascending Triangle

Dogecoin (DOGE) is showing strong momentum after breaking out of an ascending triangle pattern, setting its sights on a potential price target of $0.195.

Adding to the bullish case, DOGE’s network activity has surged, with daily active addresses overtaking those of XRP. According to TradingView, DOGE addresses jumped 11.2% hourly to reach 61,190, compared to XRP’s 8.65% growth to 47,280 addresses. This spike highlights rising user engagement and network activity for the memecoin.

On the price front, CoinMarketCap data shows XRP trading at $2.26 after a 7.78% 24-hour gain, while DOGE climbed 11.11% to $0.1816.

Further fueling optimism, DOGE’s derivatives volume soared 71.44% in just 24 hours, topping $5 billion. The combination of a technical breakout and booming derivatives activity suggests that Dogecoin could be poised for even more upside in the near term.

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