Dogecoin (DOGE), the beloved meme coin with a strong community following, is expanding beyond its original blockchain and has officially entered the Solana ecosystem. This move comes as DOGE shows signs of forming the classic bullish “cup and handle” pattern, potentially driving its price up to $0.355.
🔹 DOGE Arrives on Solana via Wormhole Technology
Thanks to the Wormhole bridge and its Native Token Transfers (NTT) framework, Dogecoin has now become a multichain asset. Users will be able to trade and utilize DOGE directly within Solana as if it were a native token.
Wormhole partnered with firms Psy and RISC Zero, using advanced zero-knowledge proofs (ZKPs) to ensure secure and verifiable cross-chain transfers. The result is a smoothly interoperable token operating across multiple blockchain networks.
“Bringing Dogecoin to Solana unites two powerful crypto forces. We’re proud that Wormhole is the infrastructure provider making this moment happen,” the developers stated.
With this integration, DOGE joins a growing ecosystem of major cryptocurrencies and stablecoins already active on Solana. So far, over $11.5 billion in assets have been bridged to Solana via Wormhole—more than any other interoperability platform.
🔹 DOGE Price Chart Flashes Bullish Cup and Handle Formation
According to crypto analyst TraderTardigrade, the daily DOGE chart is showing a "cup and handle" formation—a technical pattern known for signaling bullish continuation.
The "cup" took shape over months of price consolidation, forming a rounded bottom.
The "handle" emerged as a short-term descending channel, indicating a brief dip before a potential breakout.
The handle appears shallow, which could suggest strong buyer interest and limited selling pressure.
Recently, Dogecoin broke above a resistance level at around $0.245, which had been capping the price for weeks. If DOGE maintains momentum and stays above this level with solid trading volume, the chart signals a possible move toward $0.355.
🔹 DOGE Open Interest Surges – Traders Betting on Price Breakout
At the time of writing, DOGE is trading at $0.2418 with a market cap of $36.12 billion. Its 24-hour trading volume is up over 4%, reaching $2.83 billion.
Meanwhile, derivative market activity is heating up:
🔹 DOGE options volume surged 130% to $349.57 million
🔹 Futures open interest jumped more than 11% to $2.97 billion
This suggests that traders are bracing for bigger price movements and positioning themselves accordingly.
Interestingly, DOGE spot volume across exchanges dropped by 3.93%, indicating that more traders are focusing on derivatives while waiting for a confirmed breakout above the $0.245 level.
#Dogecoin , #DOGE , #solana , #blockchain , #memecoin
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