$DOGE
🚨 Dogecoin ($DOGE): The OG Meme Coin Eyes a Bullish Reversal 🚨
Dogecoin ($DOGE), the original meme token, remains the undisputed leader in the category, commanding a hefty $34.2 billion market cap that underscores its legacy status.
First conceived in 2013 by Billy Markus and Jackson Palmer as a tongue-in-cheek take on crypto, DOGE has since become a household name — and a surprisingly resilient digital asset.
Its price movements frequently echo those of Bitcoin, offering a level of predictability that sets it apart from its more volatile meme-based peers.
Currently changing hands at around $0.2295, DOGE has jumped 6.2% in the past 24 hours. Again, the descending wedge pattern falls across this project in quite a pronounced way.
Another bullish technical formation appears to have formed at the start of May: a cup and handle pattern that often indicates explosive upside.
Market bulls are setting their sights on a target of $0.50, which would represent a 118% upswing from today’s price.
Adoption remains a key factor in its momentum. Tesla continues to accept DOGE for select purchases, and platforms such as PayPal and Revolut have integrated support for the coin — signs of growing utility and mainstream acceptance.